Occasional Papers
PrintThese publications contain the results of analysis and research work conducted at the NBH. Their purpose is to encourage readers to present their comments, which may be useful for the authors in further research. These analyses reflect the views of the authors and do not necessarily correspond with the official views of the National Bank.
Many issues of the NBH Working Papers are published in both Hungarian and English, while some of them are available only in Hungarian or in English.
ISSN 1585-5678 (online)
- OP 139. András Borsos-Martin Stancsics: Unfolding the Hidden Structure of the Hungarian Multi-Layer Firm Network
- OP 138. Barnabás Székely: Funding for Lending Schemes Should Prioritize Sme Lending
- OP 137. Gábor Lovics -Katalin Szőke -Csaba G.Tóth -Bálint Ván: The Effect of the Introduction of Online Cash Registers on Reported Turnover in Hungary
- OP 136. Levente Kocsis - Miklós Sallay: Credit-to-GDP gap calculation using multivariate HP filter
- OP 135. Mihály Szoboszlai- Zoltán Bögöthy- Pálma Mosberger- Dávid Berta: Assessment Of The Tax And Transfer Changes In Hungary Between 2010 And 2017 Using A Microsimulation Model
- OP 134. Lajos Tamás Szabó: Forecasting external demand using BVAR models
- OP 132. László Bodnár: Network properties and evolution of the Hungarian RTGS over the past decade
- OP 131. Péter Bauer – Marianna Endrész: Corporate investment in Hungary-stylised facts on micro data
- OP 130. Judit Rariga: Service Traders in Hungary Evidence from Firm Level Data
- OP 129. Péter Bauer–József Kelemen: Estimation of uncertainty stemming from data revision of Hungarian GDP data
- OP 127. Ádám Banai–Nikolett Vágó–Sándor Winkler: The MNB’s house price index methodology
- OP 126. Tamás Berki - Tibor Szendrei: The cyclical position of housing prices - a VECM approach for Hungary
- OP 125. László Békési–Zsolt Kovalszky–Tímea Várnai: Scenarios for potential macroeconomic impact of Brexit on Hungary
- OP 124. Gergely Patrik Balla –Tamás Ilyés: Liquidity needs and liquidity costs of an instant payment systems
- OP 123. Ádám Banai–Gyöngyi Körmendi–Péter Lang–Nikolett Vágó: Modelling the credit risk of the Hungarian SME sector
- OP 122. Péter Bauer– Marianna Endrész: Modelling bankruptcy using Hungarian firm-level data
- Op Special Issue: Bálint Dancsik–Gergely Fábián–Zita Fellner–Gábor Horváth–Péter Lang–Gábor Nagy–Zsolt Oláh–Sándor Winkler: Comprehensive analysis of the nonperforming household mortgage portfolio usi
- OP 121. Mihály Hajnal – György Molnár – Judit Várhegyi: Exchange rate pass - through after the crisis: the Hungarian experience
- OP 119. Péter Bauer: Factors of price convergence and its estimated level in Hungary
- OP 118. Zsuzsanna Hosszú-Gyöngyi Körmendi-Bence Mérő: Univariate and multivariate filters to measure the credit gap
- OP 115. Kornél Kisgergely-Anikó Szombati: Banking union through hungarian eyes - The MNB’s assessment of a possible close cooperation
- OP 114. Katalin Bodnár - Lajos Tamás Szabó: The Effect of Emigration on the Hungarian Labour Market
- OP 113. Péter Gábriel-Judit Rarige-Judit Várhegyi: Inflation expectations in Hungary
- OP 111. Zoltán Monostori: Discriminatory versus uniform-price auctions
- OP 109. Ádám Banai–Zsuzsanna Hosszú–Gyöngyi Körmendi–Sándor Sóvágó–Róbert Szegedi: Stress testing at the Magyar Nemzeti Bank
- OP 107. Zalán Kocsis–Csaba Csávás–István Mák–György Pulai: Interest rate derivative markets in Hungary between 2009 and 2012 in light of the K14 dataset
- OP 106. Péter Fáykiss–Gabriella Grosz–Gábor Szigel: Transforming subsidiaries into branches – Should we be worrying about it?
- OP 105. Dániel Holló: A system-wide financial stress indicator for the Hungarian financial system
- OP 104. Anikó Bódi-Schubert–Zsolt Ábrahám–Erika Lajkó: Network-based analyses of Hungarian cash supply
- OP 103. Gábor Kézdi—István Kónya: Wage setting in Hungary: evidence from a firm survey
- OP 102. Martine Druant–Silvia Fabiani–Gábor Kézdi–Ana Lamo–Fernando Martins–Roberto Sabbatini: How are firms’ wages and prices linked: survey evidence in Europe
- OP 100. Judit Krekó-Csaba Balogh-Kristóf Lehmann-Róbert Mátrai-György Pulai-Balázs Vonnák: International experiences and domestic opportunities of applying unconventional monetary policy tools
- OP 96. Éva Keszy-Harmath—Gergely Kóczán—Surd Kováts—Boris Martinovic—Kristóf Takács: The role of the interchange fee in card payment systems
- OP 94. Sándor Sóvágó: Identifying supply and demand in the Hungarian corporate loan market
- OP 92. Gábor P. Kiss: Moving target indication: Fiscal indicators employed by the Magyar Nemzeti Bank
- OP 93. dr. Anikó Turján–Éva Divéki–Éva Keszy-Harmath–Gergely Kóczán–Kristóf Takács: Nothing is free: A survey of the social cost of the main payment instruments in Hungary
- OP 90. Judit Páles–Zsolt Kuti–Csaba Csávás: The role of currency swaps in the domestic banking system and the functioning the swap market during the crisis
- OP 87. Attila Csajbók-András Hudecz-Bálint Tamási: Foreign currency borrowing of households in new EU member states
- OP 84. István Helmeczi: The map of payments in Hungary
- OP 83. Dr. Anikó Turján: Postal payment services in Hungary
- OP 81: Zsuzsa Munkácsi: Export structure and export specialisation in Central and Eastern European countries
- OP 80: Katalin Bodnár: Exchange rate exposure of Hungarian enterprises – results of a survey
- OP 78. Lóránt Varga: The information content of Hungarian sovereign CDS spreads
- OP 77. Hedvig Horváth–Zoltán Szalai: Labour market institutions in Hungary with a focus on wage and employment flexibility
- OP 76. Júlia Király-Márton Nagy-Viktor E. Szabó: Contagion and the beginning of the crisis - pre-Lehman period
- OP 75. Ágnes Lublóy–Eszter Tanai: Operational Disruption and the Hungarian Real Time Gross Settlement System (VIBER)
- OP 74. Csaba Balogh–Gergely Kóczán: Secondary market trading infrastructure of government securities
- OP 73. Zoltán Reppa: Estimating yield curves from swap, BUBOR and FRA data
- OP 70. Dániel Holló–Mónika Papp: Assessing household credit risk: evidence from a household survey
- OP 68. Gábor Vadas: Wealth portfolio of Hungarian households – Urban legends and facts
- OP 67. Balázs Zsámboki: Basel II and financial stability: An investigation of sensitivity and cyclicality of capital requirements based on QIS 5
- OP 66. Győző Eppich–Szabolcs Lőrincz: Three methods to estimate the whitening-related distortion of the wage statistics
- OP 64. Csaba Csávás-Lóránt Varga-Csaba Balogh: The forint interest rate swap market and the main drivers of swap spreads
- OP 63. Eszter Tanai: Management of FX settlement risk in Hungary (Report II)
- OP 62. George Kopits: Fiscal Responsibility Framework: International Experience and Implications for Hungary
- OP 1996/5 Dániel Szakály – Henrik Tóth: Repo markets (Experiences and opportunities in Hungary) /1999/
- OP 1999/18 Flóra László: Payment systems and the monetary policy in Hungary
- OP 1999/19 János Soós: Operational framework of the European Central Bank
- OP 1999/7 Áron Gereben: The Interbank Money Market in Hungary
- OP 2001/8 Gyula Barabás – Klára Major: The monetary programme (A methodological description)
- OP 2001/9 Judit Antal – Gyula Barabás – Tamás Czeti – Klára Major: Liquidity management operations at the National Bank of Hungary
- OP 2002/10> Edit Horváth–Katalin Mérő Balázs Zsámboki: Studies on the procyclical behaviour of banks
- OP 2002/24 Attila Csajbók - Ágnes Csermely (ed.): Adopting the euro in Hungary: expected costs, benefits and timing
- OP 2002/25 Edit Horváth – Anikó Szombati: Risk and regulation of financial groups and conglomerates
- OP 2002/26 Katalin Mérő (ed.): Papers on the medium-term prospects of the banking sector
- OP 2003/27 Studies On The Potential Impacts Of The New Basel Capital Accord
- OP 2003/28 Csaba Balogh and Peter Gabriel: The Interbank Money Market Past and Future Trends
- OP 2004/30 Norbert Kiss M.: The Effects of Macroeconomic News on Money Markets
- OP 2004/32 László Baki - Dr Péter Rajczy - Márta Temesvári : Assessing and Managing Operational Risks at the Magyar Nemzeti Bank
- OP 2005/34. Szilárd Erhart: Driving factors behind O/N interbank interest rates – the Hungarian experiences
- OP 2005/37 Attila Csajbók - András Rezessy : Hungary's euro zone entry date: what do the markets think and what if they change their minds?
- OP 2005/38 András Rezessy: Estimating the immediate impact of monetary policy shocks on the exchange rate
- OP 2005/39 Áron Gereben–Klára Pintér: Implied volatility of foreign exchange options: is it worth tracking?
- OP 2005/40 Gábor Orbán-Dániel Palotai: The sustainability of the Hungarian pension system: a reassessment
- OP 2005/42 Áron Gereben–György Gyomai–Norbert Kiss M. : The microstructure approach to exchange rates: a survey from a central bank’s viewpoint
- OP 2005/43>Szilárd Benk–Zoltán M. Jakab–Gábor Vadas: Potential Output Estimations for Hungary: A Survey of Different Approaches
- OP 44 Csaba Csávás–Szilárd Erhart: Are Hungarian financial markets liquid enough?
- OP 2005/46> Julia Lendvai: Hungarian Inflation Dynamics
- OP 52. Ágnes Horváth–Zoltán M. Jakab–Gábor P. Kiss–Balázs Párkányi: Myths and Maths: Macroeconomic Effects of Fiscal Adjustments in Hungary
- OP 57. Ágnes Lublóy: Topology of the Hungarian large-value transfer system
- OP 59. Cecília Hornok–Zoltán M. Jakab –Barnabás Máté Tóth: Adjustment of global imbalances: Illustrative scenarios for Hungary
- OP 60. Sz. Benk–Z. M. Jakab–M. A. Kovács–B. Párkányi–Z. Reppa–G. Vadas: The Hungarian Quarterly Projection Model (NEM)
- OP 61. Gábor P. Kiss: Pain or Gain? Short-term Budgetary Effects of Surprise Inflation - the Case of Hungary