The risk analysis of project finance and its methodology have been continuously developing over the past two decades, in response to the sharp increase in financing volume. The aim of this study is to summarise the special risk structure of projects, the approaches to risk analysis, and to...

Corporate cash management is a significant area of classic corporate finance theory and practice. Within a corporate group it is almost impossible to implement centralised cash management without the specialised service of corporate banks or other financial institutions. The objective of the...

In Hungary, more than 22% of the FX mortgage portfolio is non-performing and the tendency is worsening. In this paper we propose a solution to effectively reduce the credit and systemic risk inherent to this portfolio, but the proposed model can be applied to other mortgage portfolios in...

Discussions on personal bankruptcy regulations are usually focused on the controversial effects of leniency on society, economy, financial markets, entrepreneurship, and labour supply. However, the methodology of measuring leniency has been limited to one-time legislative changes or some...