The study attempts to reveal the doctrinal foundations of Hungary's sweeping sub-national
governance reforms (SGRs) that took place in the period 2010-2014. It compares actual …

The purpose of this study is to broaden the literature on the factors that contribute to the over-
indebtedness of the subnational sector and the related crisis management tools based on …

Kornai (2014) described the problems of municipal indebtedness in Hungary and analysed
the process of bailout carried out between 2011 and 2014. In the same period, the central …

Previous research has found that there is no uniform budget constraint for local
governments: politically favoured local governments receive additional funds and are …

For four decades after World War II (between 1947 and the end of the 1980s), a Soviet-type
planned economy introduced under external pressure prevailed in Hungary. When this line …

Land finance, ie, a city government's revenue, depends deeply on the revenue from
transferring multiannual land use rights and is a phenomenon unique to China. However …

This article provides an overview of the regulatory environment of the Hungarian system of
local self-government based on the methods of legal dynamics and economic analyses in a …

The aim of this paper is to analyse legal and financial dynamics of the self-governance in
three countries of the Visegrad Group: the Czech Republic, Hungary and Slovakia. The …

Tanulmányunk célja, hogy nemzetközi összehasonlításban mutassa be a magyar
önkormányzati szektor eladósodását és válságkezelését. A hazai önkormányzatok pénzügyi …

Subnational governments can create sizable fiscal risks for central governments. In addition
to impacting service delivery at the grassroots level, unsustainable subnational finances can …