IDEAS home Printed from https://ideas.repec.org/a/ksa/szemle/451.html
   My bibliography  Save this article

Tőkebeáramlás, sterilizáció és pénzmennyiség, II. rész
[Capital inflow, sterilization and money supply. Part II]

Author

Listed:
  • Barabás, Gyula
  • Hamecz, István

Abstract

A kétrészes tanulmány második része az első részben bemutatott elemzési keret segítségével részletesen vizsgálja a devizaáramlás forrásait, megvilágítja a devizapiaci intervenció és a jegybank által érzékelt konverzió közötti eltérés okait, s a devizakonverzió komponenseinek elkülönítésével becslést ad az 1995.1996-os években tapasztalt kamatérzékeny, illetve spekulatív devizaáramlás nagyságára. A cikk magyarázatot ad arra, hogy milyen összefüggés van az MNB által alkalmazott sterilizáció eszközei és a bővebb pénzmennyiség növekedési üteme között. A tanulmányt a különböző sterilizációs technikák rövid összehasonlító elemzése zárja.

Suggested Citation

  • Barabás, Gyula & Hamecz, István, 1997. "Tőkebeáramlás, sterilizáció és pénzmennyiség, II. rész [Capital inflow, sterilization and money supply. Part II]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 757-781.
    • Handle: RePEc:ksa:szemle:451
    as

    Download full text from publisher

    File URL: http://www.kszemle.hu/tartalom/letoltes.php?id=451
    Download Restriction: Registration and subscription. 3-month embargo period to non-subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Joseph Bisignano, 1996. "Varieties of monetary operating procedures: balancing monetary objectives with market efficiency," BIS Working Papers 35, Bank for International Settlements.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eric Monnet & Miklos Vari, 2023. "A Dilemma between Liquidity Regulation and Monetary Policy: Some History and Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 915-944, June.
    2. Forssbaeck, Jens & Oxelheim, Lars, 2007. "The transition to market-based monetary policy: What can China learn from the European experience?," Journal of Asian Economics, Elsevier, vol. 18(2), pages 257-283, April.
    3. Aleksander Berentsen, 1998. "Monetary Policy Implications of Digital Money," Kyklos, Wiley Blackwell, vol. 51(1), pages 89-118, February.
    4. Barabás, Gyula & Hamecz, István, 1997. "Tőkebeáramlás, sterilizáció és pénzmennyiség, I. rész [Capital inflow, sterilization and money supply]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 653-672.
    5. Eric Monnet & Miklos Vari, 2019. "Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy," IMF Working Papers 2019/176, International Monetary Fund.
    6. Richard W. Kopcke, 2002. "The practice of central banking in other industrialized countries," New England Economic Review, Federal Reserve Bank of Boston, issue Q 2, pages 3-9.
    7. Berensmann, Kathrin, 2003. "Monetary policy under currency board arrangements: An necessary flexibility for transition countries?," W.E.P. - Würzburg Economic Papers 44, University of Würzburg, Department of Economics.
    8. Machava, Agostinho & Brännäs, Kurt, 2015. "Mozambican Monetary Policy and the Yield Curve of Treasury Bills - An Empirical Study," Umeå Economic Studies 918, Umeå University, Department of Economics.
    9. John Hawkins, 2005. "Globalisation and monetary operations in emerging economies," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and monetary policy in emerging markets, volume 23, pages 59-80, Bank for International Settlements.
    10. Gordon H. Sellon & Stuart E. Weiner, 1996. "Monetary policy without reserve requirements: analytical issues," Economic Review, Federal Reserve Bank of Kansas City, vol. 81(Q IV), pages 5-24.

    More about this item

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksa:szemle:451. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Odon Sok (email available below). General contact details of provider: http://www.kszemle.hu .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.