Frigyes Korányi (politician)

Frigyes Korányi (1869-1935) was a Hungarian politician and economist. He served as Minister of Finance in multiple Hungarian governments during a turbulent period in the nation's history, primarily between the two World Wars.

Korányi was born into the notable Korányi family, known for producing prominent figures in Hungarian medicine and public life. He studied law and political science, eventually entering public service. His expertise lay in economics and finance.

His most significant contributions were during the reconstruction period following World War I and the Treaty of Trianon. As Minister of Finance, he played a crucial role in stabilizing the Hungarian currency and managing the country's significant war debts. He implemented austerity measures and worked to secure international loans to stabilize the Hungarian economy.

Korányi also dealt with the significant economic challenges posed by the loss of substantial territory and resources following the Treaty of Trianon. His policies aimed to adapt Hungary's economy to its new, smaller size and to promote economic self-sufficiency.

He was considered a skilled and pragmatic politician, navigating complex financial issues and political pressures. Although his policies were sometimes controversial, particularly those involving austerity, he is generally recognized as having made a substantial contribution to the economic recovery of Hungary in the interwar period. He resigned from his final ministerial position in 1931.