This article provides an overview of the regulatory environment of the Hungarian system of local self-government based on the methods of legal dynamics and economic analyses in a historical perspective tracing events back to the aftermath of World War II. The starting point of the analysis is...

During the first decade of the 21st century, household FX loans spread in numerous countries in Central and Eastern Europe, where they caused serious macroeconomic and social problems with the spillover of the global financial crisis. Disregarding countries that joined the euro area, Hungary was...

A globális pénzügyi válság és a mainstream közgazdaságtan utóbbi évtizedben látott, ehhez kapcsolódó botlásai láttán nehéz lenne cáfolni, hogy a közgazdászok nagy részének érdeklődési körén kívül eső, nem-gazdasági tényezők („non-economic factors”) figyelmen...

Baksay Gergely – Matolcsy György – Virág Barnabás (szerk.) Új fenntartható közgazdaságtan Globális vitairat Magyar Nemzeti Bank, 2022

2020 tavaszán érkezett meg Európába a koronavírus-járvány, ami a gazdasági aktivitás jelentős visszaesését okozta. Jelen tanulmány 25 európai ország esetében vizsgálja, hogy milyen összefüggések láthatók egyes országok makrogazdasági, sebezhetőségi, kitettségi...

Gergely Baksay – György Matolcsy – Barnabás Virág (Ed.) New Sustainable Economics Global Discussion Paper Magyar Nemzeti Bank, 2022

The coronavirus epidemic arrived in Europe in the spring of 2020, causing a significant slowdown in economic activity. The study examines the preparedness, vulnerability, exposure and performance of 25 European countries during the economic crisis caused by the Covid-19 epidemic. Countries can...

The global financial crisis that broke out in 2007–2008 substantively set back activity in the credit market. Several central banks reacted to this by implementing credit incentive programs. Based on the program parameters, our study evaluated 14 international and Hungarian credit incentive...

Dániel Palotai – Barnabás Virág Competitiveness and Growth National Bank of Hungary, 2016 The global financial crisis has refocused attention on the sustainability of economic processes and the competitiveness of the economy. It has become obvious that lasting growth is not possible without...

The outbreak of the economic crisis in 2007–2008 changed the views about economic policy worldwide, in particular, the role, tasks and responsibility of monetary policy. Hungary was hit by the crisis in a particularly vulnerable state; therefore the aim of reducing external vulnerability was a...