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Individual Papers

Financial and Economic Review, Vol. 21 Issue 2, June 2022  Download / Read
Vivien Deák - László Kajdi - István Nemecskó - Tamás Végső: Time is Money: A Survey of the Social Cost of Payment Instruments. Study, pp. 5-36.  PDF
 Zita Fellner - Anna Marosi: Does the Past Haunt Us No More? How Proximity to Foreign Currency Lending Experience Affects Trust in the Banking System and Financial Literacy. Study, pp. 37-65. PDF
 Zsuzsanna Bártfai-Bora - Ádám Huszárik - Norbert Holczinger: Stability versus Volatility: Hungarian Experiences with the First Five Years of Solvency II Regarding Quantitative Elements. Study, pp. 66-93. PDF
 Máté Vörös - Zsófia Ásványi - Diána Ivett Fűrész: Evaluating Part-Time and Fixed-Term Employment Schemes by Employees Using the Example of a Financial Insurance Company. Study, pp. 94-124. PDF
 Krisztofer Szabó - Márta Aranyossy - Dóra Bárczy: From University Student to Entrepreneur - Factors Influencing the Entrepreneurial Intentions of Business Development MSc Students. Study, pp. 125-151. PDF
Magdolna Csath: Growth or Development Trap. Our Vision (Essay), pp. 152-174.  PDF
 Katalin Botos: What Can Posterity Learn from Irving Fisher? Essay, pp. 175-187. PDF
 Gábor P. Kiss - Katalin Szőke: A Shrimp between Fighting Whales: Lessons from the Economic Convergence of South Korea. Feature article - Challenges of the 21st century, pp. 188-197. PDF
 Gábor Meizer: Discussion Paper for the Sustainability-Oriented Renewal of Economics (Gergely Baksay - György Matolcsy - Barnabás Virág (eds.): Új fenntartható közgazdaságtan - Globális vitairat (New Sustainable Economics - Discussion Paper)). Book review, pp. 198-202.  PDF
 David R. Henderson: Good Reasoning on Global Warming (Steven E. Koonin: Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters). Book review, pp. 203-209. PDF
 Péter Fáykiss: How to Adapt to Technological Change in a Futureproof Way (Kevin Roose: Futureproof: 9 Rules for Humans in the Age of Automation). Book review, pp. 210-213. PDF
 Kitti Dióssy: Situation of Women in the FinTech Community (Nadia Edwards-Dashti: FinTech Women Walk the Talk: Moving the Needle for Workplace Gender Equality in Financial Services and Beyond). Book review, pp. 214-218. PDF
 Balázs Bence Kotró - Martin Márkus - Balázs Árpád Szűcs - Fanni Tóth: Report on the 12th Annual Financial Market Liquidity Conference. Conference report, pp. 219-223. PDF
Financial and Economic Review, Vol. 21 Issue 1, March 2022 Download / Read
Eszter Baranyai - Ádám Banai: Feeling the Heat: Mortgage Lending and Central Bank Options. Study, pp. 5-31. PDF
Renátó Ritter: Banking Sector Exposures to Climate Risks - Overview of Transition Risks in the Hungarian Corporate Loan Portfolio. Study, pp. 32-55. PDF
András Viktor Szabó: Credit Risk Modelling of Mortgage Loans in the Supervisory Stress Test of the Magyar Nemzeti Bank. Study, pp. 56-94. PDF
Eleonóra Tarpataki - Janka Filyó - Norbert László: Transition of Hungarian Companies to IFRS-based Reporting in Relation to Indicators Used in Credit Approval. Study, pp. 95-112. PDF
Pál Péter Kolozsi - Sándor Ladányi - András Straubinger: Measuring the Climate Risk Exposure of Financial Assets - Methodological Challenges and Central Bank Practices. Our Vision, pp. 113-140. PDF
Zoltán Hermann - Hedvig Horváth - Attila Lindner: Answering Causal Questions Using Observational Data - Achievements of the 2021 Nobel Laureates in Economics. Essay, pp. 141-163. PDF
Gábor Izsák - Alexandr Palicz - Katinka Szász - Balázs Varga: The Role of Data Assets in the Financial Sector. Feature Article - Challenges of the 21st century, pp. 164-173. PDF
Ádám Nyikes - István Papp - Péter Sajtos: Mounting Challenges and New Horizons for the Banking System. Feature Article - Market megatrends, pp. 174-183. PDF
Tamás Pál: Crisis Chronology of the Past 100 Years (Andrés Solimano: A History of Big Recessions in the Long Twentieth Century). Book Review, pp. 184-187. PDF
Marcell Horváth - Dávid Szabó - Eszter Boros: Eurasian Patterns for a Sustainable and Digital Future - Report on the Budapest Eurasia Forum 2021. Conference Report, pp. 188-195. PDF
Mária Bábosik: Report on the Symposium ‘Coping with New (and Old) Vulnerabilities in the Post-Pandemic World’. Conference Report, pp. 196-201. PDF
 Financial and Economic Review, Vol. 20 Issue 4, December 2021 Download / Read
Attila Bécsi - Gergely Bognár - Máté Lóga: The Growing Importance of the Economic Role of the Corporate Bond Market. Study, pp. 5-37. PDF
Emilia Németh-Durkó - Anita Hegedűs: Climate Change in the Capital Markets: A Study of Actively Managed Green Bond Funds. Study, pp. 38-64. PDF
Márta Somogyvári: Financial Exclusion in the Digital Payment Space. Study, pp. 65-85. PDF
Gabriella Grosz - Evelyn Herbert - Gábor Izsák - Katinka Szász: Issues Relating to the Creation of a Central Database to Support Statistical Property Valuations. Study, pp. 86-117. PDF
György Szapáry: Centripetal and Centrifugal Forces in the European Union. Our Vision, pp. 118-129. PDF
Elemér Terták: Reflections on the Essay ‘Thoughts on the Dilemma of When to Introduce the Euro in Hungary’ by Péter Gottfried. Our Vision, pp. 130-143. PDF
András Balogh: What Causes Inflation? - The Relationship between Central Bank Policies and Inflation. Feature Article - Challenges of the 21st century, pp. 144-156. PDF
Zsolt Becsey, Jr. - Áron Máté: Successful Convergence in the Visegrád Region: the Example of Czechia. Feature Article - Challenges of the 21st century, pp. 157-169. PDF
András G. Szabó - Koppány Nagy: Situation and Financing Capacity of the Hungarian Insurance Market. Feature Article - Market Megatrends, pp. 170-179. PDF
Géza Salamin: Urban Planning in an Economic Approach (Edward Glaeser: Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier). Book Review, pp. 180-185. PDF
Bence Varga: The “Old Lady of Threadneedle Street“ - The Bank of England and the Development of the British Banking System (Richard D. Richards: The Early History of Banking in England). Book Review, pp. 186-191. PDF
Ferenc Tóth - Pál Péter Kolozsi - Balázs Lóránt - Katalin Juhász: Report on Discussions at the 2021 Annual Congress of the Hungarian Economic Association on Finances, the Euro, Green Finance and Competitiveness. Conference Report, pp. 192-206. PDF
Veronika Mikes - Györgyi Puhl: Central Bank Digital Currency and the Role of the Renminbi after the Covid-19 Pandemic - Report on the Budapest Renminbi Initiative Conference. Conference Report, pp. 207-214. PDF
 Financial and Economic Review, Vol. 20 Issue 3, September 2021 Download / Read
Klaudia Rádóczy - Ákos Tóth-Pajor: Investors’ Reactions to Extreme Events in the Hungarian Stock Market. Study, pp. 5-30. PDF
Gosztonyi Márton: A Snapshot of the Ownership Network of the Budapest Stock Exchange. Study, pp. 31-58. PDF
Gabriella Merész - Norbert Holczinger - Koppány Nagy: Methodological Background of the New Motor Third-Party Liability Insurance Index of the Magyar Nemzeti Bank. Study, pp. 59-79. PDF
Kata Plöchl - Csilla Obádovics: Examination of Applicants for Home Purchase Subsidy for Families (HPS) in Terms of Prior Commitment to Having Children and Extent of Property Acquisition, Based on the Data of a Credit Institution. Study, pp. 80-109. PDF
Péter Gottfried: Thoughts on the Dilemma of When to Introduce the Euro in Hungary, Our Vision, pp. 110-126. PDF
Katalin Kis: What Happened in the Neighbour? The Past Decade of Romania’s Economic Convergence. Article - Challenges of the 21st century, pp. 127-137. PDF
Ádám Banai - Pál Péter Kolozsi - Sándor Ladányi: The Role of Gold in the Digital Age. Article - Market Megatrends, pp. 138-146. PDF
Levente Horváth - Alexandra Zoltai: Meeting Point of Great Powers: Southeast Asia (David Shambaugh: Where Great Powers Meet: America and China in Southeast Asia). Book Review, pp. 147-150. PDF
Ferenc Tóth: Overcoming Financial Exclusion - a Critical Look (Samuel Kirwan: Financial inclusion). Book Review, pp. 151-155. PDF
Balázs Sárvári: Humane Economics - from Adam Smith to Vernon Smith (Vernon L. Smith - Bart J. Wilson: Moral Sentiments and the Wealth of Nations for the Twenty-First Century). Book Review, pp. 156-159. PDF
Financial and Economic Review, Vol. 20 Issue 2, June 2021 Download / Read
Beáta Kocsis - László Seregdi: Expected Impact of the Introduction of the Leverage Ratio at the Hungarian and EU Level. Study, pp. 5-32. PDF
Vivien Deák - László Kajdi - István Nemecskó: Analysis of Retailer and Corporate Payment Habits. Study, pp. 33-59. PDF
Gábor Szigel: Procyclical Effects of IFRS 9 - Illustrated by a Simulation on the Hungarian Banking System. Study, pp. 60-90. PDF
Balázs Stempler: ESG Investing: The Use of ESG Ratings in a Smart Beta Strategy. Study, pp. 91-116. PDF
Barnabás Timár: How Does the Market Price Responsible and Sustainable Investments? Study, pp. 117-147. PDF
Laura Kromják: Bosnia and Herzegovina’s Economic Prospects and Historical Background. Essay, pp. 148-169. PDF
István Szilágyi: Information Sphere and International Relations in the Era of Big Data (Amaël Cattaruzza: Géopolitique des données numériques: Pouvoir et conflits a l’heure du Big Data). Book review, pp. 170-174. PDF
Balázs Ferkelt: Deepening Economic Integration in the European Union (Péter Halmai: Mélyintegráció. A Gazdasági és Monetáris Unió ökonómiája (Deepintegration. Economics of the Economic and Monetary Union)). Book review, pp. 175-179. PDF
Judit Burucs: Thoughts in 2020 on the Commemorative Book “Ten Years of the Vienna Initiative” (European Investment Bank: Ten Years of the Vienna Initiative). Book Review, pp. 180-187. PDF
Katalin Dobránszky-Bartus - Fanni Dudás - Zsolt Lakatos - Fanni Tóth: Report on the 11th Financial Market Liquidity Conference. Conference Report, pp. 188-192. PDF
Financial and Economic Review, Vol. 20 Issue 1, March 2021 Download / Read
Áron Drabancz - Gabriella Grosz - Alexandr Palicz - Balázs Varga: Experiences with the Introduction of a Payment Moratorium in Hungary. Study, pp. 5-42. PDF
Gergő Horváth: Corporate Credit Risk Modelling in the Supervisory Stress Test of the Magyar Nemzeti Bank. Study, pp. 43-73. PDF
Tamás Katona: Decentralized Finance - The Possibilities of a Blockchain “Money Lego” System. Study, pp. 74-102. PDF
János Müller - Ádám Kerényi: Searching for a Way Out of the Labyrinth of Digital Financial Innovations - The Trap of Regulatory Challenges in the Digital Financial System. Study, pp. 103-126. PDF
Péter Biró - Gyula Magyarkuti: The Work of Milgrom and Wilson in the Theory and Practical Application of Auctions, Essay, pp. 127-151. PDF
Gábor József Harkácsi - László Péter Szegfű: The Role of the Compliance Function in the Financial Sector in the Age of Digitalisation, Artificial Intelligence and Robotisation. Essay, pp. 152-170. PDF
Dániel Felcser: When Success is Not Good Enough (Dietrich Vollrath: Fully Grown: Why a Stagnant Economy Is a Sign of Success). Book Review, pp. 171-174. PDF
György Kocziszky: Between the Trauma of Trianon and Today: Thoughts on the Book The Economic History of Hungary for the Last 100 Years (Barnabás Virág (ed.): Trianon 100 - Tízszer tíz év számokban. Magyarország elmúlt 100 évének gazdaságtörténete (Trianon 100 - 10 x 10 Years in Numbers. The Economic History of Hungary for the Last 100 Years)). Book Review, pp. 175-178. PDF
Nóra Anna Sándor: How Can a State Become Sustainable? - Thoughts on Understanding One of the Key Challenges of the 21st Century (Chandran Nair: The Sustainable State - The Future of Government, Economy, and Society). Book Review, pp. 179-182. PDF
Katalin Botos: The Code of Capital (Katharina Pistor: The Code of Capital: How the Law Creates Wealth and Inequality). Book Review, pp. 183-187. PDF
Ferenc Tóth: Report on the Online ‘Lámfalussy Lectures Conference’ Held in January 2021. Conference Report, pp. 188-195. PDF
Renátó Ritter: Green Recovery from the Covid Pandemic - Report on the Online International Green Finance Conference in October 2020. Conference Report, pp. 196-199. PDF
 Financial and Economic Review, Vol. 19 Issue 4, December 2020 Download / Read
Gergely Kicsák - Dávid Benkő - Noémi Végh: Interest Savings of the Hungarian Budget between 2013 and 2019 in Comparison with Other EU Countries. Study, pp. 5-26. PDF
Tamás Borkó - Evelyn Herbert - Barnabás Székely - Péter Szomorjai: How Would the MNB’s Liquidity and Funding Requirements Have Influenced the Impact of the 2008 Crisis in Hungary? Study, pp. 27-59. PDF
Péter Fáykiss - Lívia Ónozó: Analysis of the Export Activity of Hungarian FinTech Companies. Study, pp. 60-82. PDF
Gábor Dávid Kiss - Gábor Zoltán Tanács - Edit Lippai-Makra - Tamás Rácz: Last Resort: European Central Bank's Permanent Engagement in Tackling Foreign Exchange Liquidity Disruptions in the Euro Area Banking System. Study, pp. 83-106. PDF
Eszter Boros: Risks of Climate Change and Credit Institution Stress Tests, Essay, pp. 107-131. PDF
Gábor Neszveda: Is Economic Growth a Goal, or a Means? (Katherine Trebeck - Jeremy Williams: The Economics of Arrival - Ideas of a Grown-Up Economy). Book Review, pp. 132-134. PDF
Pál Péter Kolozsi: Motivation and Cooperation (Bianka Parragh (ed.): Ösztönző állam - hatékonyabb vállalatok (Motivating State - More Efficient Companies)). Book Review, pp. 135-139. PDF
Bence Varga: Urban Development in China: A Regional Development Model with Challenges and Milestones (Juan Du: The Shenzhen Experiment: The Story of China’s Instant City). Book Review, pp. 140-144. PDF
Marcell Horváth - Patrik Pavlicsek - Nóra Anna Sándor - Péter István Szabó: Eurasian Cooperation in the Post-Pandemic Era - Report on the Budapest Eurasia Forum E-Conference. Conference Refort, pp. 145-156. PDF
Ferenc Tóth - Katalin Juhász - Bálint Danóczy: Report on the Sessions on Finance, Competitiveness and FinTech at the 2020 Virtual Annual Congress of the Hungarian Economic Association. Conference Report, pp. 157-168. PDF
Financial and Economic Review, Vol. 19 Issue 3, September 2020 Download / Read
Anna Boldizsár - Zalán Kocsis - Zsuzsa Nagy-Kékesi - Gábor Sztanó: FX Forward Market in Hungary: General Characteristics and Impact of the COVID Crisis. Study, pp. 5-51. PDF
Márk Szenes - Zsófia Dabi: Modelling Corporate Probability of Default - A Possible Supervisory Benchmark Model. Study, pp. 52-77. PDF
Norbert Kozma: Principles of Proportionality in Credit Institutions’ Operational Risk Management. Study, pp. 78-101. PDF
Gyula László Nagy - Zsombor Incze - Erik Landgraf: Mortgage Bank Refinancing - Proposals for Implementation of the European Covered Bond Directive in Hungary. Study, pp. 102-129. PDF
Róbert Hausmann: Transformation of Global Supply Chains in the Manufacturing Industry as a Result of the Coronavirus Pandemic. Essay, pp. 130-153. PDF
Bence Varga: The Relationship of European Banking and Financial Elites in a Historical Approach (Youssef Cassis - Giuseppe Telesca (eds.): Financial Elites and European Banking: Historical Perspectives). Book Review, pp. 154-159. PDF
Emese Kreiszné Hudák: Possible Answers to Hungary’s Demographic Challenges (Benda József - Báger Gusztáv (eds.): Jövőnk a gyermek - Adalékok a népessséggyarapodás társadalmi programjához I. (Our Future is the Child - Contributions to the Social Programme of Population Growth I)). Book Review, pp. 160-166. PDF
Financial and Economi c Review, Vol. 19 Issue 2, June 2020 Download / Read
Veronika Tengely: In Search of the Lost Balassa-Samuelson Effect - The Changing Role of Services in the 21st Century. Study, pp. 5-27. PDF
Miklós Losoncz - Csaba G. Tóth: Government Debt Reduction in the Old EU Member States: Is This TimeDifferent? Study, pp. 28-54. PDF
Gábor P. Kiss: Aggregate Fiscal Stabilisation Policy: Panacea or Scapegoat? Study, pp. 55-87. PDF
Zoltán Schepp - József Ulbert - Ákos Tóth-Pajor: The Effect of Investor Short-Termism on the Capital Demand of European Listed Firms. Study, pp. 88-106. PDF
Nedim Márton El-Meouch - Zita Fellner - Anna Marosi - Beáta Szabó - Ákos Urbán: An Estimation of the Magnitude and Spatial Distribution of Usury Lending.Study, pp. 107-132. PDF
András Balatoni: The Holy Trinity of Growth (Michael Best: How Growth Really Happens: The Making of Economic Miracles through Production, Governance and Skills). Book Review, pp. 133-136. PDF
Eszter Baranyai: Back to the Basics - What Are the Flaws in the Financial System? (Vedat Akgiray: Good Finance: Why We Need a New Concept of Finance). Book Review, pp. 137-140. PDF
Endre Morvay - Balázs Kotró - Martin Márkus - Zsolt Lakatos: Report on the 10th Annual Financial Market Liquidity Conference, Conference Report, pp. 141-144. PDF
Financial and Economic Review, Vol. 19 Issue 1, March 2020 Download / Read
György Matolcsy - Márton Nagy - Dániel Palotai - Barnabás Virág: Inflation in the Digital Age: Inflation Measurement and Bias in the 21st Century. Study, pp. 5-36. PDF
Kristóf Lehmann - Olivér Nagy - Zoltán Szalai - Balázs H. Váradi: Coordination(?) between the Branches of Economic Policy across the Euro Area. Study, pp. 37-64. PDF
László Kajdi - István Nemecskó: Regional Features of Card Payments in Hungary. Study, pp. 65-89. PDF
Tamás Végső: Comparative Analysis of the Changes in Cash Demand in Hungary. Study, pp. 90-118. PDF
Klára Major: Studying Poverty in Economics - The Work of the 2019 Nobel Prize Laureates. Essay, pp. 119-131. PDF
Gyöngyi Bugár - Márta Somogyvári: Bitcoin: Digital Illusion or a Currency of the Future? Essay, pp. 132-153. PDF
Balázs Világi: Changes in Macroeconomic Policy: Evolution versus Revolution (Olivier Blanchard - Lawrence H. Summers: Evolution or Revolution? - Rethinking Macroeconomic Policy After the Great Recession). Book Review, pp. 154-158. PDF
Ferenc Tóth: A Review of the Conditions of Euro Area Accession (Barnabás Virág (editor): Long-term Sustainability and the Euro: How to Rethink the Maastricht Criteria?). Book Review, pp. 159-163. PDF
Tamás Kristóf: The Impact of FinTech on the Future of Retirement Systems (Julie Agnew - Olivia S. Mitchell: The Disruptive Impact of FinTech on Retirement Systems). Book Review, pp. 164-167. PDF
Jiandong Shi: The Sky Won't Fall - The China-U.S. Trade War and Future Economic Relations (Lawrence J. Lau: The China-U.S. Trade War and Future Economic Relations). Book Review, pp. 168-173. PDF
Ferenc Tóth: Report on the Lámfalussy Lectures Conference Held in January 2020. Conference Report, pp. 174-187. PDF
Gábor Gyura: Climate Risks and Business Opportunities - Report on the International Green Finance Conference in Budapest, November 2019. Conference Report, pp. 188-191. PDF
Financial and Economic Review, Vol. 18 Issue 4, December 2019 Download / Read
János Müller - Ádám Kerényi: The Need for Trust and Ethics in the Digital Age - Sunshine and Shadows in the FinTech World. Study, pp. 5-34. PDF
Dániel Horn - Hubert János Kiss: Who Does Not Have a Bank Account in Hungary Today? Study, pp. 35-54. PDF
Péter Gábriel - Lóránt Kaszab: Laffer Curves for Hungary. Study, pp. 55-76. PDF
Attila Háda: Banking Supervisors Tracing the Transition to IFRS 9. Study, pp. 77-111. PDF
György Szapáry - Dániel János Plósz: Geopolitical Shifts in the Evolving New World Order. Essay, pp. 112-129. PDF
Gyöngyi Bugár: A Breakthrough Idea in Risk Measure Validation - Is the Way Paved for an Effective Expected Shortfall Backtest? Essay, pp. 130-145. PDF
Péter Csillik: America’s Post-Obama Foreign Policy Dilemmas (Hal Brands: American Grand Strategy in the Age of Trump). Book Review, pp. 146-150. PDF
Ferenc Tóth: Long-Term Sustainable Econo-Mix (Barnabás Virág (editor): Long-term sustainable econo-mix). Book Review, pp. 151-156. PDF
István Ábel: The Global Economy is in Danger: On the Book of György Szakolczai through the Lens of Post-Keynesian School (György Szakolczai: John Maynard Keynes, a nemzetközi gazdaság keynesi rendje és a Nemzetközi Valutaalap (John Maynard Keynes, the International Economic Order and the International Monetary Fund)). Book Review, pp. 157-165. PDF
Katalin Botos: Doing What Has to Be Done (Raghuram Rajan: I do what I do). Book Review, pp. 166-173. PDF
Ferenc Tóth - Judit Potóczki - Anikó Szombati: Report on the Session of the Money and Capital Market Section and on the Panel Discussion of the Innovation Section of the Annual Congress of the Hungarian Economic Association in 2019. Conference Report, pp. 174-184. PDF
Financial and Economic Review, Vol. 18 Issue 3, September 2019 Download / Read
György Matolcsy - Dániel Palotai: Hungary Is on the Path to Convergence. Study, pp. 5-28. PDF
István Ábel - Máté Lóga - Gyula Nagy - Árpád Vadkerti: Lifting the Veil on Interest. Study, pp. 29-51. PDF
Péter Fáykiss - Erzsébet-Judit Rariga - Márton Zsigó: Portfolio Cleaning of Problem Project Loans in Hungary - Experiences Related to the Systemic Risk Buffer, as a Targeted Macroprudential Instrument. Srudy, pp. 52-82. PDF
Bence Mérő: Novel Modelling of the Operation of the Financial Intermediary System - Agent-based Macro Models. Study, pp. 83-113. PDF
Laura Komlóssy - Gyöngyi Vargáné Körmendi: China in Search of Equilibrium - Transition Dilemmas of Growth and Stability. Essay, pp. 114-134. PDF
Dániel Felcser: Moral Economy - Beyond the Homo Oeconomicus (Samuel Bowles: The Moral Economy: Why Good Incentives are No Substitute for Good Citizens). Book Review, pp. 135-137. PDF
Pál Péter Kolozsi: Let Us Learn from Our Own History - Experiences from a Century and a Half of Public Finances (Csaba Lentner: Az állampénzügyek fejlődéstörténete Magyarországon a dualizmustól napjainkig (Evolution of Public Finances in Hungary, from the Age of Dualism to the Present Day)). Book Review, pp. 138-142. PDF
Tamás Nagy: Systemically into the Same Puddle - Foreign Currency Lending from Several Perspectives (Balázs Bodzási (editor): Devizahitelezés Magyarországon - A devizahitelezés jogi és közgazdasági elemzése (Foreign Currency Lending in Hungary - Legal and Economic Analysis of Foreign Currency Lending)). Book Review, pp. 143-150. PDF
János Barancsuk: Towards New Frontiers in Pricing (Gábor Rekettye - Jonathan Liu: Pricing - The New Frontier). Book Review, pp. 151-157. PDF
Katalin Botos: Report on the Pension and Children 2.0 Conference. Conference Report, pp. 158-163. PDF
Bence Varga: Report on the 2019 Conference of the Economic History Society. Concerence Report, pp. 164-166. PDF
Financial and Economic Review, Vol. 18 Issue 2, June 2019 Download / Read
Bálint Dancsik - Nedim Márton El-Meouch: Who Can Refinance? The Possibilities and Limitations of Market-based Refinancing in the Case of Mortgages with a Variable Interest Rate. Study, pp. 5-30. PDF
Dávid Andor Rácz: Comparison of Manipulation-proof Measures on Hungarian Data. Study, pp. 31-51. PDF
Máté Fain - Helena Naffa: Performance Measurement of Active Investment Strategies Using Pure Factor Portfolios. Study, pp. 52-86. PDF
László Csorba: Issues and Types of Adverse Selection and Negative Selection. Study, pp. 87-116. PDF
Péter Mihályi: Is Learning a Wonder Weapon of Endogenous Economic Growth? Essay, pp. 117-139. PDF
Alexandra Zoltai: World Order Transformation - Is the Future in Eurasia’s Hands? (Bruno Maçaes: The Dawn of Eurasia - On the Trail of the New World Order), Book Review, pp. 140-143. PDF
Katalin Tihanyi: Pillars and Prognoses - An Ethical Approach to Economics (György Kocziszky (editor): Etikus közgazdaságtan (Ethical Economics)). Book Review, pp. 144-151. PDF
Gábor Tamás: Collective Amnesia - Crises and Memories Thereof (György Kövér: A növekedés terhe. Krízisek - Csődök - Ciklusok (The Burden of Growth. Crises - Bankruptcies - Cycles)). Book Review, pp. 152-156. PDF
Tünde Mészáros: Report on the Budapest Renminbi Initiative 2019 Conference. Conference Report, pp. 157-161. PDF
Endre Morvay - Zsolt Lakatos - Zoltán Pollák - Csaba Kádár: Report on the 9th Annual Financial Market Liquidity Conference. Conference Report, pp. 161-166. PDF
 Financial and Economic Review, Vol. 18 Issue 1, March 2019 Download / Read
Ádám Kerényi - János Müller: Brave New Digital World? - Financial Technology and the Power of Information. Study, pp. 5-32. PDF
Dániel Béres: Integrity of Financial Benchmarks. Study, pp. 33-59. PDF
Eszter Balogh - Zsuzsa Kékesi - Balázs Sisak: Analysis of Households’ Investment Decisions Based on International Data. Study, pp. 60-87. PDF
Kira Muratov-Szabó - Kata Váradi: The Impact of Adverse Selection on Stock Exchange Specialists’ Price Quotation Strategy. Study, pp. 88-124. PDF
Dietmar Meyer: Optimising Nobel Prize Laureates, Essay, pp. 125-141. PDF
Júlia Gutpintér: Key to Understanding China, the Enigmatic Great Power (Yukon Huang: Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong). Book Review, pp. 142-146. PDF
Tamás Kristóf: The Future of the Financial Intermediary System in the Bank 4.0 World (Brett King: Bank 4.0 - Banking Everywhere, Never at a Bank). Book Review, pp. 147-150. PDF
Alexandra Pavelka: In Good Times Prepare for Crisis (Ira W. Lieberman: In Good Times Prepare for Crisis -From the Great Depression to Great Recession: Sovereign Debt Crises and Their Resolution). Book Review, pp. 151-154. PDF
Ferenc Tóth: Report on the 2019 Lámfalussy Lectures Conference. Conference Report, pp. 155-162. PDF
Katalin Botos: Report on the Conference on Famous Hungarian Economists of the 20th Century at Pázmány Péter Catholic University. Conference Report, pp. 163-166. PDF
 Financial and Economic Review, Vol. 17 Issue 4, December 2018 Download / Read
Eyno Rots: Business, Housing, and Credit Cycles - The Case of Hungary. Study, pp. 5-22. PDF
Máté Csiki - Gábor Dávid Kiss: Capital Market Contagion in the Stock Markets of Visegrád Countries Based on the Heckman Selection Model. Study, pp. 23-52. PDF
Ágnes Illés Belházy - Tamás Végső - Anikó Bódi-Schubert: An Analysis of the Payment Habits of Hungarian Micro, Small and Medium-sized Enterprises - In Focus: Cash Usage. Study, pp. 53-94. PDF
Hubert János Kiss: Depositors’ Behaviour in Times of Mass Deposit Withdrawals. Study, pp. 95-111. PDF
György Inzelt - Zsuzsa Szentes-Markhot - Gábor Budai: Monitoring of Banks' Risks Related to the Funding of Financial Enterprises. Study, pp. 112-139. PDF
Pál Péter Kolozsi: Time To Look at the State in a Different Way - Value Creation and Innovation in the 21st Century (Mariana Mazzucato: The Value of Everything: Making and Taking in the Global Economy). Book Review, pp. 140-145. PDF
Alexandr Maxim Palicz: Alternatives for Europe's Future (Joseph E. Stiglitz: The Euro: How a Common Currency Threatens the Future of Europe). Book Review, pp. 146-151. PDF
Kitti Vajda: A World Without Jobs (Martin Ford: Rise of the Robots: Technology and the Threat of a Jobless Future). Book Review, pp. 152-154. PDF
Ferenc Tóth - András Zsolt Szabics - Gábor Szarka: Report on the Sessions of the Finance, Competitiveness and Responsible Corporate Governance Sections of the Annual Congress of the Hungarian Economic Association in 2018. Conference Report, pp. 155-168. PDF
 Financial and Economic Review, Vol. 17 Issue 3, September 2018 Download / Read
Álmos Telegdy: Wage Inequality on the Hungarian Labour Market: Technological Change, Expansion in Higher Education and the Role of the Minimum Wage. Study, pp. 5-28. PDF
Gábor Hajnal - Nóra Szűcs: The Transparency of Credit Ratings - Reconstruction of Hungary's Sovereign Rating. Study, pp. 29-56. PDF
Eszter Balogh - Anna Boldizsár - Bence Gerlaki - Balázs Kóczián: Developments in the GDP-GNI Gap in Hungary and the CEE Region. Study, pp. 57-84. PDF
László Kajdi: Remittances - First Results of a New Survey. Study, pp. 85-108. PDF
Márta Somogyvári: Ethical Aspects of Intertemporal Discounting and the Social Discount Rate. Study, pp. 109-132. PDF
Gábor Tamás: Loans and Credits - Delving Deeply into History (György Kövér - Ágnes Pogány - Boglárka Weisz (eds): Magyar Gazdaságtörténeti Évkönyv 2017-2018. Hitel - Bank - Piac). Book Review, pp. 133-137. PDF
Gyöngyvér Szakál: How Will Technology Transform the Work of Human Experts? (Richard Susskind - Daniel Susskind: The Future of the Professions: How Technology Will Transform the Work of Human Experts). Book Review, pp. 138-141. PDF
Annamária Csiszér: Report on the East-West Cohesion II International Scientific Conference. Conference Report, pp. 142-145. PDF
Financial and Economic Review, Vol. 17 Issue 2, June 2018 Download / Read
György Matolcsy - Dániel Palotai: The Hungarian Model: Hungarian Crisis Management in View of the Mediterranean Way. Study, pp. 5-42. PDF
Péter Fáykiss - Dániel Papp - Péter Sajtos - Ágnes Tőrös:Regulatory Tools to Encourage FinTech Innovations: The Innovation Hub and Regulatory Sandbox in International Practice. Study, pp. 43-67. PDF
Péter Bauer - Marianna Endrész: Firm Dynamics and Aggregate Growth: The Case of Hungary. Study, pp. 68-98. PDF
Mihály Szoboszlai: Disaggregated Household Incomes in Hungary Based on the Comparative Analysis of the Reweighted Household Surveys of 2010 and 2015. Study, pp. 99-123. PDF
Nikolett Deutsch - Éva Pintér: The Link between Corporate Social Responsibility and Financial Performance in the Hungarian Banking Sector in the Years Following the Global Crisis. Study, pp. 124-145. PDF
Nikolett Kiss: Misbehaving - The Making of Behavioral Economics (Richard H. Thaler: Misbehaving: The Making of Behavioral Economics). Book Review, pp. 146-150. PDF
János Szakács: Fragile by Design: The Political Origins of Banking Crises (Charles. W. Calomiris - Stephen H. Haber: Fragile by Design: The Political Origins of Banking Crises). Book Review, pp. 151-155. PDF
Tünde Mészáros: Report on the Budapest Renminbi Initiative 2018 Conference. Conference Report, pp. 156-160. PDF
Endre Morvay - Zsolt Lakatos - Dávid Andor Rácz: Report on the 8th Annual Financial Market Liquidity Conference. Conference Report, pp. 161-165. PDF
Financial and Economics Review, Vol. 17 Issue 1, March 2018 Download / Read
István Magas: Financial Adjustment in Small, Open Economies in Light of the “Impossible Trinity” Trilemma. Study, pp. 5-33. PDF
Péter Fáykiss - Alexandr Palicz - János Szakács - Márton Zsigó: Experiences of Debt Cap Regulations in Hungarian Retail Lending. Study, pp. 34-61. PDF
Ádám Balog: Analysis of SME Segment Lending Processes in Light of Credit Guarantees in the European Union. Study, pp. 62-82. PDF
Tamás Ilyés - Lóránt Varga: Acceptance of Payment Cards by Retailers in Hungary Based on Data of On-line Cash Registers. Study, pp. 83-109. PDF
Gábor Kutasi - László György - Krisztina Szabó: Behavioural Factors in the Hungarian Retail Government Bond Market, Study, pp. 110-136. PDF
Tamás Bánfi: The Euro and the Euro Area: Flawed Construct or Unfit Members? Essay, pp. 137-152. PDF
Gábor Neszveda: The Contribution of Thaler to Behavioural Economics. Essay, pp. 153-167. PDF
Emília Kompaktor: A Unique Exploration of Public Good and Public Financial Management (Mária Bábosik: Vezetés a közjó szolgálatában. Közpénzügyi gazdálkodás és menedzsment). Book Review, pp. 168-172. PDF
Dániel Felcser: Map for Predicting Finances and Human Nature (Alan Greenspan: The Map and the Territory 2.0: Risk, Human Nature, and the Future of Forecasting). Book Review, pp. 173-176. PDF
Tamás Tóth - Dávid Benkő: Inequality and Economic Growth (Joseph E. Stiglitz: The Price of Inequality. How Today’s Divided Society Endangers Our Future). Book Review, pp. 177-184. PDF
Gergely Szabó: Report on the Lámfalussy Lectures Conference held on 12 February 2018. Conference Report, pp. 185-190. PDF
Financial and Economic Review, Vol. 16 Issue 4, December 2017 Download / Read
Petra Németh: The Life Cycle Model of the Fertility Choice in Hungary. Study, pp. 5-35. PDF
Éva Berde - Izabella Kuncz: Possible Paths for GDP Per Capita - Simulation with a Demographic Growth Model. Study, pp. 36-57. PDF
György Molnár - Gábor Dániel Soós - Balázs Világi: Fiscal Policy and the Business Cycle. Study, pp. 58-85. PDF
Dániel Havran - Péter Kerényi - Attila Víg: Trade Credit or Bank Credit? - Lessons Learned from Hungarian Firms between 2010 and 2015. Study, pp. 86-121. PDF
Gergely Lakos - Tibor Szendrei: Explanations of Asset Price Bubbles. Study, pp. 122-150. PDF
Gusztáv Báger: Operation of the International Monetary and Financial System - Structural Tensions of a “Non-system”. Essay, pp. 151-186. PDF
Mónika Kuti - Zsolt Bedő - Dorottya Geiszl: Equity-based Crowdfunding. Essay, pp. 187-200. PDF
Ákos Vajas: Presentation of the Hungarian Publications of the Magyar Nemzeti Bank Published between 1950 and 1990 from a Visual Communication Perspective. Essay, pp. 201-214. PDF
Gábor Kürthy: The Revolution of Money (Tamás Bánfi: A pénz forradalma. A pénzteremtés elmélete és gyakorlata). Book Review, pp. 215-218. PDF
Péter Tóth: Has the US Economy Lost Its Long-term Growth Potential? (Robert J. Gordon: Rise and Fall of the American Growth). Book Review, pp. 219-224. PDF
Dániel Papp: Impact of the Financial Crisis on the European Constitutional System (Kaarlo Tuori - Klaus Tuori: The Eurozone Crisis: A Constitutional Analysis). Book Review, pp. 225-228. PDF
Péter Domokos - Róbert Hausmann - Gábor Szarka: Report on the Competitiveness and Responsible Corporate Governance Section Workshops of the Hungarian Economic Association’s 2017 Itinerant Conference. Conference Report, pp. 229-238. PDF
Gábor Horváth: Report on the Digital Currencies International Conference. Conference Report, pp. 239-244. PDF
Erzsébet Czinger: The Future of Old-Age Provision - Demographic Change, Financial Services and Residential Property. International Expert Meeting Summary. Conference Report, pp. 245-247. PDF
 Financial and Economic Review, Vol. 16 Issue 3, September 2017 Download / Read
Péter Asztalos - Gábor Horváth - Štefan Krakovský - Tamás Tóth: Resolving Conflicts in Measuring Banking System Competitiveness - MNB Banking System Competitiveness Index. Study, pp. 5-31. PDF
Ádám Kerényi - Júlia Molnár: The Impact of the Fintech Phenomenon - Radical Change Occurs in the Financial Sector? Study, pp. 32-50. PDF
Tamás Szücs - József Ulbert: Role and Measurement of Fair Valuation in the Hungarian Credit Institution Sector. Study, pp. 51-73. PDF
Dóra Balog: Capital Allocation in the Insurance Sector. Study, pp. 74-97. PDF
Katalin Hartung: Optimal Resource Allocation at the Blue Economy Type of Firms. Study, pp. 98-118. PDF
Tamás Fülöp: “Resources in the Service of the Nation” - Alternative Options for the City Loan of 1925 and Its Spending. Essay, pp. 119-149. PDF
János Müller: Cycle Changing Years, Parallel Biographies (Levente Kovács - József Sipos: Ciklusváltó évek, párhuzamos életrajzok. Arcképek a magyar pénzügyi szektorból, 2014-2016), Book Review, pp. 150-155. PDF
Blanka Kovács: The Industries of the Future - Open Economies Have the Edge (Alec Ross: The Industries of the Future). Book Review, pp. 156-158. PDF
Tamás Troján: The End of Competitive Advantages - Keeping Corporate Strategy Moving (Rita Gunther McGarth: The End of Competitive Advantage - How to Keep Your Strategy Moving as Fast as Your Business). Book Review, pp. 159-162. PDF
Tamás Rózsás: Swiss Knife for Decision-Making (David R. Henderson - Charles L. Hooper: Making Great Decisions in Business and Life). Book Review, pp. 163-165. PDF
Miklós Losoncz - Ferenc Pongrácz - Gábor András Nick: Globalisation, Development and Sustainability - Report on the 18th World Congress of the International Economic Association. Conference Report, pp. 166-171. PDF
Pál Péter Kolozsi: What Can We Learn from the Large Banker Dynasties? - Report on the Annual Conference of EABH. Conference Report, pp. 172-176. PDF
Marcell László Tóth: Report on the (Our) Climate Affairs 2017 Conference. Conference Report, pp. 177-178. PDF
Financial and Economic Review, Vol. 16 Issue 2, June 2017 Letöltés / Olvasás
Orsolya Csortos - Balázs Kóczián: An Analysis of the Incomes and Current Personal Transfers of Hungarians Living Abroad. Study, pp. 5-27. PDF
Katalin Csaba-Kalló - Balázs Vajai: Experiences of the National Deposit Insurance Fund on the Age Composition of Depositors and on the Distribution of Deposit Amounts. Study, pp. 28-39. PDF
Norbert Czinkán: The Role of Individual Firms in Aggregate Fluctuations: Evidence from Hungary. Study, pp. 40-63. PDF
Csaba Lentner - Krisztina Szegedi - Tibor Tatay: Social Responsibility in the Operation of Central Banks. Study, pp. 64-85. PDF
Eszter Boros: Endogenous Imbalances in a Single Currency Area. Study, pp. 86-118. PDF
Marcell Béli - Kata Váradi: A Possible Methodology for Determining the Initial Margin. Study, pp. 119-147. PDF
Péter Medvegyev: Thoughts about the Life Work of Kenneth Arrow. Essay, pp. 148-155. PDF
Barna Fömötör - Anett Parádi-Dolgos - Zoltán Sipiczki: Behavioural Finance and Consumer Loan Contracts. Essay, pp. 156-169. PDF
Júlia Gutpintér: A Compass and Map for Changes (Norbert Csizmadia: Geomoment - Map of the exploration of the 21st century). Book Review, pp. 170-173. PDF
Katalin Botos: The Great Divide (Joseph E. Stiglitz: The Great Divide: Unequal Societies and What We Can Do About Them), Book Review, pp. 174-177. PDF
Erzsébet Németh: A Multidisciplinary Approach to Financial Culture (Levente Kovács - Elemér Terták: Financial Literacy Panacea or placebo? A Central European Perspective). Book Review, pp. 178-181. PDF
András Kómár: Accounting in a Nutshell (Christopher Nobes: Accounting - A Very Short Introduction). Book Review, pp. 182-187. PDF
Ivo Maes: Lectures of the Lamfalussy Conference:Presentation of the Book ‘Alexandre Lamfalussy - Selected Essays’. Conference Report, pp. 188-194. PDF
Zsanett Sütő: Report on the Budapest Renminbi Initiative Conference 2017. Conference Report, pp. 195-197. PDF
Gábor Meizer: Report on the Bank of Korea International Conference 2017. Conference Report, pp. 198-201. PDF
Financial and Economic Review, Vol. 16 Issue 1, March 2017 Download / Read
Csaba Csávás - Gabriella Csom-Bíró: Indicators Used for the Assessment of the Reserve Adequacy of Emerging and Developing Countries - International Trendsin the Mirror of Theories. Study, pp. 5-45. PDF
Gergely Kicsák: Developments in Government Interest Expenditure for Hungary, 2000-2015. Study, pp. 46-73 PDF
Márk Szenes - András Tomsics - Dávid Kutasi: Risks of Commercial Real Estate Financing Based on the Experiences of Supervisory Reviews. Study, pp. 74-91. PDF
Anett Pandurics - Péter Szalai: The Impact of Climate Change on the Insurance Sector. Study, pp. 92-118. PDF
János Rechnitzer - Róbert Hausmann - Tamás Tóth: Insight into the Hungarian Automotive Industry in International Comparison. Study, pp. 119-142. PDF
Bence Varga: Financial Supervision in Hungary between the Two World Wars. Study, pp. 143-161. PDF
László Á. Kóczy - Hubert János Kiss: Hart and Holmström’s Contributions to Contract Theory. Essay, pp. 162-174. PDF
Péter Gábriel: The Book that Predicted Trump’s Victory (Branko Milanovic: Global Inequality: A New Approach for the Age of Globalization). Book Review, pp. 175-178. PDF
Ádám Plajner: The Fed and the Financial Crisis (Ben S. Bernanke: The Federal Reserve and the Financial Crisis). Book Review, pp. 179-181. PDF
Attila Korencsi: Simplification, Efficient Governance (Cass Robert Sunstein: Simple(r) - The Future of Government). Book Review, pp. 182-187. PDF
Ferenc Tóth: The New Silk Road into the Future - Report on the Lámfalussy Lectures Conference of 23 January 2017. Conference Report, pp. 188-194. PDF
Péter Csóka - Dániel Havran: 7th Annual Financial Market Liquidity Conference. Conference Report, pp. 195-196. PDF
Financial and Economic Review, Vol. 16 Special Issue, January 2017 Download / Read
Barnabás Virág: Editorial Preface by the Editor-in-Chief, p. 5. PDF
Mária Csanádi: Chinese Power Structure and Its Transformation in Comparative Perspective. Study, pp. 7-20. PDF
Miklós Losoncz: The Dilemmas of China’s Shift in Growth Trajectory and Economic Governance. Study, pp. 21-49. PDF
Géza Rippel: China – Rebalancing and Sustainable Convergence. Study, pp. 50-72. PDF
Lilla Sarolta Balogh: Could China Be the Winner of the Next Industrial Revolution? Study, pp. 73-100. PDF
Laura Komlóssy – Gyöngyi Körmendi – Sándor Ladányi: The Road to a Market-Oriented Monetary Policy and the “New Normal” Monetary Policy Regime in China. Study, pp. 101-125. PDF
Bence Varga: Current Challenges Facing Chinese Financial Supervision and Methods of Handling these Challenges. Study, pp. 126-139. PDF
László Kajdi: A Western Diet with Chinese Spices – The Specificities of Payments in China. Study, pp. 140-169. PDF
Tamás Gerőcs: Challenges of Internationalisation from the Perspective of the Chinese Currency. Essay, pp. 170-185. PDF
János Müller – Levente Kovács: Hungary’s Link to Financial Cooperation with Asia. Essay, pp. 186-193. PDF
Chinese Abstracts, pp. 194-196. PDF
Financial and Economic Review, Vol. 15 Issue 4, December 2016 Download / Read
Ákos Aczél - Ádám Banai - András Borsos - Bálint Dancsik: Identifying the determinants of housing loan margins in the Hungarian banking system. Study, pp. 5-44. PDF
Áron Horváth - Blanka Imre - Zoltán Sápi: The International Practice of Statistical Property Valuation Methods and the Possibilities of Introducing Automated Valuation Models in Hungary. Study, pp. 45-64. PDF
András László: Impact of the Funding for Growth Scheme on the Hungarian economy. Study, pp. 65-87. PDF
Zsuzsanna Bora - Norbert Holczinger - Koppány Nagy - Gabriella Merész: The insurance sector at a milestone: positive initial experiences with the newly introduced Solvency II system. Study, pp. 88-114. PDF
Anna Boldizsár - Zsuzsa Kékesi - Balázs Kóczián - Balázs Sisak: The Wealth Position of Hungarian Households based on HFCS. Study, pp. 115-150. PDF
Balázs Fazekas: Value-Creating Uncertainty - A Real Options Approach in Venture Capital. Study, pp. 151-166. PDF
Balázs Világi: Systemic financial crises (Gary B. Gorton: Misunderstanding Financial Crises -Why We Don’t See Them Coming). Book Review, pp. 167-170. PDF
Sára Farkas: Growth differently - a bio-dynamic economic model (John Thackara: How to Thrive in the Next Economy). Book Review, pp. 171-173. PDF
János Szakács: The king has no clothes - the reality behind number (Charles Wheelan: Naked Statistics: Stripping the Dread from the Data). Book Review, pp. 174-177. PDF
Barnabás Virág: Structural reforms for increasing competitiveness -Report on the annual conference of the Global Forum on Productivity (7-8 July 2016, Lisbon). Conference Report. pp. 178-183. PDF
Financial and Economic Review, Vol. 15 Issue 3, September 2016 Download / Read
Krisztina Földényi Láhm - András Kómár - Antal Stréda - Róbert Szegedi: Bank resolution as a new MNB function - resolution of MKB Bank. Study, pp. 5-26. PDF
János Kálmán: Administrative law aspects of the macroprudential regulation and supervision of the financial intermediary system - normativity, organisation, toolkit. Study, pp. 27-50. PDF
György Inzelt - Gábor Szappanos - Zsolt Armai: Supervision by robust risk monitoring - a cycle-independent Hungarian corporate credit rating system. Study, pp. 51-78. PDF
Ádám Banai - Szilárd Erhart - Nikolett Vágó - Péter Varga: How to set listing criteria for small and medium-sized enterprises in Hungary? Study, pp. 79-109. PDF
Júlia Gutpintér: The Inequality of Globalisation (François Bourguignon: The Globalization of Inequality; transl. by Thomas Scott-Railton). Book Review, pp. 110-113. PDF
Attila Korencsi: Europe in trouble - Does the European Union promote or hinder the success of Europe today? (Roger Bootle: The Trouble with Europe - Why the EU Isn’t Working, How It Can Be Reformed, What Could Take Its Place). Book Review, pp. 114-118. PDF
Ádám Kerényi: Studies on the soft budget constraint syndrome, on innovation and great economic systems in honour of János Kornai’s birthday (Constraints and Driving Forces in Economic Systems: Studies in Honour of János Kornai Edited by: Balázs Hámori and Miklós Rosta). Book Review, pp. 119-126. PDF
Dániel Felcser: Lessons of the financial crisis (Martin Wolf: The Shifts and the Shocks: What We’ve Learned - and Have Still to Learn - from the Financial Crisis). Book Review, pp. 127-130. PDF
Gergely Fábián: Creative strategy (William Duggan: Creative Strategy: A Guide for Innovation). Book Review, pp. 131-133. PDF
Gábor Meizer: Competitiveness and Growth Forum - Report on the first professional event of the Hungarian Economic Association (HEA). Conference Report, pp. 134-145. PDF
Nóra Kiss: Report on the summer session and annual seminar of the International Association of Insurance Supervisors (IAIS) held in Budapest. Conference Report, pp. 146-150. PDF
Boglárka Zsótér: Focus on financial service providers - Report on the 2nd Services Marketing Conference. Conference Report, pp. 151-153. PDF
 Financial and Economic Review, Vol. 15 Issue 2, June 2016 Download / Read
György Matolcsy - Dániel Palotai: The interaction between fiscal and monetary policy in Hungary over the past decade and a half. Study, pp. 5-32. PDF
István Ábel - Kristóf Lehmann - Attila Tapaszti: The controversial treatment of money and banks in macroeconomics. Study, pp. 33-58. PDF
Anna Boldizsár - Zsuzsa Kékesi - Péter Koroknai - Balázs Sisak: Review of Hungarian EU transfers - at the border of two fiscal periods. Study, pp. 59-87. PDF
Zsanett Sütő - Tamás Tóth: Key features of the Chinese bond market. Study, pp. 88-113. PDF
Dániel Homolya: Risk management approaches and bank size. Study, pp. 114-128. PDF
Tamás Ilyés - Lóránt Varga: Macroeconomic effects of the increase of electronic retail payments - A general equilibrium approach using Hungarian data. Study, pp. 129-152. PDF
Erzsébet Németh - Dániel Béres - Katalin Huzdik - Boglárka Zsótér: Financial personality types in Hungary - research methods and results. Study, pp. 153-172. PDF
György Németh: About ageing - for economists. Discussion, pp. 173-180. PDF
Stefan A. Musto: Core-Periphery Relations in the European Union - Power and Conflict in a Dualist Political Economy (J. M. Magone - B. Laffan - C. Schweiger (Eds.): Core-Periphery Relations in the European Union - Power and Conflict in a Dualist Political Economy). Book Review, pp. 181-187. PDF
Zsigmond Pálvölgyi: The future is spontaneous, yet predictable (Albert László Barabási: Bursts - The Hidden Patterns Behind Everything We Do, from Your E-mail to Bloody Crusades). Book Review, pp. 188-190. PDF
Antal Mester: India - The contradictions of economic growth (Jean Dreze - Amartya Sen: An Uncertain Glory - India and its Contradictions). Book Review, pp. 191-193. PDF
Viktor Eszterhai: China's secret strategy to replace the USA (Michael Pillsbury: The Hundred-Year Marathon: China's Secret Strategy to Replace America as the Global Superpower). Book Review, pp. 194-196. PDF
Palicz Alexandr Maxim: European Spring: Why Our Economies and Politics are in a Mess - and How to Put Them Right? (Philippe Legrain: European Spring: Why Our Economies and Politics are in a Mess - and How to Put Them Right?). Book Review, pp. 197-202. PDF
Márton Teremi: Stock Exchange Development and Growth - Report on the lessons from the capital market conference of the Budapest Stock Exchange (BSE) and the Association of Hungarian Economists (AHE). Conference Report, pp. 203-207. PDF
Péter Csóka - Dániel Havran - Kata Váradi: Conference on financial market liquidity - Report on the 6th Annual Financial Market Liquidity Conference (AFML 2015). Conference Report, pp. 208-209. PDF
Financial and Economic Review, Vol. 15 Issue 1, March 2016 Download / Read
Imre Ligeti - Zsolt Szőrfi: Methodological issues of credit rating - Are sovereign credit rating actions reconstructible? Study, pp. 7-32. PDF
Gyöngyi Bugár - Anita Ratting: Revision of the quantification of market risk in the Basel III regulatory framework. Study, pp. 33-50. PDF
Ágnes Csiszárik-Kocsir: Transformation of the international and European project finance market as a result of the crisis. Study, pp. 51-69. PDF
László Zoltán Kucséber: Before and after acquisition in Hungary: focus on working capital management. Study, pp. 70-90. PDF
Zoltán Zubor: Volatility capital buffer to prevent the breach of the Solvency II capital requirements. Study, pp. 91-123. PDF
Bence Varga: The Pénzintézeti Központ was established 100 years ago. Study, pp. 124-144. PDF
Judit Ricz: Cutting Edge Debates in Comparative Capitalisms Research (Ebenau, Matthias - Bruff, Ian - May, Christian (Eds.) (2015): New Directions in Comparative Capitalisms Research: Critical and Global Perspectives). Book Review, pp. 145-148. PDF
Viktória Németh: Is it possible to live a happy life in a value-neutral world? (Jonathan Haidt: The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom). Book Review, pp. 149-151. PDF
Sára Farkas: A small monograph of big cities - The logic behind the regional foundations of growth (Bálint Filep: A nagyvárosok az európai és a magyar területi politikában - Big cities in European and Hungarian regional policy). Book Review, pp. 152-154. PDF
Gábor Gyura: Bull by the Horns — Persistent dilemmas of the banking system and the tightness of reins (Sheila Bair: Bull by the Horns - Fighting to Save Main Street from Wall Street and Wall Street from Itself). Book Review, pp. 155-157. PDF
István Ábel: Europe needs a new social contract - Lessons from the Lámfalussy Lecture Conference of 2016. Conference Report, pp. 158-164. PDF
Olivér Kovács: Member State Integration Models - New Dimensions of Economic Governance in the European Union. Conference Report, pp. 165-169. PDF
Levente Kovács: New Silk Road - New Possibilities - Report on the Boao Forum for Asia Financial Cooperation Conference. Conference Report, pp. 170-176. PDF
Anikó Paróczai - Zsuzsanna Bényei: Many Facets of Institutions - 1st Debrecen Workshop on Institutional Analysis. Conference Report, pp. 177-182. PDF
Erzsébet Tasi: Catching Up or Lagging Behind? The Hungarian Economy a Quarter of a Century after the Political Transformation - Report on the Conference of the Pázmány Péter Catholic University. Conference Report, pp. 183-188. PDF
Financial and Economic Review, Vol. 14 Issue 4, December 2015 Download / Read
Szabolcs Szentmihályi - Balázs Világi: The Phillips curve - history of thought and empirical evidence. Study, pp. 5-28. PDF
Orsolya Csortos - Zoltán Szalai: Possible explanations of the low inflation environment and restrained investment activity. Study, pp. 29-56. PDF
László Seregdi - János Szakács - Ágnes Tőrös: Micro- and macroprudential regulatory instruments compared across the European Union. Study, pp. 57-86. PDF
Annamária Madarász - Zsuzsanna Novák: Level of interest rates in the light of the changing interest rate policy in Hungary between 1924 and 2015 - How did the central bank base rate get to its historic low levels? Study, pp. 87-109. PDF
Péter Kalmár - Zoltán Zéman - János Lukács: Bank controlling with a marketing attitude - applied statistics in the service of controlling. Study, pp. 110-125. PDF
László Bodnár - Miklós Luspay - Cecília Pintér: Timing characteristics of overnight unsecured interbank transactions in VIBER. Study, pp. 126-156. PDF
Péter Csillik: A world of debt. Essay and Review, pp. 157-160. PDF
Róbert Lieli - Dóra Piroska: Central banks and the labour market - an alternative interpretation of the euro area crisis (Bob Hancké: Unions, Central Banks, and EMU: Labour Market Institutions and Monetary Integration in Europe). Book Review, pp. 161-163. PDF
Norbert Szijártó: Euro Crash - How Asset Price Inflation Destroys the Wealth of Nations (Brendan Brown: Euro Crash - How Asset Price Inflation Destroys the Wealth of Nations). Book Review, pp. 164-169. PDF
Eszter Mikó: Hungary in the changing world (Mihály Patai - László Parragh - Csaba Lentner: Hungary in the changing world). Book Review, pp. 170-174. PDF
Ádám Éva: Genocide in Africa: Inertia or Indifference (Zsuzsánna Biedermann: Genocide and destabilisation in the African Great Lakes Region). Book Review, pp. 175-177. PDF
Norbert Varga: Key concepts of the philosophy of Mohandas Karamchand Gandhi (Dezső Szenkovics: Key concepts of the philosophy of Mohandas Karamchand Gandhi). Book Review, pp. 178-183. PDF
Tamás Rózsás: Future of the banking sector in the Central and Eastern European region - Report on the joint conference of the Hungarian Economic Association and the Magyar Nemzeti Bank. Conference Report, pp. 184-187. PDF
Financial and Economic Review, Vol. 14 Issue 3, September 2015 Download / Read
Orsolya Csortos - Zoltán Szalai: Difficulties in the management of the global financial crisis: academic and economic policy lessons. Study, pp. 5-38. PDF
Dániel Felcser - Gábor Dániel Soós - Balázs Váradi: The impact of the easing cycle on the Hungarian macroeconomy and financial markets. Study, pp. 39-59. PDF
Pál Péter Kolozsi - Ádám Banai - Balázs Vonnák: Phasing out household foreign currency loans: schedule and framework. Study, pp. 60-87. PDF
Domicián Máté: An analysis of the determinants of labour productivity in financial sectors in the context of intellectual property rights. Study, pp. 88-105. PDF
Anita Lovas - János Pereczes - Viktória Rába: Incentives and restrictions in venture capital contracts. Study, pp. 106-121. PDF
László Bodnár - László Delikát - Bence Illés - Ádám Szepesi: Savings cooperatives + integration = More efficient payment services? Study, pp. 122-146. PDF
Niall Ferguson: The Great Degeneration in Brief: European and Hungarian perspectives. Essay, pp. 147-156. PDF
István Kőrösi: Prospects for Growth (Péter Halmai: Krízis és növekedés az Európai Unióban - Európai modell, strukturális reformok. Crisis and Growth in the European Union - European Model, Structural Reforms). Book Review, pp. 157-163. PDF
Éva Henger: New Directions - Redefining the Human Intellect in View of Technological Progress (Clive Thompson: Smarter Than You Think - How Technology is Changing Our Minds for the Better). Book Review, pp. 164-165. PDF
Péter Bauer: Governing the World - A Book On How International Organisations were Formed (Mark Mazower: Governing the World - The History of an Idea). Book Review, pp. 166-167. PDF
Csilla Zakar: The Smartest Kids in the World (Amanda Ripley: The Smartest Kids in the World: And How They Got That Way). Book Review, pp. 168-169. PDF
Gábor Pellényi: The History of Neoliberalism: From Birth to Glory (Daniel Stedman Jones: Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics). Book Review, pp. 170-172. PDF
Mária Bábosik: The Advantages of Disadvantages - Succeeding in Difficult Situations (Malcolm Gladwell: David & Goliath - Underdogs, Misfits and the Art of Battling Giants). Book Review, pp. 173-175. PDF
Miklós Duray: The Bible, If Read at the Right Time, Even Makes the Koran Easier to Understand (Norbert Varga: A Biblia és a Korán politika és gazdaságképe - Politics and Economics in the Bible and the Koran). Book Review, pp. 176-183. PDF
Bianka Parragh: The Right Way Ahead - It Will Become Part of the Curriculum… (György Matolcsy: Egyensúly és növekedés - Konszolidáció és stabilizáció Magyarországon 2010-2014 - Equilibrium and Growth - Consolidation and Stabilisation in Hungary 2010-2014). Book Review, pp. 184-186. PDF
Tamás Rózsás: The Tricks of the Trade of Central Bank Governance - Report on the Central Banking Conference on the Governance of Central Banks. Conference Report, pp. 187-189. PDF
Financial and Economic Review, Vol. 14 Issue 2, June 2015 Download / Read
J. Michael Orszag - Peter R. Orszag: Labor’s Share in Hungary. Study, pp. 5-24. PDF
Tamás Ilyés - Lóránt Varga: Show me how you pay and I will tell you who you are - Socio-demographic determinants of payment habits. Study, pp. 25-61. PDF
Dániel Horváth - Eszter Makay: Analysis methodology of interbank reference rates - International trends and the results of the first Hungarian annual statistical analysis for 2014. Study, pp. 62-88. PDF
Emese Kreiszné Hudák - Péter Varga - Viktor Várpalotai: The macroeconomic impacts of demographic changes in Hungary in the context of the European Union. Study, pp. 89-127. PDF
Ádám Banai - András Kollarik - András Szabó-Solticzky: Topology of the foreign currency/forint swap market. Study, pp. 128-157. PDF
József Golovics: Bounded rationality and altruism: behaviourism in economics. Essay and Review, pp. 158-172. PDF
Tamás Rózsás: The leaven of growth. Essay and Review, pp. 173-174. PDF
József Banyár: Response to the comment of András Simonovits. Discussion, pp. 175-178. PDF
György Dávid Csikós: Why and how we cheat? (Dan Ariely: The (Honest) Truth About Dishonesty (How we lie to everyone - especially ourselves)). Book Review, pp. 179-181. PDF
Zsolt Kovalszky: The Death of Money (Jim Rickards: The Death of Money - The coming collapse of the international monetary system). Book Review, pp. 182-183. PDF
Attila Méhes: The economic curse of great powers - Is US dominance threatened? (Glenn Hubbard - Tim Kane: Balance - The economics of great powers from ancient Rome to modern America). Book Review, pp. 184-185. PDF
Róbert Rékási: Is China a real world power? (David Shambaugh: China Goes Global - Partial Power). Book Review, pp. 186-188. PDF
Tamás Rózsás: Invisible predators (Michael Lewis: Flash Boys - A Wall Street Revolt). Book Review, pp. 189-190. PDF
Zoltán Siklósi-Dutkay: Situations at the time of political changes (Adam Burakowski - Aleksander Gubrynowicz - Pawel Ukielski: 1989 - The Final Days of the Communist Regime in East-Central Europe). Book Review, pp. 191-193. PDF
Zsigmond Pálvölgyi: Money should stay the means, not the end (Andrea Tornielli - Giacomo Galeazzi: Pope Francis: This Economy Kills). Book Review, pp. 194-196. PDF
Norbert Szijártó: Thoughts about the euro-area crisis (Lorenzo Bini Smaghi: Austerity - European democracies against the wall). Book Review, pp. 197-202. PDF
Financial and Economic Review, Vol. 14 Issue 1, March 2015 Download / Read
András Bethlendi: Bad product development results in systemic market failure - Foreign currency mortgage loans to Hungarian households. Study, pp. 5-30. PDF
Zsuzsánna Biedermann - Ágnes Orosz: Diverging financial regulation after the crisis? A comparison of the EU’s and the United States’ responses. Study, pp. 31-55. PDF
Máté Vona: International Trends in Student Lending. Study, pp. 56-78. PDF
Zsuzsa Kékesi - Balázs Kóczián - Balázs Sisak: The role of household portfolio restructuring in financing of the general government. Study, pp. 79-110. PDF
Dániel Horváth - Róbert Szini: The safety trap - the financial market and macro-economic consequences of the scarcity of low-risk assets. Study, pp. 111-138. PDF
Szilárd Erhart - Róbert Mátrai: The most important steps of BUBOR reforms led by the Central Bank of Hungary in an international comparison. Study, pp. 139-165. PDF
Péter Császár: Four hours is actually how many hours? - The actual time required for intraday transfers. Study, pp. 166-192. PDF
András Simonovits: A brief commentary on József Banyár’s OLG-paper. Discussion, pp. 193-197. PDF
Mária Bábosik: A Europe unifying in the midst of 21st century challenges (Anthony Giddens: Turbulent and Mighty Continent - What Future for Europe?). Book Review, pp. 198-201. PDF
Sára Farkas: Banking regulation Fine Tuned (Anat Admati - Martin Hellwig: The Bankers’ New Clothes). Book Review, pp. 202-204. PDF
Dániel Felcser: East Asian Development: Foundations and Strategies (Dwight H. Perkins: East Asian Development: Foundations and Strategies). Book Review, pp. 205-207. PDF
Júlia Gutpintér: Inequalities Reloaded (Thomas Piketty: Capital in the Twenty-First Century). Book Review, pp. 208-210. PDF
Zoltán Horváth: The Crisis of Our Institutions of Our Time (Niall Ferguson: The Great Degeneration - How Institutions Decay and Economies Die). Book Review, pp. 211-213. PDF
Ernő Huszti: Foreign currency loan dependency and consolidation (Csaba Lentner (Ed.): Devizahitelezés nagy kézikönyve). Book Review, pp. 214-218. PDF
Dániel Módos: When the music is over (Alan S. Blinder: After the music stopped: The Financial Crisis, the Response and the Work Ahead). Book Review, pp. 219-221. PDF
Róbert Rékási: The human decision-making processes (C. Thomas Howard: Behavioral Portfolio Management). Book Review, pp. 222-224. PDF
Tamás Rózsás: For-profit education in developing countries (James Tooley: The Beautiful Tree: A Personal Journey Into How the World’s Poorest People are Educating Themselves). Book Review, pp. 225-227. PDF
Orsolya Vida: Earthmoving migration (Paul Collier: Exodus - How Migration is Changing Our World). Book Review, pp. 228-231. PDF
István Ábel: New narrative for Europe (A report on the Lamfalussy Conference). Conference Report, pp. 232-235. PDF
Katalin Lencsés: What lies ahead for insurance companies? (Review of the V. International Insurance Conference of the Association of Hungarian Insurance Companies (MABISZ)). Conference Report, pp. 236-240. PDF
Financial and Economic Review, Vol. 13 Issue 4, December 2014 Download / Read
György Matolcsy: Foreword, pp. 5-10. PDF
Ádám Balog - György Matolcsy - Márton Nagy - Balázs Vonnák: Credit crunch in Hungary between 2009 and 2013: is the creditless period over? Peer-reviewed Paper, pp. 11-34. PDF
István Ábel - Orsolya Csortos - Kristóf Lehmann - Annamária Madarász - Zoltán Szalai: Inflation targeting in the light of lessons from the financial crisis. Peer-reviewed Paper, pp. 35-56. PDF
Katalin Bodnár - Zsolt Kovalszky - Emese Kreiszné Hudák: Recovery from crises and lending. Peer-reviewed paper, pp. 57-85. PDF
Thomas F. Huertas: Resolution Reform. Peer-reviewed Paper, pp. 86-99. PDF
András Bethlendi - Richárd Végh: Crowdfunding - could it become a viable option for Hungarian small businesses? Peer-reviewed Paper, pp. 100-124. PDF
Ludovit Ódor - Gábor P. Kiss: Back to basics - good indicators for good fiscal institutions! Peer-reviewed Paper, pp. 125-151. PDF
József Banyár: Two scenarios of the evolution of modern pension systems. Peer-reviewed Paper, pp. 152-177. PDF
Miklós Virág - Tamás Nyitrai: The application of ensemble methods in forecasting bankruptcy. Peer-reviewed Paper, pp. 178-193. PDF
Tamás Bánkuty: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (George A. Akerlof - Robert J. Shiller: Animal Spirits - How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism). Book Review, pp. 194-195. PDF
András Kómár: The Undercover Economist (Tim Harford: The Undercover Economist Strikes Back, How to Run – or Ruin – an Economy). Book Review, pp. 196-197. PDF
Nikolett Vágó: Old and New Challenges in Emerging Europe (Thierry Bracke - Reiner Martin: From Crisis to Recovery Old and New Challenges in Emerging Europe). Book Review, pp. 198-200. PDF
Barnabás Virág: To the margins of a Nobel Prize winner’s ideas Beyond the cycles - long-term challenges of the global economy. Essay, pp. 201-204. PDF
Milán Csaba Badics: Stock market time series forecasting with data mining methods. Kochmeister Awarded Paper, pp. 205-225. PDF

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