The high ratio of loans over 90 days past due, i.e. nonperforming mortgage loans, is the legacy of the crisis and the excessive lending that preceded it. The volume has continuously grown over the past six years and by the end of 2014 accounted for one quarter of the total mortgage portfolio,...

Although EU funds play a pivotal role not only for Hungary but for the entire European Union as well, there is debate regarding their effectiveness in the literature. This paper investigates the impact of direct economic development subsidies extended in the context of the Cohesion Policy...