Hungary : towards a market economy
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Bibliographic Information
Hungary : towards a market economy
Cambridge University Press, 1998
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Proceedings of the Conference "Hungary: Towards a Market Economy" organised on 20-21 October 1995 in Budapest by the Institute of Economics, Hungarian Academy of Science, with the support of the Centre for Economic Policy Research (CEPR)
Includes index
Description and Table of Contents
Description
Hungary: Towards a Market Economy, first published in 1998, offers a comprehensive assessment of the Hungarian economy, and follows its evolution in the immediate aftermath of the revolutions in Central and Eastern Europe. Part I 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 II 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. Hungary: Towards a Market Economy is part of the successful sequence 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.
Table of Contents
- List of figures
- List of tables
- Foreword
- Acknowledgements
- List of conference participants
- 1. The hidden Hungarian miracle Laszlo Halpern and Charles Wyplosz
- Part I. Macroeconomic Policy: 2. Fiscal difficulties in the transition: the case of Hungary between 1991 and 1995 Pal Gaspar
- Discussion David Begg
- 3. The interest rate transmission mechanism in Hungary, 1991-5 Balazs Vilagi and Janos Vincze
- 4. The nature of Hungarian inflation Isvtan Hamecz, Janos Vincze and Isvtan Zsoldos
- Discussion Ratna Sahay
- 5. The hidden economies of Visegrad countries in internal comparison: a household electricity approach Maria Lacko
- Discussion Michael A. Landesmann
- Part II. Industrial Structure: 6. Corporate governance in the transition - the case of Hungary: do new structures help create efficient ownership control Adam Toeroek
- 7. Corporate performance in the transition: econometric analysis of Hungarian exporting firms, 1985-94 Laszlo Halpern and Gabor Koeroesi
- Discussion Jan Svejnar
- 8. Hungary's Ponzi game Laszlo Szakadat
- Discussion Jerome Sgard
- Part III. Labour Markets: 9. The minimum wage in Hungary: subsistence minimum and/or bargaining tool Jenoe Koltay
- Discussion George Kopits
- 10. Welfare institutions and the transition: in search of efficiency and equity Ivan Csaba and Andras Semjen
- Discussion Christine H. Allison
- 11. Regional unemployment rate differentials in Hungary, 1991-5: the changing role of race and human capital Arpad Abraham and Gabor Kertesi
- Discussion Michael Burda
- Index.
by "Nielsen BookData"
