Hungary: Selected Issues

May 24, 2004

Summary

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.

Subject: Competition, Exchange rates, Export performance, Financial markets, Financial sector policy and analysis, Financial stability assessment, Foreign exchange, International trade, Real effective exchange rates

Keywords: Board decision, Competition, CR, equilibrium exchange rate, equilibrium REER, exchange rate, Exchange rates, Export performance, export profitability, Financial stability assessment, FSA law, Global, Hungary, Hungary's REER, independence, ISCR, market share, Real effective exchange rates, regained competitiveness position, unit labor cost, vis-à-vis euro

Pages:
55
Volume:
2004
DOI:
https://doi.org/10.5089/9781451817935.002
Issue:
146
Series:
Country Report No. 2004/146
Stock No:
1HUNEA0022004
ISBN:
9781451817935
ISSN:
1934-7685

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