Public Finance Quarterly-Hungary最新文献

Rule-based budgeting and the financial stability – the European solution 基于规则的预算和金融稳定——欧洲的解决方案

Public Finance Quarterly-Hungary Pub Date : 2023-09-29 DOI: 10.35551/pfq_2023_3_1

Árpád Kovács

引用次数: 0

Euro area economic growth between 2010 and 2019 in the light of secular stagnation theory 基于长期停滞理论的2010 - 2019年欧元区经济增长

Public Finance Quarterly-Hungary Pub Date : 2023-09-29 DOI: 10.35551/pfq_2023_3_4

Tibor Tatay, Eszter Kazinczy

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Handling outliers in bankruptcy prediction models based on logistic regression 基于逻辑回归的破产预测模型异常值处理

Public Finance Quarterly-Hungary Pub Date : 2023-09-29 DOI: 10.35551/pfq_2023_3_5

Tünde Katalin Szántó

{"title":"Handling outliers in bankruptcy prediction models based on logistic regression","authors":"Tünde Katalin Szántó","doi":"10.35551/pfq_2023_3_5","DOIUrl":"https://doi.org/10.35551/pfq_2023_3_5","url":null,"abstract":"The primary tool for managing bank default risk is the credit rating of potential customers. The focus of the present study is on the logistic regression method used to construct 95% of the lender scorecards. The aim of the research is to determine how much the treatment of outliers improves the classification accuracy of the models when using a method that is highly sensitive to outliers, and which method of treating outliers results in the highest classification accuracy. Furthermore, what criteria should be used to determine the cut-off value of the models for a sample that does not contain solvent and insolvent businesses in equal proportions. The analysis was carried out on a sample of 1677 construction companies. The results show that the treatment of outliers significantly improves the predictive ability of the models, while the replacement of outliers with the closest non-outlier proved to be the most effective for treating outliers. When determining the cut-off, it is inappropriate to use the value that results in the highest classification accuracy, as this may lead to an increase in the proportion of first-order errors. The optimisation of this value may depend on the degree of credit risk taken by a given financial institution in its portfolio of loans.","PeriodicalId":42979,"journal":{"name":"Public Finance Quarterly-Hungary","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135132665","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A stagflation-proof bill of exchange circulation model – Presentation and evaluation 一种防滞涨的汇票流通模型——提出与评价

Public Finance Quarterly-Hungary Pub Date : 2023-09-29 DOI: 10.35551/pfq_2023_3_6

Zsuzsanna Novák, Zsuzsanna Szalay

引用次数: 0

Non-growth or social collapse?! 不增长还是社会崩溃?

Public Finance Quarterly-Hungary Pub Date : 2023-09-29 DOI: 10.35551/pfq_2023_3_7

Tamás Pesuth

引用次数: 0

Acceptance of large corporate receivables as collateral – the practice of the Magyar Nemzeti Bank in view of the principles of collateral management, with a specific focus on legal risks 接受大型企业应收账款作为抵押品——马扎尔银行针对抵押品管理原则的实践，特别关注法律风险

Public Finance Quarterly-Hungary Pub Date : 2023-09-29 DOI: 10.35551/pfq_2023_3_2

Dániel Lerner-Nagy, András Straubinger, Dániel Szabadkai

{"title":"Acceptance of large corporate receivables as collateral – the practice of the Magyar Nemzeti Bank in view of the principles of collateral management, with a specific focus on legal risks","authors":"Dániel Lerner-Nagy, András Straubinger, Dániel Szabadkai","doi":"10.35551/pfq_2023_3_2","DOIUrl":"https://doi.org/10.35551/pfq_2023_3_2","url":null,"abstract":"In the spring of 2020, the Magyar Nemzeti Bank (MNB) expanded the pool of assets eligible as collateral for central bank lending by accepting loans granted to large corporates customers as collateral, thus widening the lending channel between the MNB and credit institutions and providing credit institutions with a wider leeway in ALM (Asset-Liability Management). In this paper we analyse the MNB’s framework of conditions for the eligibility of large corporate receivables in respect to the principles of collateral management including, in particular, the management of legal risks. The inclusion of such transactions as collateral is challenging from both a legal and an operational perspective, since eligibility for use as collateral requires the development of a framework that fully ensures the enforceability of large corporate receivables accepted as collateral, and compliance with all other relevant collateral management principles. It is concluded from the analysis that a set of strict conditions and the operational framework supporting it can ensure the management of legal risks, but can also be noted that there may be trade-offs between simple asset-liability and liquidity management, and compliance with the complex system of corporate receivables conditions.","PeriodicalId":42979,"journal":{"name":"Public Finance Quarterly-Hungary","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135132667","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Integration of financial institutions supported with data asset development – Magyar Bankholding case study 数据资产开发支持的金融机构整合——马扎尔银行控股案例研究

Public Finance Quarterly-Hungary Pub Date : 2023-09-29 DOI: 10.35551/pfq_2023_3_3

Gábor Vajda, Antal Martzy, Zoltán Lovász, Zoltán Zéman

引用次数: 0

Compilation of an International Journal List in the HAS IX. Section of the Doctoral Committee for Economics and Management 《国际期刊名录》的编制。经济与管理博士委员会分会

IF 0.5

Public Finance Quarterly-Hungary Pub Date : 2023-06-30 DOI: 10.35551/pfq_2023_2_4

Imre Dobos, P. Halmai, P. Sasvári

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Characteristics of splitting family tax benefit and strategies of those choosing the splitting 家庭税收优惠分割的特点及选择分割的策略

IF 0.5

Public Finance Quarterly-Hungary Pub Date : 2023-06-30 DOI: 10.35551/pfq_2023_2_1

Éva Szabóné Bonifert

{"title":"Characteristics of splitting family tax benefit and strategies of those choosing the splitting","authors":"Éva Szabóné Bonifert","doi":"10.35551/pfq_2023_2_1","DOIUrl":"https://doi.org/10.35551/pfq_2023_2_1","url":null,"abstract":"The study examines data regarding splitting of family tax benefit received upon children in personal income taxation and the strategies of those splitting the tax benefit. The purpose of the investigation is to analyse proportions of sharing and principles of couples who split the family tax benefit each other, increasing or decreasing each other’s financial opportunities. During the investigations, starting from a general analysis of the thousand people sample of family tax benefit beneficiaries from personal income tax return, we examined more detailed data of those who fully realized the family tax benefit. In the course of the examination we set up theoretical strategies for the analysis of the possible ways of splitting the tax benefit in order to check their matching with real data. The sharing strategy identifiable in the highest proportion was realizing the family tax benefit by 50%-50% by family members, which is influenced primarily by the realizing preferences of families with two children. A theoretical decision-making strategy has been identified in the case of more than half of the families fully realising family tax benefit. It has been found that, after the use in a fifty-fifty ratio, the preference of fathers’ recourse is slightly stronger than mothers’ due to the impact of families with three or more children. This is also typical of cases not identified with a specific strategy. The reason of preferring fathers’ recourse is mostly the idea that who has a larger tax base should use the tax benefit. However, this is not typical for giving preference to maternal use. Our findings indicate that families most often decide on the simplest solution that still can be considered rational, when sharing family tax benefit, which decision is differentiated according to the number of children.","PeriodicalId":42979,"journal":{"name":"Public Finance Quarterly-Hungary","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44912610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Apocalypse?! – Garden of Eden?! 天启? !-伊甸园?!

IF 0.5

Public Finance Quarterly-Hungary Pub Date : 2023-06-30 DOI: 10.35551/pfq_2023_2_8

Tamás Pesuth

引用次数: 0