Hungary : Stand-By Arrangement; Interim Review Under the Emergency Financing Mechanism.
This paper focuses on the Stand-By Arrangement for Hungary under the Emergency Financing Mechanism. Economic indicators confirm that the downturn envisaged in the program is already under way. The new bank support law is important, as it provides Hungarian banks with access to capital enhancement an...
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| Format: | Revista |
| Idioma: | English |
| Publicat: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Col·lecció: | IMF Staff Country Reports; Country Report ;
No. 2009/021 |
| Accés en línia: | Full text available on IMF |
| Sumari: | This paper focuses on the Stand-By Arrangement for Hungary under the Emergency Financing Mechanism. Economic indicators confirm that the downturn envisaged in the program is already under way. The new bank support law is important, as it provides Hungarian banks with access to capital enhancement and borrowing guarantee facilities. The gradual reductions in the policy interest rate have been appropriate. Looking ahead, continued implementation of policies in line with the program is essential to maintain investor confidence and minimize the depth of the economic downturn. |
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| Descripció de l’ítem: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descripció física: | 1 online resource (13 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Accés: | Electronic access restricted to authorized BRAC University faculty, staff and students |