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A csúszó leértékelés tapasztalatai Magyarországon
[Experiences with the crawling band devaluation in Hungary]

Author

Listed:
  • Szapáry, György
  • Jakab M., Zoltán

Abstract

Tanulmányunkban a Magyarországon alkalmazott előre bejelentett csúszó rögzítéses árfolyamrendszer tapasztalatait tekintjük át. Az átmeneti gazdaságokban alkalmazott árfolyamrendszer megválasztásakor figyelembe kell venni a reformok indukálta inflációs feszültségeket, a termelési és az exportszerkezet átalakításának kényszerét, illetve a gazdaságpolitika hitelességének problémáját. Az olyan átalakuló gazdaságokban, mint Magyarország is, a sávosan rögzített, előre bejelentett csúszó árfolyam alkalmas a versenyképesség megőrzésének és az infláció mérséklésének kettős feladatát teljesíteni, ám ehhez a költségvetési és a strukturális politikák megfelelő segédlete is szükséges. Éppen ezért nem célszerű az árfolyamot túlságosan korán egy erős valutához kötni.

Suggested Citation

  • Szapáry, György & Jakab M., Zoltán, 1998. "A csúszó leértékelés tapasztalatai Magyarországon [Experiences with the crawling band devaluation in Hungary]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 877-905.
    • Handle: RePEc:ksa:szemle:215
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    References listed on IDEAS

    as
    1. Sachs, Jeffrey D, 1996. "Economic Transition and the Exchange-Rate Regime," American Economic Review, American Economic Association, vol. 86(2), pages 147-152, May.
    2. Mr. Peter J Montiel & Bijan B. Aghevli & Mr. Mohsin S. Khan, 1991. "Exchange Rate Policy in Developing Countries: Some Analytical Issues," IMF Occasional Papers 1991/009, International Monetary Fund.
    3. László Halpern & Charles Wyplosz, 1997. "Equilibrium Exchange Rates in Transition Economies," IMF Staff Papers, Palgrave Macmillan, vol. 44(4), pages 430-461, December.
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    Cited by:

    1. Oblath, Gábor, 1999. "A maastrichti szerződés fiskális kritériumai és a hazai államháztartási helyzet értelmezése [The Maastricht Treaty fiscal criteria and assessment of this country's budget situation]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 851-872.
    2. Szapáry, György, 2000. "Az árfolyamrendszer kiválasztása az átmenet országaiban az EMU-csatlakozás előtt [Choice of exchange-rate regime in transition countries before joining the EMU]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 951-961.

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    More about this item

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance

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