Hungary: Selected Issues
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Summary:
This Selected Issues paper reviews the relationship between real GDP growth and domestic bank lending to the private sector in Hungary after the global financial crisis, It draws on a cross-country analysis of European countries. The recessions that followed the crisis were deeper and lasted longer than the average recession. Hungary, like some other countries, experienced a creditless recovery. Although it is difficult to disentangle the causes, this analysis concludes that (1) both credit demand and supply were hurt by the crisis; (2) key factors influencing credit developments include loan quality, deposit funding, and bank capital, as well as the macroeconomic environment; and (3) lending by Hungarian banks to the private sector finally seems to be picking up.
Series:
Country Report No. 2017/124
Subject:
Bank credit Banking Credit Financial crises Global financial crisis of 2008-2009 Money Revenue administration Tax return filing compliance
English
Publication Date:
May 12, 2017
ISBN/ISSN:
9781484300473/1934-7685
Stock No:
1HUNEA2017002
Pages:
46
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