In contemporary times, hundi has collected countless labels; the international press has spurned innumerable villainous descriptions, the bulk of which have helped to perpetuate a dense fog of notoriety. The critical problem lies in definition. As there is an incomplete understanding of hundi's...

A tanulmány célja az új osztrák iskola megalapítói, Mises, Hayek és mai vezéralakja Kirzner tanításainak világos, könnyen érthető rendszerezett kifejtése. Az új osztrák közgazdák figyelme a neoklasszikus közgazdáktól eltérően nem az egyensúlyi ár meghatározására...

This chapter discusses different approaches pursued to explore three broad questions related to technology diffusion: what general patterns characterize the diffusion of technologies, and how have they changed over time; what are the key drivers of technology, and what are the macroeconomic...

Heightened counterparty risk during the recent financial crisis has raised questions about the role clearinghouses play in global financial stability. Empirical identification of the effect of centralized clearing on counterparty risk is challenging because of the co-incidence of macro-economic...