A 2008-ban kitört pénzügyi válság ráirányította a figyelmet a mainstream makroökonómiára, amely a válság elõrejelzésében és magyarázatában rossz teljesítményt nyújtott. Az újklasszikus és az újkeynesi iskola közötti konszenzus eredményeként létrejött DSGE-modellek...

The financing of innovation impacts on economic growth. What’s, among bank-based or market-based system, the best organizational form? The paper supports the view that both forms have to be merged into a unique approach (law and finance view) embracing not only the overall quality of the...

The article summarizes the key results of researches in the field of early warning systems for financial crises, conducted by the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF) since 2005. The proposed early warning system consists of three major blocks: the leading...

This paper improves the analysis of the role of financial frictions in the transmission of monetary policy, by bringing together the borrowers' balance sheet channel with an additional channel working through bank capital, considering capital adequacy regulations and households' preferences for...

The paper provides evidence on what affects at the margin the cost and availability of bank credit for firms in Argentina. We study in particular how banks use different pieces of private and public information to screen firms and overcome informational asymmetries in the credit market. Some...

Russian Abstract: Доклад посвящен проблемам и перспективам использования национальных валют во взаиморасчетах между странами ЕАЭС. Анализ результатов специально...

Bulgarian Abstract: В настоящата разработка се анализират факторите на търсенето и предлагането на кредити в страните от ЕС, които към края на 2012 г. не са част от...

Arabic Abstract: منذ اواخر القرن الماضي أصبحت أسواق المال مطلب ومحور اهتمام العديد من الدول النامية وذلك كونها تمثل مؤشر ومرآه عاكسة لما يحدث في اقتصادها، الأمر الذى...

Russian abstract: Книга посвящена Евразийскому экономическому союзу (ЕАЭС) — его содержанию, эволюции, организационному устройству, вопросам экономической интеграции...