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MNB Bulletin June 2006

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Summary

The Magyar Nemzeti Bank assigns importance to regularly informing the experts and the wider public on current Hungarian economic trends and key economic issues in particular, which merit special attention. We hope that the Bulletin, as a new publication, will contribute to the dissemination of the most important results and conclusions of the central bank’s research and analysis activity in a comprehensive form, made available to a wide readership. This issue contains five studies which apply various approaches to analyse current issues related to the banking system and the financial markets, and the impact of fiscal policy on the macroeconomy. We hope that the studies in this publication raise interesting issues and themes which will impress our readers and stimulate further thinking on the subject. We would welcome any suggestions or comments on the studies or this publication more generally.

Editorial Board

The articles of this volume can be downloaded below.

Survey evidence on the exchange rate exposure of Hungarian SMEs by Katalin Bodnár

Main characteristics of non-residents’ trading on the foreign exchange and government bond markets by Csaba Csávás and Lóránt Varga

Analysis of banking system efficiency in the European Union by Dániel Holló and Márton Nagy

Credit boom: equilibrium convergence or risky indebtedness? by Gergely Kiss

Myths and Maths: Macroeconomic Effects of Fiscal Adjustments in Hungary by Balázs Párkányi

The complete volume is downloadable here