Homolya, Dániel; Szigel, Gábor - In: MNB Bulletin 3 (2008) 2, pp. 20-29
Over the past one and a half years, the amount of credit granted by banks to Hungarian local governments has doubled, and the gap between their cash deficit and net additional indebtness has increased. This borrowing boom is not the result of a drastic change in the financial management of local...