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Economic developments in Hungary during 1995-97 illustrate one of the most remarkable cases of macroeconomic adjustment … Europe and the industrial countries community took place. In May 1996, Hungary acceded to the OECD; in July 1997, it was …
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As a companion piece to the Board paper on Structural Reforms and Macroeconomic Performance: Initial Considerations for the Fund, this paper presents a selection of case studies on the structural reform experiences of member countries. These papers update the Board on work since the Triennial...
Persistent link: https://www.econbiz.de/10014408645
This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually...
Persistent link: https://www.econbiz.de/10014396471
financial market turbulence and continued rapid credit growth in Hungary. With most new borrowing in foreign currency, the …
Persistent link: https://www.econbiz.de/10014404672
Hungary’s 2007 Article IV Consultation reports that with fiscal consolidation on track for 2007 and 2008, short …
Persistent link: https://www.econbiz.de/10014404693
The principal policy task in Hungary is to place public finances on a sound footing. For monetary policy, the challenge … second-round effects. From a risk-management perspective, a floating exchange rate regime is best suited to Hungary’s present …
Persistent link: https://www.econbiz.de/10014404765