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X. Labor Market Developments and Flexibility

X. Labor Market Developments and Flexibility »

Source: Hungary : Economic Policies for Sustainable Growth

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557757098

Keywords: inflation, debt, current account, interest, national bank

Prior to 1990, recorded unemployment in Hungary was virtually nonexistent. Productivity levels were low owing to widespread disguised labor hoarding. The economic reforms that accompanied Hungary’s transitio...

XI. Financial Markets in Hungary

XI. Financial Markets in Hungary »

Source: Hungary : Economic Policies for Sustainable Growth

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557757098

Keywords: inflation, debt, current account, interest, national bank

Ten years after the initiation of reforms, Hungary has in place much of the infrastructure necessary for an efficient financial system that is well integrated with world capital markets. While the bulk of th...

XII. Foreign Borrowing and Capital Market Liberalization

XII. Foreign Borrowing and Capital Market Liberalization »

Source: Hungary : Economic Policies for Sustainable Growth

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557757098

Keywords: inflation, debt, current account, interest, national bank

During 1993–95, Hungary was an active participant in international capital markets, borrowing on average about 11½ percent of GDP (in gross terms). The amount of foreign borrowing recently declined sharply,...

XIII. A Look Ahead

XIII. A Look Ahead »

Source: Hungary : Economic Policies for Sustainable Growth

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557757098

Keywords: inflation, debt, current account, interest, national bank

In view of the impressive accomplishments of the Hungarian economy over the last three years, one might conclude that the transition is by and large complete. In one sense, this is true: virtually all the in...

I. Introduction

I. Introduction »

Source: Hungary : Economic Policies for Sustainable Growth

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557757098

Keywords: inflation, debt, current account, interest, national bank

The process of macroeconomic adjustment and structural reform in Hungary during 1995–97 deserves attention for several reasons. First, the performance of the Hungarian e...

II. Macroeconomic and Structural Adjustment During 1995–97: An Overview

II. Macroeconomic and Structural Adjustment During 1995–97: An Overview »

Source: Hungary : Economic Policies for Sustainable Growth

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 February 1998

ISBN: 9781557757098

Keywords: inflation, debt, current account, interest, national bank

Economic developments in Hungary during 1995–97 illustrate one of the most remarkable cases of macroeconomic adjustment in Europe over the last decade. At the end of 1994, macroeconomic conditions in Hungary...

I Introduction

I Introduction »

Source: A Case of Successful Adjustment : Korea's Experience During 1980-84

Series: Occasional Papers

Author(s): Jorge Márquez-Ruarte , and Bijan Aghevli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 August 1985

ISBN: 9780939934515

Keywords: current account deficit, current account, short-term debt, external debt, gnp

Korea’s experience following the second wave of oil price increases is an excellent example of how orthodox stabilization policies, effectively implemented, can help a country adjust to domestic and external...

II Historical Background

II Historical Background »

Source: A Case of Successful Adjustment : Korea's Experience During 1980-84

Series: Occasional Papers

Author(s): Jorge Márquez-Ruarte , and Bijan Aghevli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 August 1985

ISBN: 9780939934515

Keywords: current account deficit, current account, short-term debt, external debt, gnp

The Period of Rapid Economic Growth Korea made remarkable economic progress during the 1960s and 1970s. In the early 1960s, the economy was characterized by low per capita income and...

III The Years of Crisis (1979–80)

III The Years of Crisis (1979–80) »

Source: A Case of Successful Adjustment : Korea's Experience During 1980-84

Series: Occasional Papers

Author(s): Jorge Márquez-Ruarte , and Bijan Aghevli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 August 1985

ISBN: 9780939934515

Keywords: current account deficit, current account, short-term debt, external debt, gnp

At the turn of the decade, the Korean economy underwent a major crisis, which had its roots in external and domestic shocks that exacerbated the impact of structural imbalances already present in the economy...

IV The Years of Recovery (1981–82)

IV The Years of Recovery (1981–82) »

Source: A Case of Successful Adjustment : Korea's Experience During 1980-84

Series: Occasional Papers

Author(s): Jorge Márquez-Ruarte , and Bijan Aghevli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 August 1985

ISBN: 9780939934515

Keywords: current account deficit, current account, short-term debt, external debt, gnp

At the outset of 1981, the economic environment was characterized by relatively high unemployment, high levels of inventories, and excess capacity. The Government continued with its adjustment effort during...