Hungary : Staff Report for the 2006 Article IV Consultation

1HUNEA2006002 Image
Price:  $18.00

Release Date: © October, 2006
ISBN : 978-1-45181-805-5
Stock #: 1HUNEA2006002
English
Stock Status: On back-order

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Description

The principal policy task in Hungary is to place public finances on a sound footing. For monetary policy, the challenge is to identify one-off inflationary influences, communicate these to the public and financial markets, and deal with second-round effects. From a risk-management perspective, a floating exchange rate regime is best suited to Hungary’s present needs. Although the banking sector has valuable safeguards, recent trends call for more proactive supervision and regulation. Improving labor market performance and enhancing competitiveness are tied in important ways to fiscal reforms.

Taxonomy

Balance of payments , Competition , Economic policy , Fiscal policy , Inflation , International trade , Monetary policy , Population , Social policy




More publications in this series: IMF Staff Country Reports