The article concerns the sources of the financial crisis in the U.S. from the perspective of the quality of information. The problem of asymmetric information is analyzed on the basis of relations among market participants involved in assets securitization.

The main aim of this paper is to refresh the theoretical concept called Wagner’s Law which says that economic growth should be stipulated by increasing public expenditure. Observations of the long term trends lead to the conclusion that allocation of resources by the state systematically...

The aim of this paper is to compare various models of state responsibility for access to financial markets. The result of this comparison was used to limit the public intervention during the global financial crisis.

The aim of this article is to point at main implications stemming from behavioural economics for retirement savings. The author presents main models of choice relevant to the intertemporal choice developed by economical psychologists (prospect theory, hyperbolic discount function, system of...

Since the 1990s various kinds of exchange rate regimes have been employed, such as the adjustable peg regime, the crawling peg regime and the so-called ERM II shadow. This article aims at presenting Hungarian experiences concerning the exchange control policy and the effects of its application. Many

Regulation, the purpose of which is to protect and develop the competitiveness of business activity carried out by business entities, is one of the most important elements of the legal order that guards the appropriate development of market economy. At present, it is based on the Act on...

The article is a synthetic discussion of the current state of the business cycle theory. Three groups of current theories have been briefly discussed

With this paper we celebrate thirty years (1983-2013) of the present series of research papers "Quaderni di ricerca", after 400 issues of the publication. We analyze the available quantitative information from a descriptive point of view, evidencing the main research fields, and stressing, among...

The rise of mobile social media provides unique opportunities for new and creative pedagogies. Pedagogical change requires a catalyst, and we argue that mobile social media can be utilized as such a catalyst. However, the mobile learning literature is dominated by case studies that retrofit...

No nation today can be understood as being fully child-centered, but many are pursuing social policies heavily favoring children. The emphasis on individual rights and the growth of scientific knowledge underpinning many of these policies have led to the improvement of the lives of a great many...