Template-Type: ReDIF-Article 1.0 Author-Name: Mihály Hoffmann Author-Email: hoffmannm@mnb.hu Author-Workplace-Name: Magyar Nemzeti Bank (the central bank of Hungary) Author-Name: Balázs Kóczián Author-Email: koczianb@mnb.hu Author-Workplace-Name: Magyar Nemzeti Bank (the central bank of Hungary) Author-Name: Péter Koroknai Author-Email: koroknaip@mnb.hu Author-Workplace-Name: Magyar Nemzeti Bank (the central bank of Hungary) Title: Developments in the external balance of the Hungarian economy: indebtedness and adjustment Abstract: Developments in Hungary’s external assets and external liabilities are particularly important in assessing the external vulnerability of the economy. Focusing mainly on the financing processes, this study presents an overview of the structure of the foreign funds between 1998 and 2012, and points out correlations between capital flows and real economy developments in Hungary. Classification-JEL: F32, F21, F34, E21 Keywords: balance of payments, current account, external adjustment, external debt, foreign direct investment Journal: MNB Bulletin Pages: 69-80 Volume: 8 Issue: Special Year: 2013 Month: October File-URL: http://www.mnb.hu/letoltes/hoffmann-koczian-koroknai.pdf File-Format: Application/pdf Handle: RePEc:mnb:bullet:v:8:y:2013:i:Special:p:69-80