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The central bank and the financial stability in Hungary

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Petra Bohus

on 11 May 2017

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Transcript of The central bank and the financial stability in Hungary

The central bank and the financial stability in Hungary
The first independent central bank in Hungary
June 24, 1924
The introduction of the national currency
August 1, 1946.
Financial Stability Report
April 2007
solving equilibrium problems by new deficit mitigation measures
changing directions of fiscal policy, reducing risks in fiscal policy
the slowdown in growth, the decline in real income and the asymmetric nature of these processes.
the spread of household mortgage loans causing an increasingly vulnerable financial intermediary system
the market risk levels are low
the financial state of the banking system is stable
improving the working efficiency of the banking system, the risk competition between its participants strengthens
The effects of the global crisis in Europe
suffering growth potential
the sensible impact of rapidly rising unemployment
the fiscal deficits and debt continues to increase
asymmetric effects
potential implications of the crisis for the resolution of the global imbalances
Financial Stability Report
November 2010
mobilised unprecedented amount of resources to restore the economy and the financial markets across Europe
governmental plans of decreasing deficit could decrease the speed of economic recovery too
worsening and deteriorating risk assessment because of the unsuccessful negotiations with international institutions
the speed of fastening economic growth is affected by a lot of things and risks
positive aspects: employment growth, planned reduction of personal income tax and reduction of corporate tax
high reliance on foreign refinancing
bank tax
The pengő
The forint
The tasks of the National Bank of Hungary
to achieve and maintain price stability
it holds and manages official reserves in foreign currency and gold
the payment and settlement systems in the country
issues forint banknotes and coins
collects and publishes statistical information and setting and publishing official exchange rates
co-operation with institutions and the central banks of the European Union
it promotes the stability of the financial system

Financial Stability
Financial stability
is a state in which the financial system
, so the key financial markets and the financial institutional system
is resistant to economic shocks and is fit to smoothly fulfil its basic functions
: the intermediation of financial funds, management of risks and the arrangement of payments.

The National Bank of Hungary supports and strengthens financial stability with the resources at its disposal. As part of this activity, it publishes
Financial Stability Reports
every half years.

Main target: to inform the participants and users of the financial system about the actual issues of financial stability
Full transcript