In the past three decades, several attempts in various directions have been initiated for reforming the pension system. The reforms are needed to ensure financial viability on the one hand, and to achieve greater justice, on the other hand. Parametric reforms are not enough. A paradigm shift is...

Owing to its hiding nature, corruption is difficult to measure. However, measurements lacking sufficient methodological grounds and the rankings so created pose just as much of economic risk as the corruption itself. The objective of the present study is to examine the methodological compliance...

In the past few years, competitiveness has become one of the main focus of economic policy. This study provides an overview of the measurement risks mentioned in the references in connection with the measuring of competitiveness, and using the method of document analysis it evaluates whether the...

2017 marks the seventh year that the State Audit Office of Hungary conducted an Integrity Survey evaluating the corruption risks of public sector institutions and the availability of integrity controls ensuring protection against corruption. 3346 organisations provided data for the research....

Michael Hudson J is for Junk Economics – A Guide to Reality in an Age of Deception ISLET VERLAG, GERMANY, 2017

Between 2010 and 2015, the economic and financial situation of Hungary and the Hungarian population was marked by fundamental changes. In our research, we sought to find out how this affected the financial literacy of the population. Our research database was based upon the OECD surveys...

An age-old debate has recently resurfaced in the columns of a daily newspaper Money creation in practice. Misconceptions and reality. Is the issue still topical; indeed, is it one of journalism? Especially since the crisis, the public is still highly preoccupied with how banks have come to have...

The standard of financial literacy affects the effective management of economic and income shocks both on the individual and national levels. Earlier surveys implied the ineffectiveness of financial literacy enhancing training programmes in Hungary. We surveyed the training organisations by...

One of the key areas of public management is the corporate management of state- and local government-owned enterprises, in brief state-owned enterprises. By reviewing the relevant international literature we identified the key factors of well-managed state-owned enterprises. A legal analysis of...