Hungary: Selected Issues

International Monetary Fund

No 2004/146, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper reviews indicators for external competitiveness in Hungary. The paper examines recent developments in a range of indicators. These include regional comparisons of wage and unit labor cost developments, and standard indicators based on price and cost-based measures of the real effective exchange rate (REER). In addition, the paper discusses actual export performance and market shares, profitability indicators, and business survey results. The equilibrium exchange rate is estimated. The paper also analyzes financial sector regulatory governance in Hungary.

Keywords: ISCR; CR; exchange rate; Hungary; independence; market share; equilibrium exchange rate; export profitability; FSA law; vis-à-vis euro; Board decision; Hungary's REER; unit labor cost; regained competitiveness position; equilibrium REER; Real effective exchange rates; Financial stability assessment; Exchange rates; Competition; Export performance; Global (search for similar items in EconPapers)
Pages: 55
Date: 2004-05-24
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