This paper presents the pilot top-down climate stress test of the Hungarian banking system over the 2020-2050 horizon. The focus is on a core indicator of financial soundness, the ratio of non-performing loans. Three scenarios are considered with different grades of compliance with the Paris...

Our study presents the top-down stress testing framework currently used by the Magyar Nemzeti Bank. We run separate solvency and liquidity stress tests to analyse the ability of the banking system to absorb shocks and we present their results in our Report on Financial Stability. In the former,...

Since the global financial crisis, for IPE scholars a core intellectual puzzle is to explain the rise of financial nationalist governments into power and their sustained capacity to pursue financial nationalism in an era when the interconnectedness of global financial markets surpasses any...

This working paper provides an overview of government and trade union responses to the economic crisis in the financial sector. It provides a comparative presentation of trade union and government responses to the crisis with particular emphasis on the country-specific conditions and practices...

The paper is an attempt at a comparative overview of banking sector systemic risk in six Central European countries as of the end of 1997 concluding with some policy recommendations. The countries covered by the paper (Bulgaria, Czech Republic, Hungary, Poland, Romania and Slovakia) are specific...