Vol. 72 No. 2 (2026)

View Vol. 72 No. 2 (2026)

Published: 2026-06-30

Editorial

Foreword

4-6
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Studies

Distortions in the Functional Structure of the Economy (A Retrospective View of the Recent Past)

Iván Bélyácz, Erzsébet Szász

7-50
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SME Investment in Hungary: Financing Conditions, Development Needs, and Structural Misalignment

Lilla Hortoványi

51-66
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Government responses to housing challenges – Foreign currency loans vs. CSOK and Home Start Programme

Tamás Zoltán Wágner

67-96
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The Monetary Transmission Effects of Central Bank Digital Currency (CBDC) in Hungary: A Simplified DSGE Simulation

Ferenc Gyüre

97-111
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What Does the Balance Sheet (Not) Show? Asset Valuation in the Hungarian Accounting System

Gábor M. Horváth

112-125
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Redistribution Meets High Education Investment: Designing Taxes and Subsidies for Social Welfare

Michel Strawczynski

126-151
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Exploring cognitive patterns in credit default risk management

Vitalina Zubova

152-167
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Interview

„Europe needs to organise its own defence more effectively” – A conversation with Péter Ákos Bod on domestic and global uncertainties

Péter Ákos Bod, Győző Mihály Halász

168-180
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Report

Can Our Financial System Be Made Cheaper and Less Risky? Report on the 8th Budapest Public Finance Seminar

Pál Péter Kolozsi

181-189
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Book Review

From the Psychology of Decisions to Economic Models

Gábor Kutasi

190-194
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