Questionnaire on the MNB Bulletin

Dear Reader,

We should like to ask you to help us by completing the questionnaire below so that readers’ opinions and suggestions may be taken into consideration in the future editions of the Magyar Nemzeti Bank’s new periodical publication, first issued in 2006, the MNB Bulletin. Please send your completed questionnaire by fax to +36/1/428-2569 or by e-mail to [email protected]. Thank you for your contribution.

1. Have you heard of the MNB Bulletin? (More than one answer may be given) I haven’t heard of it. Yes, I received it in hard copy. Yes, I saw it on the MNB home page. Yes, I saw it on www.portfolio.hu. Other:

2. For what purpose do you use the publication? (More than one answer may be given) Acquiring and gathering general information. Analysis. As a source and background material in my work. School studies. Other:

3. What do you think about the contents of the June and December issues of the MNB Bulletin? On the whole the two issues contained interesting, varied topics. I only read one or two topics that interested me. There was nothing in them that interested me and so I only browsed through them.

4. Do you think the publication’s structure is appropriate? Yes. I would put in more, shorter articles. I would put in fewer articles with more detail/of greater length. I would expand on one topic in detail and give brief information about other issues. Other: ………………………

5. Do you think the articles are clear and easy to understand? Yes. No, I found the articles too technical. Other comment: ……………………

6. What do you think about the length of the articles in the Bulletin? The articles are not detailed enough; I would prefer to read more about the topics. The articles are the right length. The articles are too long.

7. Rate the article(s) you have read on a scale of 1 to 5 for topicality, interest and intelligibility. (1 = not at all topical/interesting/intelligible, 5 = very topical/interesting/intelligible)

Topica- Interest Intelligi- Title of article lity bility Katalin Bodnár: Survey evidence on the exchange rate exposure of Hungarian 5 5 5 SMEs Csaba Csávás - Lóránt Varga: Main characteristics of non-residents’ trading on the 5 5 5 foreign exchange and government bond markets

Gergely Kiss: Credit boom: equilibrium convergence or risky indebtedness? 5 5 5 Dániel Holló - Márton Nagy: Analysis of banking system efficiency in the European 5 5 5 Union Balázs Párkányi: Myths and maths: macroeconomic effects of fiscal adjustments in 5 5 5 Hungary Péter Gábriel - Klára Pintér: Whom should we believe? Information content of the 5 5 5 yield curve and analysts’ expectations Péter Gábriel - Ádám Reiff: The effect of the change in VAT rates on the consumer 5 5 5 price index Áron Gereben - M. Norbert Kiss: A brief overview of the characteristics of 5 5 5 interbank forint/euro trading M. Zoltán Jakab: Consequences of global imbalance corrections for Hungary 5 5 5 András Rezessy: Considerations for setting the medium-term inflation target 5 5 5 Dr. Valéria Széplaki: Reform of the Hungarian corporate insolvency regulation 5 5 5 and its financial stability aspects

8. What topics would you like to read about in the Bulletin? (More than one answer may be given) Monetary policy topics (e.g. inflation, interest rate policy, exchange rate policy, etc.) Analyses on general government budget Labour market analyses Financial stability topics (e.g. foreign currency lending, interest rate and exchange rate risks, liquidity risk, etc.) Banking system analyses Analyses of financial intermediaries other than banks (investment funds, pension funds, insurance companies, etc.) Analyses of financial markets (currency market, money market, government bond market) Financial products (options, futures, forward transactions, currency and interest swaps) Financial regulation analyses Payment turnover, payment systems (VIBER, TARGET), securities settlement systems (KELER) Statistical methods Other:

9. In what form do you read the Bulletin? Electronically, downloaded from the MNB’s home page. Downloaded and printed from the MNB’s home page. I receive a hard copy by post. I download it from www.portfolio.hu. Other: …………………….

10. In what form would you wish to receive the Bulletin in the future? In print. Electronically. Both.

11. How would you rate the Bulletin as regards its appearance? High-standard. Average. Below average.

12. Your age: Between 16-25 Between 26-50 Over 50

13. Your occupation: Economic analyst Journalist Researcher School or university student Teacher I work for a commercial bank I work in public administration I work for an international organisation or other central bank Other:

14. What other publication or online home pages related to central bank work do you read?

15. What other comments or suggestions do you have as regards the Bulletin?

Thank you for your assistance.