Debt trap - monetary indicators of Hungary's indebtedness

Judit Sági

MPRA Paper from University Library of Munich, Germany

Abstract: In the circumstances of the financial crisis, sovereign debts have increased with an effect on foreign exchange rates (NEERs), CDS spreads, market liquidity and debt exposures in foreign currencies. This study aims to examine the features of the Hungarian sovereign debt by analysing the possible interactions among the variables and also the monetary aspects of debt financing. At the end, some conclusions are drawn from a monetary perspective.

Keywords: nominal FX rate; real effective FX rate; CDS (search for similar items in EconPapers)
JEL-codes: G01 G15 H63 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:40343

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