 Development of the Financial Sector in Hungary During the Transition PeriodRezsö Nyers and Gabriella Rosta Lutz Chapter 6 in Financial Reform in Central and Eastern Europe, 1995, pp 127-150 from Palgrave Macmillan Abstract: Abstract The most important economic reform measures of the 1980s were introduced in the financial sector. Of the main reform measures, the following deserve to be mentioned: the re-establishment of trading in securities from 1982 on, followed by the development of the organisational structure and institutional framework of the capital market (1980–90), the enactment of the Law on the Issue of and Trade in Securities, the relaunching of the Stock Exchange (1990); the establishment of a two-tier banking system in 1987; the creation of independent commercial banks; the activation and growing autonomy of monetary policy and, in close connection with this, the enactment of the fundamental financial laws. Among these, the Law on the National Bank of Hungary of 1991 deserves mention. It declares the relative autonomy of the Central Bank and its monetary policy, and was followed by the enactment of the Banking Law of 1991, the Accounting Law (1991) and the Bankruptcy Law (1991), all in conformity with international practices. Keywords: Monetary Policy; Financial Institution; Total Asset; Banking System; Commercial Bank (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23800-2_6 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-23800-2_6 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.