The paper empirically analyses the cross-countries determinants of nonperforming loans and the potential impact of regulatory factors on credit risk exposure. We employ aggregate banking, financial, economic and legal environment data for a panel of 59 countries over the period 2002-2006....

The present study shows an exploratory experience of validation of an instrument for measuring the level of financial culture in the Millennial Generation. The instrument was developed based on 25 items in accordance with the Likert Scale, aimed at university students in the last year of the...

The present study shows an exploratory experience of validation of an instrument for measuring the level of financial culture in the Millennial Generation. The instrument was developed based on 25 items in accordance with the Likert Scale, aimed at university students in the last year of the...

As the financial economy has expanded beginning in the mid 1980s, it has done so in part by selling more products to individuals and households, such as mortgages, second mortgages, mutual funds, student loans, car loans, insurance, and various forms of retirement products. This has allowed...

Today’s economic and financial crisis calls for radical changes in the financial culture and consumption patterns we have had until now. Although it is regarded a young democracy, Hungary has previously made numerous top-down attempts to develop financial skills and to keep materialistic...