Home High Above and Home Deep Down Below : Lending in Hungary

In Hungary in the pre-crisis period, the bank sector-initiated private credit boom significantly contributed to the accumulation of economic imbalances. Nevertheless, before the 2008 crisis no special regulatory measure was taken to mitigate the fo...

Full description

Bibliographic Details
Main Authors:	Banai, Adam, Kiraly, Julia, Nagy, Marton
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ASSET PRICES BAD DEBTS BALANCE SHEET BALANCE SHEETS BANK FINANCING BANKING MARKET BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKING SYSTEMS BRANCH NETWORK BROKERS BUDGET DEFICIT CAPITAL ADEQUACY CAPITAL MARKET CAPITAL MARKETS CAPITAL REGULATION CAPITAL REQUIREMENTS CASH OUTFLOW CENTRAL BANK COLLATERAL COMMERCIAL BANKING COMMERCIAL BANKS CONFLICT OF INTEREST COOPERATIVE CREDIT CREDIT BOOM CREDIT BOOMS CREDIT EXPANSION CREDIT FLOW CREDIT FLOWS CREDIT GROWTH CREDIT HISTORY CREDIT INSTITUTIONS CREDIT RISK CREDITORS CREDITWORTHINESS CRISIS LENDING CURRENCY CRISES CURRENT ACCOUNT DEFICIT DEBT DEBT SERVICE DEBT SERVICING DEBTORS DEBTS DEFAULT RATES DEPOSIT DEPOSIT INSURANCE DEPOSITS DEPRECIATION DERIVATIVES DEVALUATION DISBURSEMENT DISBURSEMENTS DOMESTIC BANKING DOMESTIC BANKING SYSTEM DOMESTIC BANKS DOMESTIC CURRENCY DOMESTIC MARKET ECONOMIC IMBALANCES ECONOMIC MODEL ECONOMIC RISKS EIB EMERGING MARKETS ENTRY BARRIER EQUILIBRIUM EQUILIBRIUM LEVEL EQUILIBRIUM LEVELS EQUILIBRIUMS EUROPEAN CENTRAL BANK EXCESS SUPPLY EXCHANGE RATE EXCHANGE RATE RISK EXCHANGE RATES EXCHANGE-RATE EXPLANATORY VARIABLES EXTERNAL FUNDING EXTERNAL INDEBTEDNESS EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL STABILITY FINANCING REQUIREMENT FLOW OF CREDIT FORECLOSURE FOREIGN ASSETS FOREIGN BANKS FOREIGN CURRENCY FOREIGN CURRENCY LENDING FOREIGN CURRENCY LOAN FOREIGN CURRENCY LOANS FOREIGN CURRENCY REVENUES FOREIGN EXCHANGE FOREIGN FUNDS FOREIGN INTEREST FOREIGN INTEREST RATES FOREIGN LOANS GOVERNMENT BONDS GOVERNMENT PAPERS GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROWTH RATE HOLDING HOME CURRENCY HOME EQUITY HOME EQUITY LOANS HOUSING INDEBTEDNESS INDIVIDUAL LOAN INFLATION INFORMATION ASYMMETRY INSURANCE INSURANCE COMPANIES INTERBANK MARKETS INTEREST RATE DIFFERENTIAL INTEREST RATE VOLATILITY INTEREST RATES INTEREST RATES ON LOANS INTEREST-RATE INTERNAL SAVINGS INTERNATIONAL BANK INTERNATIONAL FINANCIAL INSTITUTIONS ISSUANCE LABOR MARKET LACK OF TRANSPARENCY LEGISLATION LENDER LENDER OF LAST RESORT LENDERS LEVIES LEVY LIABILITY LIABILITY SIDE LIQUID ASSET LIQUID ASSETS LIQUIDITY LIQUIDITY CRISIS LIQUIDITY MANAGEMENT LIQUIDITY POSITION LIQUIDITY PROBLEMS LIQUIDITY RATIO LIQUIDITY RATIOS LIQUIDITY RISKS LOAN LOAN AGREEMENTS LOAN CONTRACT LOAN MARKET LOAN PORTFOLIO LOAN PORTFOLIOS LOAN PRODUCT LOAN PRODUCTS LOAN VOLUME LOANS FROM BANKS LOCAL BANKS LOCAL CURRENCY LONG-TERM LOANS MACROECONOMIC VARIABLES MARKET ENVIRONMENT MARKET PLAYERS MARKET SEGMENT MARKET SHARE MATURITY MATURITY MISMATCH MATURITY MISMATCHES MONETARY FUND MONETARY POLICY MONETARY REGIME MORTGAGE MORTGAGE BOND MORTGAGE BOND MARKET MORTGAGE BONDS MORTGAGE LENDING MORTGAGE LOAN MORTGAGE LOANS MORTGAGES MULTINATIONAL BANK MUNICIPAL BONDS NOMINAL INTEREST RATES NONPERFORMING LOANS OPEN ECONOMY OUTSTANDING AMOUNT PORTFOLIO QUALITY PORTFOLIOS PREPAYMENT PRIVATE CREDIT PRIVATIZATION PROBABILITY OF DEFAULT PROFITABILITY PRUDENTIAL SUPERVISION PUBLIC DEBT RAPID GROWTH REAL INTEREST REAL INTEREST RATE RECESSION REGULATORY AUTHORITIES RESERVE RESERVE RATIOS RESERVE REQUIREMENT RESERVE REQUIREMENTS RESERVES RETURN RISK EXPOSURE RISK FACTOR RISK MANAGEMENT RISK PREMIUM SECONDARY MARKETS SECURITIES STATE GUARANTEE STATE GUARANTEES STATE INTERVENTION STATE LOAN STOCK MARKET SUBSIDIARIES SUPERVISORY AUTHORITY SUPERVISORY POWER SWAP SWAP MARKET SWAPS SYSTEMIC RISK TAX TRADING TRANSACTION TRANSITION ECONOMY TRANSPARENCY UNCERTAINTY UNDERDEVELOPED CAPITAL MARKET UNSECURED LOANS VARIABLE INTEREST RATES
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111005153617 http://hdl.handle.net/10986/3600