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. Disregarding countries that joined the euro area, Hungary was the only state where household FX loans were completely phased out … household FX loans in Hungary from the point of view of the legal considerations, the interest rate environment, the …During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern …
Persistent link: https://www.econbiz.de/10012301687
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I decompose the factors contributing to the riskiness of foreign currency borrowers. I compare counterfactual default probabilities of local and foreign currency borrowers estimated on disaggregated data. My results suggest that the currency mismatch with the depreciation of the local currency...
Persistent link: https://www.econbiz.de/10011284740
We use household survey data from Hungary to analyse the determinants of foreign currency (FX) borrowing. We do not …
Persistent link: https://www.econbiz.de/10011387186
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, Hungary and Poland) during the process of euro adoption. Experiences of some old members (Greece, Ireland and Portugal) and … the econometric evidence speak in favour of strong loan increases in Hungary and Poland even though their magnitude may be …
Persistent link: https://www.econbiz.de/10013318196
In this paper, I examine the exchange rate exposure of Hungarian enterprises from a financial stability perspective. In connection with the recent growth in FX loans to enterprises, the central bank assesses the vulnerability of the banks’ loan portfolio to changes in the exchange rate. To...
Persistent link: https://www.econbiz.de/10003854447
crisis time. I use a novel micro-level dataset from Hungary to decompose the factors contributing to the higher loan …
Persistent link: https://www.econbiz.de/10012945030
The study aims to revisit some of the macroeconomic issues related to Hungary's eurozone-accession. The government …, focusing at the implications for Hungary's euro-adoption. The main conclusion of the analysis is that, irrespective of when … Hungary actually intends to join the eurozone, it is in the country's best interest to fulfil the requirements necessary for …
Persistent link: https://www.econbiz.de/10009521086
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