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Hungary : 2008 Article IV Consultation: Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2008/313
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- Hungary--Economic conditions.
- Hungary--Economic policy.
- International monetary fund--Hungary.
- Local Subjects:
- Hungary--Economic conditions.
- Hungary--Economic policy.
- International monetary fund--Hungary.
- Physical Description:
- 1 online resource (48 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2008.
- Language Note:
- English
- Summary:
- The Article IV Consultation highlights the financial system risks that have increased reflecting both the global financial market turbulence and continued rapid credit growth in Hungary. With most new borrowing in foreign currency, the private sector’s net foreign currency liabilities increased. Monetary policy has been appropriately tightened, and the elimination of the exchange rate band has removed a potential conflict between monetary policy objectives. Executive Directors called for enhanced collaboration with foreign supervisory authorities given Hungarian banks’ close links with financial institutions abroad.
- Contents:
- Cover; Contents; I. Staff Appraisal and Summary; II. Context; III. Outlook-Risks to External Stability Remain High; IV. Fiscal Policy-Further Consolidation Required; V. Monetary Policy-Higher Interest Rates May Be Necessary; VI. Financial Stability-Risks Need To Be Addressed; Tables; 1. Main Economic Indicators, 2003-09; 2. Demand Components of GDP, 2002-07; 3. Balance of Payments, 2003-09; 4. Net International Investment Position, 2002-07; 5. Staff's Illustrative Medium-Term Scenario, 2003-13; 6. Consolidated General Government, 2003-09
- 7. Financial Soundness Indicators for the Banking Sector, 2003-07Boxes; 1. Surveillance and Policies; 2. Government Securities Market Turmoil; 3. Numerical Fiscal Rules and Government Bond Yields; 4. Monetary Policy Responses to Global Financial Shocks; Contents; Appendices; I. Fund Relations; II. Statistical Issues; III. External Debt Sustainability; IV. Public Sector Debt Sustainability
- Notes:
- Description based upon print version of record.
- Description based on publisher supplied metadata and other sources.
- ISBN:
- 9786613742704
- 9781455240999
- 1455240990
- 9781451983630
- 1451983638
- 9781280920523
- 1280920521
- 9781451990218
- 1451990219
- OCLC:
- 557650588
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