Hungary: Towards a Market Economy by Lszl Halpern, Charles ... - 9780521630689

Hungary: Towards a Market EconomyAuthor(s): Lszl Halpern, Charles Wyplosz\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521630689, 978-0521630689\nSynopsis\nHungary: Towards a Market Economy, first published in 1998, offers a comprehensive assessment of the Hungarian economy, and follows its evolution in the immediate aftermath of the revolutions in Central and Eastern Europe. Part I describes the macroeconomy, the evolution of monetary policy, the link between the exchange rate and inflation, the inability of fiscal policy to come to terms with public debt and deficits and the evolution of the underground economy. Part II focuses on the microeconomy; the consolidation of the banking sector, the evolution of corporate governance and an analysis of the profitability of export-orientated firms. The final part assesses the labour market and the system of welfare. Hungary: Towards a Market Economy is part of th.