Macroeconomic Imbalances - Hungary

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Publisher :
ISBN 13 : 9789279228940
Total Pages : 0 pages
Book Rating : 4.2/5 (289 download)

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Book Synopsis Macroeconomic Imbalances - Hungary by :

Download or read book Macroeconomic Imbalances - Hungary written by and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 14 February 2012, the European Commission presented its first Alert Mechanism Report (AMR) in accordance with the Regulation (EU) No. 1176/2011 on the prevention and correction of macroeconomic imbalances. The AMR serves as an initial screening device to identify Member States that warrant further in depth analysis into whether imbalances exist or risk emerging. According to Article 5 of Regulation No. 1176/2011, these country-specific ?in-depth reviews? should examine the nature, origin and severity of macroeconomic developments in the Member State concerned, which constitute, or could lead to, imbalances. On the basis of this analysis, the Commission concludes whether it considers that an imbalance exists or not, and if so whether it is excessive or not, and what type of follow-up it will recommend to the Council to address to the Member State. This in-depth review concludes that Hungary is experiencing serious macroeconomic imbalances, which are not excessive but need to be addressed. In particular, certain macroeconomic developments such as the highly negative size of the net international investment position and public debt deserve very close attention so as to reduce the important risks of adverse effects on the functioning of the economy.

Macroeconomic Imbalances

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ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Macroeconomic Imbalances by : European Commission. Directorate-General for Economic and Financial Affairs

Download or read book Macroeconomic Imbalances written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2012 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 14 February 2012, the European Commission presented its first Alert Mechanism Report (AMR) in accordance with the Regulation (EU) No. 1176/2011 on the prevention and correction of macroeconomic imbalances. The AMR serves as an initial screening device to identify Member States that warrant further in depth analysis into whether imbalances exist or risk emerging. According to Article 5 of Regulation No. 1176/2011, these country-specific ?in-depth reviews? should examine the nature, origin and severity of macroeconomic developments in the Member State concerned, which constitute, or could lead to, imbalances. On the basis of this analysis, the Commission concludes whether it considers that an imbalance exists or not, and if so whether it is excessive or not, and what type of follow-up it will recommend to the Council to address to the Member State. This in-depth review concludes that Hungary is experiencing serious macroeconomic imbalances, which are not excessive but need to be addressed. In particular, certain macroeconomic developments such as the highly negative size of the net international investment position and public debt deserve very close attention so as to reduce the important risks of adverse effects on the functioning of the economy.

Macroeconomic Imbalances

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Publisher :
ISBN 13 : 9789279285516
Total Pages : 31 pages
Book Rating : 4.2/5 (855 download)

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Book Synopsis Macroeconomic Imbalances by : European Commission. Directorate-General for Economic and Financial Affairs

Download or read book Macroeconomic Imbalances written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2013 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: In May 2012, the Commission concluded that Hungary was experiencing serious imbalances, in particular as regards developments related to the net international investment position and implications of high government debt. In the Alert Mechanism Report (AMR) published on 28 November 2012, the Commission found useful, also taking into account the identification of a serious imbalance in May, to examine further the risks involved and progress in the unwinding of imbalances in an in-depth analysis. To this end this In-Depth Review (IDR) takes a broad view of the Hungarian economy in line with the scope of the surveillance under the Macroeconomic Imbalance Procedure (MIP).

Macroeconomic Imbalances

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (872 download)

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Book Synopsis Macroeconomic Imbalances by :

Download or read book Macroeconomic Imbalances written by and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macroeconomic Imbalances

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ISBN 13 : 9789279448966
Total Pages : 73 pages
Book Rating : 4.4/5 (489 download)

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Book Synopsis Macroeconomic Imbalances by :

Download or read book Macroeconomic Imbalances written by and published by . This book was released on 2015 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This report presents the results of in-depth reviews on the prevention and correction of macroeconomic imbalances in Hungary. In-depth reviews are embedded in a comprehensive country report."--Document home page.

Hungary

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Hungary by : International Monetary Fund. European Dept.

Download or read book Hungary written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2024-08-02 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hungary: Selected Issues

Hungary

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Publisher : International Monetary Fund
ISBN 13 : 1451817819
Total Pages : 191 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Hungary by : International Monetary Fund

Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-05-10 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Hungary during 1993–94. The downward trend in measured aggregate output that had begun in 1990 reached its trough during 1993, and Hungary recorded its first positive GDP growth in five years in 1994. At the same time, progress with respect to inflation remained slow and the annual increase in consumer prices, after some decline early in the year, stood at about 21 percent at end-1994, little changed from 1993. Overall, macroeconomic developments in Hungary during 1993–94 were overshadowed by large fiscal and external imbalances.

Hungary

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Publisher : International Monetary Fund
ISBN 13 : 1455279552
Total Pages : 49 pages
Book Rating : 4.4/5 (552 download)

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Book Synopsis Hungary by : International Monetary Fund

Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-06-15 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic development of Hungary after the economic crisis is discussed. Hungary’s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary’s high public debt and large financing needs, Executive Directors emphasized the need for full and timely implementation of consolidation measures. Directors also recognized the positive collaboration between the European Union and the IMF during the program period. Furthermore, the foreclosure moratorium continues to prevent banks from cleaning balance sheets.

Transformations in Hungary

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Publisher : Springer Science & Business Media
ISBN 13 : 3642575846
Total Pages : 392 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Transformations in Hungary by : Peter Meusburger

Download or read book Transformations in Hungary written by Peter Meusburger and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the first decade after the turn towards democracy and market economy, Hungary's society experienced profound changes. The book analyses related political, legal, institutional and socio-economic structures and processes in order to contribute to a further understanding of Hungary's ongoing transformation processes and its current situation as one of the leading candidates for EU membership. The topics include constitutive elements of a modern market economy as well as education, income structures, the poverty situation, post-communist voting behaviour, regional and urban development and Hungary's cross-border co-operations. The role of Budapest within the European city system and Hungary's economic situation within Europe are also discussed. Drawing together comprehensive empirical data and a geat variety of viewpoints, the book offers innovative examples of the application of different theoretical approaches to transformation studies and studies of economy and society in general.

The Economic Reform in Hungary

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Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis The Economic Reform in Hungary by : Bela Balassa

Download or read book The Economic Reform in Hungary written by Bela Balassa and published by . This book was released on 1968 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hungary's Policy Mix

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Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (117 download)

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Book Synopsis Hungary's Policy Mix by : Viktoria Kovacs

Download or read book Hungary's Policy Mix written by Viktoria Kovacs and published by . This book was released on 2004 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the adoption of a comprehensive economic reform package in 1995,Hungaryœs macroeconomic performance was impressive. Sound macroeconomicpolicies and appropriate structural reforms supported stable and high rates of growthand a reduction in inflation. In 2001, the orientation of the Hungarian policy mix was reversed: public expenditure increased significantly and generous wage policies were implemented. By 2003, the formerly modelœ accession country Hungary presented large macroeconomic imbalances, with a high government deficit, accelerating inflation and a widening current account deficit. Against this background, in the course of 2003 the central bank increased interest rates by 600 basis points to 12.5% in order to restore macroeconomic stability.The expansive stance of fiscal and wage policies of the recent years, coupled with the resulting sharp monetary tightening, are likely to have negative consequences on growth. The extent and duration of these effects depend on the ability of the authorities to restore confidence in the market. The required adjustment channelsare a tightening of fiscal policy, wage moderation, and further structural policies tofoster the growth potential of the economy. Recent economic policy decisions seem to be going in the right direction.

In-depth Review 2023 Hungary

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ISBN 13 : 9789276616689
Total Pages : 0 pages
Book Rating : 4.6/5 (166 download)

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Book Synopsis In-depth Review 2023 Hungary by :

Download or read book In-depth Review 2023 Hungary written by and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Hungary

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Publisher : International Monetary Fund
ISBN 13 : 1484310217
Total Pages : 52 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Hungary by : International Monetary Fund

Download or read book Hungary written by International Monetary Fund and published by International Monetary Fund. This book was released on 2013-03-29 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-performing loans (NPLs) were found to respond to macroeconomic conditions, such as GDP growth, unemployment, and inflation; there are also strong feedback effects from the banking system to the real economy. This suggests that the high NPLs that many CESEE countries currently face adversely affect the pace of economic recovery. The note also evaluates different policy options to achieve permanent fiscal consolidation in Hungary. A fiscal consolidation based on a reduction in government transfers can stimulate labor participation, and a resulting increase in the returns to capital can increase investment and output in the long term.

Macroeconomic Imbalances

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ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Macroeconomic Imbalances by : European Commission. Directorate-General for Economic and Financial Affairs

Download or read book Macroeconomic Imbalances written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2012 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 14 February 2012, the European Commission presented its first Alert Mechanism Report (AMR), prepared in accordance with Article 3 of Regulation (EU) No 1176/2011 on the prevention and correction of macroeconomic imbalances. The AMR serves as an initial screening device, helping to identify Member States that warrant further in-depth analysis to determine whether imbalances exist or risk emerging. According to Article 5 of Regulation No. 1176/2011, these country-specific ?in-depth reviews? should examine the nature, origin and severity of macroeconomic developments in the Member State concerned which constitute, or could lead to, imbalances. On the basis of this analysis, the Commission will establish whether it considers that an imbalance exists and what type of policy follow-up it will recommend to the Council. For Slovenia, the AMR noted that two indicators in the scoreboard exceeded their thresholds in 2010 and suggested the need to assess the development and drivers of potential imbalances. The AMR explained that in the years before the crisis, Slovenia enjoyed strong growth and domestic demand conditions, coupled with some losses in price competitiveness and a gradual widening of the current account deficit. It identified signs that overheating occurred, particularly as regards private sector credit growth, construction value added and property prices. The Slovenian economy was hit hard by the global crisis and the AMR noted that this has brought some, perhaps temporary, adjustment in the external balance but this is still at an early stage. Against this background, Section 2 examines the external and internal dimensions of imbalances including developments in competitiveness, private sector indebtedness and in asset markets. This is followed by a closer look at the implications of indebtedness of non-financial corporations for the banking sector in Section 3. Section 4 presents possible policy considerations.

Hungary

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 63 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Hungary by : International Monetary

Download or read book Hungary written by International Monetary and published by International Monetary Fund. This book was released on 2023-02-03 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the economy was recovering from the COVID-crisis, a succession of shocks and loose fiscal policy intensified inflation and fueled a large external deficit. Appropriately, the central bank significantly tightened monetary policy and the government plans a large fiscal adjustment. However, regulatory measures undermine the tighter fiscal and monetary policy mix. Growth is expected to slow sharply with still-elevated inflation and sizable risks can worsen the outlook.

Money, Incentives, and Efficiency in the Hungarian Economic Reform

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Publisher : Routledge
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Money, Incentives, and Efficiency in the Hungarian Economic Reform by : Josef C. Brada

Download or read book Money, Incentives, and Efficiency in the Hungarian Economic Reform written by Josef C. Brada and published by Routledge. This book was released on 1990 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The exchange of a regulated market for a centralized economy, coupled with incomplete reforms has made further, more radical reform increasingly difficult in Hungary. This text is a collection of essays that document the serious shortcomings of Hungarian economic reform.

Macroeconomic Imbalances

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ISBN 13 : 9789279228803
Total Pages : pages
Book Rating : 4.2/5 (288 download)

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Book Synopsis Macroeconomic Imbalances by : European Commission. Directorate-General for Economic and Financial Affairs

Download or read book Macroeconomic Imbalances written by European Commission. Directorate-General for Economic and Financial Affairs and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: