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Debt overhang and the macroeconmics of carry trade
van Wijnbergen, Sweder J.G.; Jakucionyte, Egle - 2017
The depreciation of the Hungarian forint in 2009 left Hungarian borrowers with a skyrocketing value of foreign currency debt. The resulting losses worsened debt overhang in to debt-ridden firms and eroded bank capital. Therefore, although Hungarian banks had partially isolated their balance...
Persistent link: https://www.econbiz.de/10011586730
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Minimum Wage and Tax Evasion: Theory and Evidence
Tonin, Mirco - 2007
massive increase in the minimum wage that took place in Hungary in 2001 as a quasi-natural experiment. …
Persistent link: https://www.econbiz.de/10010494355
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How much of the macroeconomic variation in Eastern Europe is attributable to external shocks
Maćkowiak, Bartosz (contributor) - 2005
Republic, Hungary and Poland. We find that a sizable fraction of the variation is attributable to external shocks, especially …
Persistent link: https://www.econbiz.de/10003324162
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The "Chinese style reforms" and the Hungarian "Goulash Communism"
Csanádi, Mária - 2009
communismʺ to political transformation first in Hungary accompanied by economic crisis, and Chinese style reformsʺ to economic …
Persistent link: https://www.econbiz.de/10003824106
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Sources of inflation and output fluctuations in Poland and Hungary : implications for full membership in the European Union
Dibooglu, Sel; Kutan, Ali Mustafa - 2001
admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy aggregate supply … indicates that supply shocks explain a sizable portion of price level movements in Hungary while demand shocks are dominant in … price level movements in Poland. Monetary shocks are an important source of output fluctuations in the short run in Hungary …
Persistent link: https://www.econbiz.de/10010518135
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Entrepreneurship from scratch : lessons on the entry decision into self-employment from transition economies
Earle, John S.; Saková, Zuzana - 1999
This paper exploits the rapid rise in self-employment rates in post-communist Eastern Europe as a valuable "quasi-experiment" for understanding the sources of entrepreneurship. A relative demand-supply model and an individual sectoral choice model are used to analyze a 1993 survey of 27,000...
Persistent link: https://www.econbiz.de/10011316912
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Regional Unemployment and its Persistence in Transition Countries
Bornhorst, Fabian; Commander, Simon John - 2021
We look at the differences in regional unemployment rates in six major transition countries and their persistence over time. We analyse the role various adjustment mechanisms play. While movement out of the labour force seems to be one consequence in many regions with high relative unemployment,...
Persistent link: https://www.econbiz.de/10013319418
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Debt overhang and the macroeconmics of carry trade
Wijnbergen, Sweder van; Jakucionyte, Egle - 2016
The depreciation of the Hungarian forint in 2009 left Hungarian borrowers with a skyrocketing value of foreign currency debt. The resulting losses worsened debt overhang in to debt-ridden firms and eroded bank capital. Therefore, although Hungarian banks had partially isolated their balance...
Persistent link: https://www.econbiz.de/10011583537
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Review of : János Kornai, By Force of Thought: Irregular Memoirs of an Intellectual Journey. Cambridge (Mass.)
Chilosi, Alberto - 2007
country of real socialism such as Hungary, from the Stalinist after-war years to the progressively more relaxed, but still …
Persistent link: https://www.econbiz.de/10014223489
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Sources of Inflation and Output Fluctuations in Poland and Hungary : Implications for Full Membership in the European Union
Dibooglu, Selahattin; Kutan, Ali M. - 2003
for admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy … mobility. Evidence indicates that supply shocks explain a sizable portion of price level movements in Hungary while demand … short run in Hungary suggesting nominal inertia. In Poland, real demand shocks affect output in the short run (up to one …
Persistent link: https://www.econbiz.de/10014124144