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Hungarian Clearing Turnover in the Context of the Past Fifteen Years

Author

Listed:
  • Levente Kovács

    () (University of Miskolc)

  • Zsolt Pál

    () (University of Miskolc)

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.

Suggested Citation

  • Levente Kovács & Zsolt Pál, 2011. "Hungarian Clearing Turnover in the Context of the Past Fifteen Years," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 7(01), pages 41-50.
  • Handle: RePEc:mic:tmpjrn:v:7:y:2011:i:01:p:41-50
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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2011/01/TMP_2011_01_05.pdf
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    More about this item

    Keywords

    clearing; turnover; money transfer; ACH GIRO;

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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