Category Archives: Former issues

The external indebtness of developing countries

Bankers and politicians claim time after time that the debt crisis had come to an end and the normal mode of operation of the financial system had been restored. However, the facts deny this fake opti­mism. Although the position of most banks has been stabilised, for­eign debts represent a heavy burden on developing countries, with various types of economic, social, and environmental damage.

Hungary and the IMF

A double edge study, criticising, on the one hand, those considering the contracts between the IMF and Hungary a relationship free of politics and dependency, and, on the other hand, those who claim that the subordination of Hungary to external financial conditions represents some kind of conspiracy against the Hungarian nation. The author describes the evolution of the relationship between Hun­gary and the Fund, and reflects on the literature on external in­debtedness.