Hungary: Request for Stand-By Arrangement-Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
November 17, 2008
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This staff report for the Request for Stand-By Arrangement of Hungary examines financing conditions and economic challenges. Hungary was among the first emerging market countries to suffer from the fallout of the current global financial crisis. Compared with other emerging markets, Hungary’s higher stock vulnerabilities imply that a large amount of debt needs to be serviced and rolled over. Added risks include the large share of foreign currency lending by both domestic banks and subsidiaries of foreign parents.
Subject: Banking, Credit, External debt, Fiscal consolidation, Fiscal policy, Fiscal stance, Money, Public debt
Keywords: CR, Credit, financial market stress, financial markets in Hungary, financial support, Fiscal consolidation, Fiscal stance, Global, GRA credit, Hungary, IMF arrangement, IMF's financial support, ISCR, request, request for stand-by arrangement, The Fund
Pages:
79
Volume:
2008
DOI:
Issue:
361
Series:
Country Report No. 2008/361
Stock No:
1HUNEA2008003
ISBN:
9781451818116
ISSN:
1934-7685
