Exchange Rate Regime and Disinflation in the Transition : The Experience of the Pre-Announced Crawling Peg in Hungary

The aim of the paper is to analyse the disinflationary process in Hungary which took place in the second half of the 1990s. After the implementation of the so-called "Bokros" austerity package in early 1995, a crawling peg exchange rate regime has been adopted by the Hungarian authorities. We try to shed light on the role this exchange rate system played in disinflation. We also study the credibility of the system and investigate the presence of the Balassa-Samuelson effect. Finally, the Central bank's interventions on the forex market are studied

MoreLess

Year of publication:	2002
Authors:	Égert, Balázs
Publisher:	[S.l.] : SSRN
Subject:	Ungarn \| Hungary \| Inflationsbekämpfung \| Anti-inflation policy \| Wechselkurssystem \| Exchange rate regime \| Wechselkurspolitik \| Exchange rate policy \| Systemtransformation \| Economic transition \| Stufenflexibilität \| Adjustable peg \| Osteuropa \| Eastern Europe \| Geldpolitik \| Monetary policy
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Revue d'Economie Financiere, Vol. 2, No. 69, 2001 Volltext nicht verfügbar
Classification:	F36 - Financial Aspects of Economic Integration ; O11 - Macroeconomic Analyses of Economic Development ; P20 - Socialist Systems and Transitional Economies. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014112973