Fábián, Gergely; Mátrai, Róbert - In: MNB Bulletin 7 (2012) 2, pp. 14-23
The financial crisis revealed that – due to the reliance of the Hungarian banking sector on external funding – the deterioration in the liquidity position can be a significant obstacle to lending in spite of the ample forint liquidity at the system level. The Magyar Nemzeti Bank introduced...