Between 2004 and 2008 low-interest foreign currency based loans, and above all household loans, became more and more popular in Central European countries like Croatia, Hungary, Poland, Romania and the Baltic countries in an environment of high and volatile inflation but stabilising and in some...

This paper investigates central bank profitability primarily focusing on its impact on the government budget. It compares the accounting profit of the four euro area countries running the highest debt and three new EU Member States in the period 1999–2013 following the introduction of the...

Today's discussion papers continuously debate the new issues related to regionalism, globalisation and economic integration; the term 'national sovereignty' seems to have lost its original meaning. International organisations issue recommendations and proposals to the member states'...

Purpose -In the European Union only a few countries have remained outside the eurozone. Among these countries with independent monetary policies few pursue a floating exchange rate regime: the Czech Republic, Hungary, Poland and Romania (IMF, 2013). The purpose of the paper is to examine whether...

Between 2004 and 2008 low-interest foreign currency based loans, and above all household loans, became more and more popular in Central European countries like Croatia, Hungary, Poland, Romania and the Baltic countries in an environment of high and volatile inflation but stabilising and in some...

Purpose – In the European Union only a few countries have remained outside the eurozone. Among these countries with independent monetary policies few pursue a floating exchange rate regime: the Czech Republic, Hungary, Poland and Romania (IMF, 2013). The purpose of the paper is to examine...

Purpose -In the European Union only a few countries have remained outside the eurozone. Among these countries with independent monetary policies few pursue a floating exchange rate regime: the Czech Republic, Hungary, Poland and Romania (IMF, 2013). The purpose of the paper is to examine whether...

Business angels are natural persons who provide equity financing for young enterprises and gain ownership in them. They are usually anonym investors and they operate in the background of the companies. Their important feature is that over the funding of the enterprises based on their business...