ePrints

The Hungarian exchange rate and inflation over the transition

Lookup NU author(s): Dr David Barlow

Downloads

Full text for this publication is not currently held within this repository. Alternative links are provided below where available.

Abstract

The relationship from inflation and the real exchange rate to the rate of depreciation of the exchange rate for Hungary is investigated over 1991m6-2002m2. Evidence is found that prior to the adoption of the pre-announced crawl in 1995 depreciation responded to inflation. After the adoption of the crawl inflation is dominated by a trend that indicates the rate of depreciation to be diminishing over time. This trend is interpreted as being deterministic, as a consequence of the gradual reductions in the rate of official devaluations. In both periods depreciation was found to respond to the real exchange rate in ways that limited real appreciations of the currency. © 2005 Elsevier B.V. All rights reserved.

Publication metadata

Author(s): Barlow D

Publication type: Article

Publication status: Published

Journal: Economic Systems

Year: 2005

Volume: 29

Issue: 1

Pages: 87-97

ISSN (print): 0939-3625

ISSN (electronic):

Publisher: Elsevier BV

URL: http://dx.doi.org/10.1016/j.ecosys.2005.01.004

DOI: 10.1016/j.ecosys.2005.01.004

Altmetrics

Share