KEY ISSUES Context. The economy is recovering gradually, helped by supportive macroeconomic policies, favorable external conditions, and improved market confidence. This, together with a welcome reduction in vulnerabilities, supported Hungary’s financial stability during bouts of volatility in...

This paper examines financial market comovements across European transition economies and compares their experience to that of their regions. Correlations in monthly indices of exchange market pressures can partly be explained by direct trade linkages, but not by measures of other fundamentals....

The experience of Central and Eastern European countries with moving from centrally planned to open-market economies is examined in this collection of papers given at an April 1991 seminar, moderated by Georg Winckler and organized by the IMF and the Austrian National Bank

This paper presents an update to Hungary’s Financial System Stability Assessment, including a Report on the Observance of Standards and Codes on Insurance Regulation. The assessment reveals that financial intermediation in Hungary has continued to deepen. The expansion of bank lending at...

This report presents update on the Observance of Standards and Codes—Data and Fiscal Transparency Modules for Hungary. Hungary continues to observe the Special Data Dissemination Standards’ specifications for the coverage, periodicity, and timeliness of all data categories, including the...

This report presents an updates on the Observance of Standards and Codes—Data Module and Fiscal Transparency for Hungary. Hungary continues to observe the Special Data Dissemination Standard specifications for the coverage, periodicity, and timeliness of all data categories, including the...

This Technical Assistance report highlights that the Hungarian economy is recovering gradually from a sharp recession. Restoring credit growth has become a central policy objective, seen as key to economic recovery and effective monetary transmission. Recent legislation significantly affects the...

This 2015 Article IV Consultation highlights that the Hungarian economy is growing at a strong pace helped by accommodative macroeconomic policies and improved market sentiment. Driven by strong domestic demand, output grew by 3.6 percent in 2014. Unemployment declined sharply reflecting the...

This Selected Issues paper assesses the efficiency of public spending on health and education in Hungary, with a view to identifying potential efficiency gains and areas for reforms so as to lock in such gains. The paper finds potentially large room for efficiency gains over the medium term,...

The paper looks at the hypothesis that financial market liberalization can create a basis for more stable exchange rates, as deviations of exchange rates from equilibrium levels bring forth stabilizing flows of liquidity. This ""endogenous liquidity"" hypothesis suggests that opening financial...