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The impact of public debt on foreign exchange reserves and central bank profitability: the case of Hungary

In: Fiscal policy, public debt and monetary policy in emerging market economies

Author

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  • Gergely Baksay
  • Ferenc Karvalits
  • Zsolt Kuti

Abstract

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Suggested Citation

  • Gergely Baksay & Ferenc Karvalits & Zsolt Kuti, 2012. "The impact of public debt on foreign exchange reserves and central bank profitability: the case of Hungary," BIS Papers chapters,in: Bank for International Settlements (ed.), Fiscal policy, public debt and monetary policy in emerging market economies, volume 67, pages 179-191 Bank for International Settlements.
  • Handle: RePEc:bis:bisbpc:67-12
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    File URL: http://www.bis.org/publ/bppdf/bispap67l.pdf
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    References listed on IDEAS

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    1. Barry Eichengreen & Ricardo Hausmann & Ugo Panizza, 2007. "Currency Mismatches, Debt Intolerance, and the Original Sin: Why They Are Not the Same and Why It Matters," NBER Chapters,in: Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences, pages 121-170 National Bureau of Economic Research, Inc.
    2. Wolswijk, Guido & de Haan, Jakob, 2005. "Government debt management in the euro area - recent theoretical developments and changes in practices," Occasional Paper Series 25, European Central Bank.
    3. Guido Wolswijk & Jakob de Haan, 2005. "Government debt management in the euro area - recent theoretical developments and changes in practices," Occasional Paper Series 25, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Gergely Kicsák, 2017. "Developments in Government Interest Expenditure for Hungary, 2000–2015," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 16(1), pages 46-73.

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