Hungary: Towards a Market EconomyLászló Halpern, Charles Wyplosz Cambridge University Press, 17 սեպ, 1998 թ. - 390 էջ "Hungary: Towards a Market Economy" offers a recent and up-to-date assessment of the contemporary Hungarian economy, and follows its evolution in the immediate aftermath of the revolutions in Central and Eastern Europe. Part One describes the macroeconomy, the evolution of monetary policy, the link between the exchange rate and inflation, the inability of fiscal policy to come to terms with public debt and deficits, and the evolution of the underground economy. Part Two focuses on the microeconomy; the consolidation of the banking sector, the evolution of corporate governance and an analysis of the profitability of export-orientated firms. The final part assesses the labour market and the system of welfare. This work is the latest in the successfulsequence of volumes on major topics in international economics published under the auspices of the Centre for Economic Policy Research, of interest to both policy-makers and specialists. |
Բովանդակություն
the case of Hungary | 23 |
Discussion | 51 |
Characterising monetary policy | 58 |
Summary | 80 |
The nature of Hungarian inflation | 95 |
Money and prices | 105 |
Summary and conclusions | 113 |
Discussion | 123 |
Discussion | 212 |
Reforming the Hungarian banking sector 198791 | 217 |
Credit conciliation | 234 |
Debtor conciliation | 243 |
Assessment and policy recommendations | 249 |
Discussion | 255 |
What might the future consequences of the banking | 262 |
Economic effects of minimum wages | 268 |
Discussion | 153 |
CG and economic transition | 166 |
Evolution or bifurcation? | 174 |
27 | 178 |
Conclusions for legislation and policy | 182 |
31 | 188 |
econometric | 192 |
36 | 204 |
CobbDouglas production functions | 205 |
Wage bargaining andor minimum wage bargaining | 277 |
Enforcement and fragmentation of the minimum wage | 283 |
Discussion | 290 |
Introduction | 317 |
Discussion | 344 |
Regional unemployment rate differentials in Hungary | 351 |
the determinants of individual chances | 374 |
381 | |
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Common terms and phrases
activities adjustment analysis assets banking sector bankruptcy behaviour Board of Directors Budapest capital cent of GDP central bank CG structures changes coefficients commercial banks companies conciliation consumption contribution corporate costs countries Czech republic deposit rates domestic effect employees enterprise equations estimates expenditures factors firms foreign function growth Gypsy heteroscedasticity hidden economy household Hungarian Hungary impact important income indicators industrial institutions interest rate investment investors labour lagged lending rate loans long-run macroeconomic market economies measures minimum wage monetary policy money market rates nominal OECD owners ownership parameters PAYG pension system period post-socialist privatisation problem profit programmes public debt ratio real exchange rate reform regional regression relative restructuring revenues role sample shareholders shares significant SOCBS social Supervisory Boards Szakadát tradable transition economies transmission mechanism unemployment rate variables welfare World Bank