http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem/ European Opinion Mon, 13 Feb 2012 07:39:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem/comment-page-1/#comment-18376 pampero Fri, 04 Jan 2008 20:44:43 +0000 http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem#comment-18376 Hungary has more tricks in its bag than you may think. After 1956, it got an excellent reputation amongst international bankers for repaying its loans on time, thus getting more favourable teerms in the euro-dollar market. The reason was that the national bank assistant chief executive, a man called Nemeth, had left Budapest for Vienna during the uprising with the "échéancier" of the bank, secured a loan from the Russian national bank and then phoned all of Hungary's creditors to tell them that despite the "difficulties", they would be repaid on time. Some 8-10 years later, international bankers got alarmed at the large credits Hungary was obtaining and they checked. They found that Hungary, taking advantage of the more favourable rates it enjoyed, was offering to secure the other eastern block countries loans at lower interest than they could get directly.... I was stationed in Budapest for a few months in 71 and even then, the Hungarians were living on credit. So they haven't as yet "de-Americanized" their ways Hungary has more tricks in its bag than you may think. After 1956, it got an excellent reputation amongst international bankers for repaying its loans on time, thus getting more favourable teerms in the euro-dollar market. The reason was that the national bank assistant chief executive, a man called Nemeth, had left Budapest for Vienna during the uprising with the “échéancier” of the bank, secured a loan from the Russian national bank and then phoned all of Hungary’s creditors to tell them that despite the “difficulties”, they would be repaid on time. Some 8-10 years later, international bankers got alarmed at the large credits Hungary was obtaining and they checked. They found that Hungary, taking advantage of the more favourable rates it enjoyed, was offering to secure the other eastern block countries loans at lower interest than they could get directly….
I was stationed in Budapest for a few months in 71 and even then, the Hungarians were living on credit. So they haven’t as yet “de-Americanized” their ways

]]> http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem/comment-page-1/#comment-18353 Books News » Blog Archive » Too Much Money Chasing Too Few People, Or Russia’s Current … Fri, 07 Dec 2007 08:23:33 +0000 http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem#comment-18353 [...] Too Much Money Chasing Too Few People, Or Russia’s Current …By Edward HughAccording to the Independent Institute of Socio-Political Studies, for example, only 36000 people are employed in the Republic of Ingushetia (17 percent of the working-age population, as compared to the Russian average of 74 percent …A Fistful Of Euros - http://fistfulofeuros.net [...] [...] Too Much Money Chasing Too Few People, Or Russia’s Current …By Edward HughAccording to the Independent Institute of Socio-Political Studies, for example, only 36000 people are employed in the Republic of Ingushetia (17 percent of the working-age population, as compared to the Russian average of 74 percent …A Fistful Of Euros – http://fistfulofeuros.net [...]

]]> http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem/comment-page-1/#comment-18351 Ken Burgin Thu, 06 Dec 2007 00:21:07 +0000 http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem#comment-18351 Thanks for the very detailed, and disturbing, analysis... Thanks for the very detailed, and disturbing, analysis…

]]> http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem/comment-page-1/#comment-18350 Global Voices Online » Russia: Inflation Wed, 05 Dec 2007 23:24:36 +0000 http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem#comment-18350 [...] Fistful of Euros points out “another reason why Russia should be in the news, its growing inflation problem.” Share [...] [...] Fistful of Euros points out “another reason why Russia should be in the news, its growing inflation problem.” Share [...]

]]> http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem/comment-page-1/#comment-18348 Davos Newbies » Blog Archive » The Russian inflation problem Wed, 05 Dec 2007 18:47:15 +0000 http://fistfulofeuros.net/afoe/economics-and-demography/too-much-money-chasing-too-few-people-or-russias-current-inflation-problem#comment-18348 [...] knew? A fascinating, lengthy analysis from economic demographer Edward Hugh at Fistful of Euros: The argument I will present is that the [...] [...] knew? A fascinating, lengthy analysis from economic demographer Edward Hugh at Fistful of Euros: The argument I will present is that the [...]

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