The Magyar Nemzeti Bank (MNB) is committed to making central bank analyses dealing with various topical economic and financial trends of general interest available to the wider public. With five articles, this publication is the second issue of the fourth volume of the MNB Bulletin. Focusing on topical issues of the Hungarian economy and central banking, the subjects discussed in this issue of the Bulletin ranges from the capital requirement of banks’ operational risk, the withdrawal of 1- and 2-forint coins from circulation and the rounding of prices to HUF 5 to the interconnection between domestic exports and the size of corporations and foreign ownership, the current challenges of quantifying interest rate expectations from market yields and Hungary’s sovereign risk.
The articles of this volume can be downloaded below:
Dániel Homolya: The impact of the capital requirements for operational risk in the Hungarian banking system
Erika Leszkó: Rounding is not to be feared
Zsuzsa Munkácsi: Who exports in Hungary? Export concentration by corporate size and foreign ownership, and the effect of foreign ownership on export orientation
Klára Pintér and György Pulai: Measuring interest rate expectations from market yields: topical issues
Lóránt Varga: Hungarian sovereign credit risk premium in international parison during the financial crisis
The complete volume can be downloaded here