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crisis

A magyar différance

Kovács, O. (2015): A magyar différance. Köz-Gazdaság, 10. évf., 4. szám (december), 145-166. o. A tanulmányban megkíséreljük Magyarország euró bevezetésével kapcsolatos halogató magatartását egy rendszerszemléletű megközelítésen keresztül értelmezni. A makrogazdasági (in)stabilitás kérdését interdiszciplináris megközelítéssel tárgyaljuk, amelynek során olyan területek releváns ismereteire támaszkodunk, mint a fejlődé
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Divide after the Tide?

While there is some optimistic judgement over the end of the 2008 financial and economic crisis – not to mention those voices advocating that the Great Recession was not really so great (Van Ours, 2015) –, there is a certain level of uncertainty encoded into the fragile recovery. If for no other reason than the European integration seems to suffering from non-convergence in many aspects between the core and the perip
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Black Swans or Creeping Normalcy? – An Attempt to a Holistic Crisis Analysis

Kovács, O. (2013): Black Swans or Creeping Normalcy? – An Attempt to a Holistic Crisis Analysis. Eastern Journal of European Studies, Vol. 4, No. 1. pp. 127-143 (June 2013) In this article we address the daunting challenge of current economic recovery by contributing to the better understanding of its secular feature. In so doing we devote special attention to the secular decline in innovativeness by raising three in
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The Italian (Economic) Job

Almost two years ago, Andrew Ang and Francis A. Longstaff pointed out that the empirical evidence suggests that systemic sovereign risk has its roots in financial markets rather than in macroeconomic fundamentals.[1] The crisis-ridden Italy, which is now facing high level of political instability as well, has been manoeuvring not so dramatically since the end of 2012 when the Prime Minister Mario Monti resigned. In o
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Thrown-up Stone? Facts and Trends in the XXIst Century

Kovács, O. (2011): Thrown-up Stone? Facts and Trends in the XXIst Century (Conference Report). Public Finance Quarterly, Vol. 56., No. 3. pp. 388-394.  
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Hysteresis in Poland’s Economic Growth?

Kovács, O. (2009): Hysteresis in Poland’s Economic Growth? News of the Month, ICEG European Center, October 2009 pp. 4-8. This study addresses the issue of whether the Polish-miracle, a unique positive growth rate during the recession of 2009, gives us a misleading feeling of comfort or it is a well-based and sustainable path of the Polish development. While we have been trying to call the attention to a very interes
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The Gathering Storm over Bulgaria?

Kovács, O. (2009): Bulgaria – The Gathering Storm? News of the Month, ICEG European Center, October 2009 pp. 13-16. According to the classical empirical results, huge current account deficits are an explicit sign of an imminent currency crisis. The Bulgarian substantial current account deficit is well documented, therefore it is a puzzling question why the currency crisis did not take a place until nowadays. The aim
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