The objective of this study fills a gap in the Hungarian academic literature: its goal, on the one hand, is to systematise the research trends of decision-making and risk preferences at older ages according to the various methodological approaches, including researches based on experiment,...

In the wake of the global economic crisis, crowdfunding has become an increasingly significant alternative form of financing. Of the various business models that have evolved during recent years, this study focuses on equity, credit, reward and donation-based models. The investor/supporter...

The liquidity shock during the global crisis required corporate-level adjustment policies. The financial and real economy crisis revalued corporate liquidity, financing and investment flexibility, as well as the mitigation of corporate cash flow volatility using risk management techniques. This...

This study addresses the accumulation of external debt and the flow of foreign direct investment (FDI) jointly, and also strives to explore the internal interaction of these two global capital components on the one hand; and, on the other hand – in an unorthodox manner, even raising doubts –...

This paper is the first to use an economic theory-based model—the monetary model of exchange rates within a rational expectations present value framework—to forecast the daily exchange rate of a major currency. Our out-of-sample forecast evaluation period, spanning from 1990 to 2024, is...

We show that in a popular model of exchange rate determination, the unobserved expected future exchange rate can be substituted with the observed forward exchange rate. This allows the derivation of a new error-correction forecasting model, which approximates the gap between the fundamental...

This paper presents unprecedented exchange rate forecasting results, based upon a new model that approximates the gap between the fundamental equilibrium exchange rate and the actual exchange rate with the long-maturity forward exchange rate. The theoretical derivation of our forecasting...