We examine developments in credit supply in recent years and the significance of its role using different approaches and various methods. Based on these, we can establish that credit supply is a significant factor in terms of the development of the Hungarian economy both during crisis periods...

Following the crisis, since mid-2009 domestic GDP has been growing slowly, but steadily. In 2011, there may have already been a material increase in real incomes as well, although a slight decline in consumption has been observed recently. In spite of more cautious consumption behaviour with...

Our study presents the top-down stress testing framework currently used by the Magyar Nemzeti Bank. We run separate solvency and liquidity stress tests to analyse the ability of the banking system to absorb shocks and we present their results in our Report on Financial Stability. In the former,...