Dear Guest! If you find an error on the page or you have any technical question please call the customer service center. Phone number is 06-80-203-776. The Central Bank of Hungary.




Dear Reader,

Welcome to our website! The Financial and Economic Review, edited and published by the Magyar Nemzeti Bank (the Central bank of Hungary), has become one of the most widely read economic and financial academic journals in Hungary, with a large readership also abroad, following a significant renewal of its content and format in recent years. Our quarterly journal is published in Hungarian and English and is rated B in the fields of economics and regional studies and C in the field of demography by the Hungarian Academy of Sciences. Our articles in English and Hungarian are included in the systems of MTMT and Matarka, in the REAL repository and in the Digital Object Identifier (DOI) system, and our English articles are also included in IDEAS/RePEc. We also publish an annual Chinese-language selection volume.

Our aim is to provide an opportunity for researchers, academics, lecturers, policy- and decision-makers who build on the foundations of both theoretical and practical economics, understanding the constantly changing economic processes, and analysing the economic and financial situation and performance of the East and Central European region. The journal is open exclusively to submissions for first publication of studies, essays, feature articles, book reviews and conference reports in the field of social sciences, including economics, finance in the broad sense (credit institutions, insurance and capital markets), management and organisation, and their boundaries of science.

Statistics for 2022 of our peer reviewed content:

  • Publication rate: 57.5%
  • Average publication time: 210 days 

We would be pleased to receive your questions and feedback concerning our journal, articles and website. We wish you a pleasant reading!



Financial and Economic Review, Vol. 22 Issue 3, September 2023


Start-Up Ecosystem: Proposals for Fuelling the Hungarian Start-Up Scene
András Havas - Levente Jánoskuti - Márta Matécsa - Tamás Vecsernyés - Kata Hörcsig
Our Vision (Essay), pp. 5-25.

Inflation Shocks and Disinflation: Stylised Facts from the Past 50 Years
Balázs Spéder - Balázs Vonnák
Study, pp. 26-47.

An Empirical Analysis of the Predictive Power of European Yield Curves
Marcell Péter Granát - Gábor Neszveda - Dorottya Szabó
Study, pp. 48-66.

Factors Shaping Euro and Forint Cash Holding Ratios - The Rise of Cash Demand for Savings Purposes from the Turn of the Millennium
Anikó Bódi-Schubert - Ildikó Ritzlné Kazimir
Study, pp. 67-96.

Horizontal and Vertical Value Creation in Bankrobotics and the AI-Washing Phenomenon
Alexandra Prisznyák
Study, pp. 97-122.

Estimating the Energy Demand of the Residential Real Estate Stock in Hungary Based on Energy Performance Certificate Data
Mónika Bene - Antal Ertl - Áron Horváth - Gergely Mónus - Judit Székely
Study, pp. 123-151.

A New Vision for Electronic Payments in Hungary - the Payments 2030 Strategy
Vivien Deák - Kristóf Takács
Feature article - Challenges of the 21st century, pp. 152-165.

A Retrospective on the Early Period of the German Social Market Economy
Bence Varga
Feature article - From the past to the future, pp. 166-172.

A Fascinating History of Chile's Economic Reforms and Reversals
David R. Henderson
Book review, pp. 173-180.

"State of the Art" Research on Bounded Rationality
Eyal Winter
Book review, pp. 181-182.

Budapest as Eurasia's Emerging Financial Hub - Report on the Budapest Renminbi Initiative Conference
Ildikó Nagy - Györgyi Puhl - Dávid Szabó - Dániel Szakács
Conference report, pp. 183-188.

Inflation in History
Pál Péter Kolozsi
Conference report, pp. 189-193.


Central Bank of Hungary 
H-1013 Budapest, Krisztina krt. 55.
Publisher in charge: Eszter Hergár 
ISSN 2415–9271 (Print)
ISSN 2415–928X (Online)
Phone: +36-1-428-2600
Fax: +36-1-429-8000


Financial and Economic Review (FER):


H-1013 Budapest, Krisztina krt. 55.

Phone: +36-1-428-2600

Fax: +36-1-429-8000

Data Processing

Ahogy majdnem minden honlappal rendelkező cég, az MNB is használ sütiket a weboldalain.Elfogadom

Ismerje meg a teljes GDPR-t. Elolvashatja nálunk az Adatvédelmi rendelet teljes szövegét magyarul.Elolvasom