Constraints on Enterprise Liquidity and their Impact on the Monetary Sector in Formerly Centrally Planned Economies

This paper demonstrates that the monetary policy of the National Bank of Hungary is restrictive and has ignored the liquidity problems raised by the overhang of inter-enterprise liquidity. The implication is that the success of the transition to market is thereby jeopardized.

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Year of publication:	1993-12
Authors:	Abel, István ; Siklos, Pierre L
Institutions:	C.E.P.R. Discussion Papers
Subject:	Credit Crunch \| East European \| Economic Transformation \| Trade Credit

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 841
Classification:	E51 - Money Supply; Credit; Money Multipliers ; G32 - Financing Policy; Capital and Ownership Structure ; H32 - Firm ; P52 - Comparative Studies of Particular Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005661882