The present article describes the decisions of the Hungarian Competition Authority (GVH) concerning financial institutions adopted in the period 1997–2012. GVH sanctioned certain types of behaviour that not only infringed consumers’ rights, but also affected competition in the market...

As countries of the world used large amounts of public funds to manage the 2008 financial crisis, public debt has risen to a critical level in many of them. Due to the drop in real economy, several countries faced unemployment and economic fallback that are still unresolved to this day. After...

The international literature specifies four models to the rule of the local governmental indebtedness. The „regulated by the market model” and the „rule based model” are able to be in force in the Hungarian local governmental crediting market considering the Hungarian legal environment....

Volume LV/Fourth Issue of the Public Finance Quarterly, as a quasi thematic edition, contained five articles focusing on the recent financial crisis. The topic of our paper is also the crisis; without concentrating on individual countries or groups of countries, we focus on the world economy and...

The appearance of the joint stock company has made unlimited consolidation of capital possible, but capital ownership and capital operation became separated as a result. From the very beginning, the goal was to protect ownership interests and limit management interests. In order to better...