Bodnár, Katalin; Molnár, György; Pellényi, Gábor; … - In: MNB Bulletin 8 (2013) Special, pp. 37-45
This article examines how the trade balance (or net exports) changed during the crisis. In the early-to-mid-2000s, Hungary ran a trade deficit as external indebtedness grew. Since the crisis, balance sheet adjustments by economic agents have substantially reduced imports for consumption and...