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Hungary; Economic Policies for Sustainable Growth

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  • International Monetary Fund

Abstract

Economic developments in Hungary during 1995-97 illustrate one of the most remarkable cases of macroeconomic adjustment in Europe over the last decade. Several momentous steps in the integration of the Hungarian economy with the rest of Europe and the industrial countries community took place. In May 1996, Hungary acceded to the OECD; in July 1997, it was invited to join NATO; and in the same month, the European Commission recommended that EU start membership talks in near future. Reducing inflation, maintaining a sustainable external position, and allowing growth of the private sector will require the continuation of the prudent fiscal policies that have characterized 1995-97.

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  • International Monetary Fund, 1998. "Hungary; Economic Policies for Sustainable Growth," IMF Occasional Papers 159, International Monetary Fund.
  • Handle: RePEc:imf:imfocp:159
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    1. repec:kap:iaecre:v:6:y:2000:i:2:p:127-149 is not listed on IDEAS
    2. Dell'Ariccia, Giovanni & Marquez, Robert, 2004. "Information and bank credit allocation," Journal of Financial Economics, Elsevier, vol. 72(1), pages 185-214, April.
    3. Axel Gerloff, 2000. "Stylized facts about stabilization in central and eastern Europe," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 6(2), pages 127-149, May.
    4. Barabás, Gyula & Hamecz, István & Neményi, Judit, 1998. "A költségvetés finanszírozási rendszerének átalakítása és az eladósodás megfékezése II. rész. Magyarország tapasztalatai a piacgazdasági átmenet időszakában
      [Transformation of the financing system
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 789-802.

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