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A leértékelési veszteség realizálása egy félreértett probléma
[Realization of the losses due to devaluation a problem misunterstood]

Author

Listed:
  • Pete, Péter

Abstract

A szerző az infláció nyomán felmerülő valutaleértékelések államadósságra, illetve a költségvetés ezzel kapcsolatos terheire gyakorolt hatásáról folyó vitához szól hozzá. Egy igen egyszerű modell segítségével igazolja, hogy az ún. leértékelési veszteség realizálásával kapcsolatos aggodalmak jórészt az államadósság nominális és reálértékű számbavételének összekeverésén alapulnak. Annak megítélését, hogy milyen makroökonómiai hatásai vannak az államháztartás és a jegybank egymás közti elszámolásainak, megnehezíti a külföldi államadósság MNB-hez való telepítése. Erről tanúskodik a költségvetés jegybanknál lévő adósságai után fizetendő kamatokról folytatott e tanulmány szerzője szerint teljesen értelmetlen vita is. Nem kizárt azonban az sem, hogy a leértékelési veszteség elszámolásával kapcsolatos félreértések mögött a jegybank szerepével, illetve a jegybanki önállóság természetével kapcsolatos tisztázatlanságok húzódnak meg.

Suggested Citation

  • Pete, Péter, 1996. "A leértékelési veszteség realizálása egy félreértett probléma [Realization of the losses due to devaluation a problem misunterstood]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 525-540.
    • Handle: RePEc:ksa:szemle:102
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    References listed on IDEAS

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    1. Eisner, Robert, 1989. "Budget Deficits: Rhetoric and Reality," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 73-93, Spring.
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    Cited by:

    1. Oblath, Gábor, 1999. "A maastrichti szerződés fiskális kritériumai és a hazai államháztartási helyzet értelmezése [The Maastricht Treaty fiscal criteria and assessment of this country's budget situation]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(10), pages 851-872.

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    More about this item

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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