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Key Elements of the Reform of the Hungarian Banking System: Privatization and Portfolio Cleaning

Várhegyi, Eva - C.E.P.R. Discussion Papers - 1993

This paper focuses on some of the major problems of the Hungarian banking system and investigates the possible ways to deal with these problems. It discusses the issue of bank restructuring, concentrating on the large commercial banks for which direct or indirect state ownership is decisive....

Persistent link: https://www.econbiz.de/10005791244

Weathering the crisis and beyond: Perspectives for the Euro Area

Schmidt, Christoph M; Weigert, Benjamin - C.E.P.R. Discussion Papers - 2013

The euro area is experiencing a severe and highly complex crisis. It comprises three problem areas, the difficulties of some highly indebted European sovereigns to ascertain funding at palatable cost, the disconcerting fragility of the European banking system and disappointing growth prospects...

Persistent link: https://www.econbiz.de/10011083564

Business Groups in the United States: A Revised History of Corporate Ownership, Pyramids and Regulation, 1930-1950

Kandel, Eugene; Kosenko, Konstantin; Morck, Randall; … - C.E.P.R. Discussion Papers - 2013

The extent to which business groups ever existed in the United States and, if they did exist, the reasons for their disappearance are poorly understood. In this paper we use hitherto unexplored historical sources to construct a comprehensive data set to address this issue. We find that (1)...

Persistent link: https://www.econbiz.de/10011083947

The Competitiveness of Hungarian Industry

Hare, Paul G; Hughes, Gordon; Michael, Thomas; Revesz, Tamas - C.E.P.R. Discussion Papers - 1992

Using an RAS update to 1990 of an 86-sector input-output table for Hungary in 1986, and corresponding data on world … sectors are obtained under a variety of conditions. Hungary's trade relationships and constraints on trade make it uncertain … Hungary and the EC on Hungary's competitiveness, finding that some sectors will be strengthened, e.g. forestry, agriculture …

Persistent link: https://www.econbiz.de/10005662220

Factors and Effects of Trade Reorientation in Hungary

Halpern, László - C.E.P.R. Discussion Papers - 1993

The collapse of the CMEA completed the Hungarian trade reorientation during the second half of the 1980s. Panel model estimations of trade reorientation reveal that cost efficiency, export subsidy and foreign demand played important and varying roles between 1981 and 1990. During the last two...

Persistent link: https://www.econbiz.de/10005666895

After, Before and During: Returns to Education in Hungary (1986-1998)

Campos, Nauro F; Jolliffe, Dean - C.E.P.R. Discussion Papers - 2004

How valuable are the skills acquired under socialism in a market economy? This Paper throws light on this question using unique data covering the years before and during transition (1986-98) for about 3 million Hungarian wage earners. We find that returns to a year of schooling increased by 75%...

Persistent link: https://www.econbiz.de/10005667110

Job Search Monitoring and Unemployment Duration: Evidence from a Randomised Control Trial

Micklewright, John; Nagy, Gyula - C.E.P.R. Discussion Papers - 2008

benefit systems. We investigate this issue with a field experiment in Hungary involving random assignment of benefit claimants …

Persistent link: https://www.econbiz.de/10005789102

Tax Reform, Trade Liberalisation and Industrial Restructuring in Hungary

Newbery, David M G - C.E.P.R. Discussion Papers - 1990

The two central economic problems facing Hungary are its large foreign debt and its relatively poor rate of growth over … the 1980s. The paper examines some of the reform issues facing Hungary, starting with the tax reforms of 1988 and 1989 … of capital market reform and privatization are briefly discussed. …

Persistent link: https://www.econbiz.de/10005789114

The Burden and Disincentive Effects of Hungarian Personal Taxes 1988-96

Newbery, David M G; Revesz, Tamas - C.E.P.R. Discussion Papers - 1997

The paper analyses the revenue-raising, distributional and incentive effects of the personal tax system in Hungary from …

Persistent link: https://www.econbiz.de/10005789193

The Economics of Bankruptcy and the Transition to a Market Economy

Abel, István; Gatsios, Konstantine - C.E.P.R. Discussion Papers - 1993

This paper looks at simple decision rules in bankruptcy procedures. It describes special issues of enterprise liquidation and reorganization during economic transformation. The reforms of the financial system and other important factors in economic transformation influence the impact of...

Persistent link: https://www.econbiz.de/10005791908

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