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Tőkebeáramlás, sterilizáció és pénzmennyiség, II. rész
[Capital inflow, sterilization and money supply. Part II]

Author

Listed:
  • Barabás, Gyula
  • Hamecz, István

Abstract

A kétrészes tanulmány második része az első részben bemutatott elemzési keret segítségével részletesen vizsgálja a devizaáramlás forrásait, megvilágítja a devizapiaci intervenció és a jegybank által érzékelt konverzió közötti eltérés okait, s a devizakonverzió komponenseinek elkülönítésével becslést ad az 1995.1996-os években tapasztalt kamatérzékeny, illetve spekulatív devizaáramlás nagyságára. A cikk magyarázatot ad arra, hogy milyen összefüggés van az MNB által alkalmazott sterilizáció eszközei és a bővebb pénzmennyiség növekedési üteme között. A tanulmányt a különböző sterilizációs technikák rövid összehasonlító elemzése zárja.

Suggested Citation

  • Barabás, Gyula & Hamecz, István, 1997. "Tőkebeáramlás, sterilizáció és pénzmennyiség, II. rész [Capital inflow, sterilization and money supply. Part II]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 757-781.
    • Handle: RePEc:ksa:szemle:451
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    References listed on IDEAS

    as
    1. Joseph Bisignano, 1996. "Varieties of monetary operating procedures: balancing monetary objectives with market efficiency," BIS Working Papers 35, Bank for International Settlements.
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    More about this item

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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