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Hungarian Clearing Turnover in the Context of the Past Fifteen Years

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  • Levente Kovács

    ()
    (University of Miskolc)

  • Zsolt Pál

    ()
    (University of Miskolc)

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    Abstract

    The past fifteen years have been decisive in terms of the appearance and development of one of the most significant background systems serving as a foundation for the economy, the clearing services. In November 1994 the automatic clearing system was introduced in Hungary, and the past two decades saw a well-balanced operation, continuous development and more or less uniform increase in turnover. The paper presents the events of this period, the present of clearing services, and the changes in the near future which are expected to have significant impacts.

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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2011/01/TMP_2011_01_05.pdf
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    Bibliographic Info

    Article provided by Faculty of Economics, University of Miskolc in its journal Theory Methodology Practice (TMP).

    Volume (Year): 7 (2011)
    Issue (Month): 01 ()
    Pages: 41-50

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    Handle: RePEc:mic:tmpjrn:v:7:y:2011:i:01:p:41-50

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    Web page: http://www.gtk.uni-miskolc.hu/
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    Related research

    Keywords: clearing; turnover; money transfer; ACH GIRO;

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