Hungary: Selected Issues

May 12, 2017

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Hungary: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 8, 2024

Summary

This Selected Issues paper reviews the relationship between real GDP growth and domestic bank lending to the private sector in Hungary after the global financial crisis, It draws on a cross-country analysis of European countries. The recessions that followed the crisis were deeper and lasted longer than the average recession. Hungary, like some other countries, experienced a creditless recovery. Although it is difficult to disentangle the causes, this analysis concludes that (1) both credit demand and supply were hurt by the crisis; (2) key factors influencing credit developments include loan quality, deposit funding, and bank capital, as well as the macroeconomic environment; and (3) lending by Hungarian banks to the private sector finally seems to be picking up.

Subject: Bank credit, Banking, Credit, Financial crises, Global financial crisis of 2008-2009, Money, Revenue administration, Tax return filing compliance

Keywords: Bank, Bank credit, CR, Credit, Europe, Global, Global financial crisis of 2008-2009, Grey economy, ISCR, PWS contract, PWS participant, PWS program, PWS wage, PWS worker, Tax return filing compliance, Wage, Worker

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/124
Stock No:

1HUNEA2017002
ISBN:

9781484300473
ISSN:

1934-7685

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