Hungary: 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 the successful sequence of
volumes on major topics in international economics published under
the auspices of the Centre for Economic Policy Research, of
interest to both policy-makers and specialists.
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