Category: The Pros and Cons of a Weaker Currency – A Debate

The question of whether currency devaluation could or should be used as a tool to improve the competitiveness of the Hungarian economy crops up in public policy discussions in Hungary from time to time. In a broader context, the same issue also arises when considering whether an eventual accession to

One of the most common misunderstandings among those studying economic development theory has been the idea that a weak currency is beneficial for economic development. This old fallacy has regularly been resurrected by practitioners, who are usually found in ailing industries or unions, or among policy makers in search of

Given the acute challenges that Hungary is facing in the fifth year of the financial disturbances in Europe, one could argue that it is not topical to discuss the whys, ifs and hows of Hungary’s entry into the eurozone. The last time Hungary comfortably met even one entry condition of