This article demonstrates the idiosyncrasies of the Hungarian public educational system (primary, secondary and adult education) through regional and global comparisons. The main sources for comparison are data from the OECD and Eurostat as well as empirical research in Hungary. The research...

Difficulties in external debt-financing in the period since the financial crisis of 2008 have shed light on the financial vulnerability of the Hungarian economy. In this study our aim is to reveal the causes of external financial vulnerability, which can be incorporated into economic policy...

The global crisis of 2008 caused both liquidity shortage and increasing insolvency in the banking system. The study focuses on credit default contagion in the Central and Eastern European (CEE) region, which originated in bank runs generated by non-performing loans granted to non-financial...

ABSTRACT The global warming –either it is true or false hypothesis– has been built into the policy making both in national and international level. Public finances are recommended to be involved into the funding of mitigation and adaptation. The purpose of the paper is to gather the...

The study presents a comparison between EU-member countries that once or at present attempt(ed) to catch up to the current EU-average (Ireland, Portugal, Spain, Greece, Finland, Hungary). The aim of the paper is to analyse their trade competitiveness. The study seeks response to the questions:...

This paper wishes to identify optimal ways for fiscal consolidation in eastern EU member states. Dedicated efforts to have balanced budgets seem to be the rule rather than the exception across the enlarged European Union. Fiscal stability, more than any other factors, provide favourable...