Foreword : the rise of market liberalism / V(c)Łclav Klaus -- Introduction : competing visions of development policy / James A. Dorn -- The disgregard of reality / Peter Bauer -- The poverty of nations / Karl Brunner -- The transformation of developing economies : from plan to market / Deepak...

The ultimate aim of this paper is to generate micro-level risk measures, which can provide a useful input for further research. To this end, this paper estimates bankruptcy probabilities for Hungarian firms using probit estimation. The estimated models show reasonable performance in...