INDEX OF THE CYCLE OF MONEY - THE CASE OF HUNGARY
Szerző
Megtekintés
Kulcsszavak
Hogyan hivatkozzuk
Absztrakt
This paper has mounted the index of the cycle of money. According to the idea of the cycle of money, it is tested if an amount of cash is recycled inside the financial system in a variety of instances or if this amount of cash is misplaced from a financial system to different economies or banks abroad, due to the now no longer good enough structure of the financial system of the country. The reason for the paper is to expose the utility of the case cycle of money, right here for the case of Hungary. Therefore, this work goal is to make clear how the concept of the cycle of money, works in an actual case scenario and is well known how the cycle of money applies to an economic system. Moreover, the index of the cycle of money suggests how an economic system ought to counteract a monetary crisis and how well-structured it is. The estimations of the index of the cycle of money in the case of Hungary are compared with the global average index of the cycle of money. The estimations indicate as expected that Hungary is above the average global value. Hungary's findings reveal that it is a well-structured economy and can face an economic crisis. Prior papers are from the case of Latvia, Serbia, Greece, Bulgaria, Ukraine, Thailand, and Poland. This work is part of a project for multiple countries. The results are the first in the bibliography about the cycle of money of Hungry through the application of this theory.
Hivatkozások
- [1] Acs, Z. J., & Szerb, L. (2007). Entrepreneurship, economic growth and public policy. Small Business Economics, 28(2–3). https://doi.org/10.1007/s11187-006-9012-3
- [2] Altman, M. (2012). Behavioral Economics, Economic Theory and Public Policy. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1152105
- [3] Amanor-Boadu, V., Pfromm, P. H., & Nelson, R. (2014). Economic feasibility of algal biodiesel under alternative public policies. Renewable Energy, 67. https://doi.org/10.1016/j.renene.2013.11.029
- [4] Andriansyah, A., Taufiqurokhman, T., & Wekke, I. S. (2019). Responsiveness of public policy and its impact on education management: An empirical assessment from Indonesia. Management Science Letters, 9(3). https://doi.org/10.5267/j.msl.2018.12.008
- [5] Androniceanu, A., Gherghina, R., & Ciobănașu, M. (2019). The interdependence between fiscal public policies and tax evasion. Administratie Si Management Public, 2019(32). https://doi.org/10.24818/amp/2019.32-03
- [6] Arabyan, O. (2016). Public infrastructure policies and economic geography. Glasnik Srpskog Geografskog DrustvaBulletin of the Serbian Geographical Society, 96(1). https://doi.org/10.2298/gsgd1601093a
- [7] Arbel, Y., Fialkoff, C., & Kerner, A. (2019). Public policy for reducing tax evasion: implications of the Yule–Simpson paradox. Applied Economics Letters, 26(13). https://doi.org/10.1080/13504851.2018.1537471
- [8] Baldwin, R., Forslid, R., Martin, P., Ottaviano, G., & Robert-Nicoud, F. (2011). Economic geography and public policy. In Economic Geography and Public Policy. https://doi.org/10.1093/jnlecg/lbh045
- [9] Bestari, P., Sinaga, O., & Saudi, M. H. M. (2019). Implementation of online tax system: Implications for the development of a public policy course. International Journal of Innovation, Creativity and Change, 6(7).
- [10] Blundell, R., & Preston, I. (2019). Principles of Tax Design, Public Policy and Beyond: The Ideas of James Mirrlees, 1936–2018. Fiscal Studies, 40(1). https://doi.org/10.1111/1475-5890.12183
- [11] Cai, Y. (2017). Nonlinear Analysis of Economic Growth, Public Debt and Policy Tools. Asian Economic and Financial Review, 7(1). https://doi.org/10.18488/journal.aefr/2017.7.1/102.1.99.108
- [12] Camous, A., & Gimber, A. R. (2018). Public debt and fiscal policy traps. Journal of Economic Dynamics and Control, 93. https://doi.org/10.1016/j.jedc.2018.02.009
- [13] Carfora, A., Pansini, R. V., & Scandurra, G. (2021). The role of environmental taxes and public policies in supporting RES investments in EU countries: Barriers and mimicking effects. Energy Policy, 149. https://doi.org/10.1016/j.enpol.2020.112044
- [14] Castaño, M. S., Méndez, M. T., & Galindo, M. Á. (2016). The effect of public policies on entrepreneurial activity and economic growth. Journal of Business Research, 69(11). https://doi.org/10.1016/j.jbusres.2016.04.125
- [15] Castro, E., & Scartascini, C. (2019). Imperfect Attention in Public Policy: A Field Experiment During a Tax Amnesty in Argentina. IDB Discussion Paper, April.
- [16] Challoumis, C. (2018a). Methods of Controlled Transactions and the Behavior of Companies According to the Public and Tax Policy. Economics, 6(1), 33–43. https://doi.org/10.2478/eoik-2018-0003
- [17] Challoumis, C. (2018b). THE IMPACT FACTOR OF HEALTH ON THE ECONOMY USING THE CYCLE OF MONEY. Bulletin of the Transilvania University of Braşov, 11(60), 125–136. https://webbut.unitbv.ro/index.php/Series_V/article/view/2533/1979
- [18] Challoumis, C. (2018c). The Keynesian Theory and the Theory of Cycle of Money. Hyperion Economic Journal, 6(3), 3–8. https://hej.hyperion.ro/articles/3(6)_2018/HEJ nr3(6)_2018_A1Challoumis.pdf
- [19] Challoumis, C. (2019a). The Issue of Utility of Cycle of Money. Journal Association SEPIKE, 2019(25), 12–21. https://5b925ea6-3d4e-400b-b5f3-32dc681218ff.filesusr.com/ugd/b199e2_dd29716b8bec48ca8fe7fbcfd47cdd2e.pdf
- [20] Challoumis, C. (2019b). Theoretical analysis of fuzzy logic and Q. E. method in economics. IKBFU’s Vestnik, 2019(01), 59–68.
- [21] Challoumis, C. (2019c). Transfer Pricing Methods for Services and the Policy of Fixed Length Principle. Economics and Business, 33(1), 222–232. https://doi.org/https://doi.org/10.2478/eb-2019-0016
- [22] Challoumis, C. (2020a). Analysis of the Theory of Cycle of Money. Acta Universitatis Bohemiae Meridionalis, 23(2), 13–29. https://doi.org/https://doi.org/10.2478/acta-2020-0004
- [23] Challoumis, C. (2020b). The Impact Factor of Costs to the Tax System. Journal of Entrepreneurship, Business and Economics, 8(1), 1–14. http://scientificia.com/index.php/JEBE/article/view/126
- [24] Challoumis, C. (2020c). The Impact Factor of Education on the Public Sector – The Case of the U.S. International Journal of Business and Economic Sciences Applied Research, 13(1), 69–78. https://doi.org/10.25103/ijbesar.131.07
- [25] Challoumis, C. (2021a). Index of the cycle of money - The case of Belarus. Economy and Banks, 2.
- [26] Challoumis, C. (2021b). Index of the cycle of money - The case of Greece. IJBESAR (International Journal of Business and Economic Sciences Applied Research), 14(2), 58–67.
- [27] Challoumis, C. (2021c). Index of the Cycle of Money - The Case of Latvia. Economics and Culture, 17(2), 5–12. https://doi.org/10.2478/jec-2020-0015
- [28] Challoumis, C. (2021d). Index of the cycle of money - The case of Montenegro. Montenegrin Journal for Social Sciences, 5(1–2), 41–57.
- [29] Challoumis, C. (2021e). Index of the cycle of money - The case of Serbia. Open Journal for Research in Economics (OJRE), 4(1). https://centerprode.com/ojre.html
- [30] Challoumis, C. (2021f). Index of the cycle of money - The case of Slovakia. S T U D I A C O M M E R C I A L I A B R A T I S L A V E N S I A Ekonomická Univerzita v Bratislave, 14(49), 176–188.
- [31] Challoumis, C. (2021g). Index of the cycle of money - The case of Thailand. Chiang Mai University Journal of Economics, 25(2), 1–14. https://so01.tci-thaijo.org/index.php/CMJE/article/view/247774/169340
- [32] Challoumis, C. (2021h). Index of the cycle of money - The case of Ukraine. Actual Problems of Economics, 243(9), 102–111. doi:10.32752/1993-6788-2021-1-243-244-102-111
- [33] Challoumis, C. (2021i). Index of the cycle of money -the case of Bulgaria. Economic Alternatives, 27(2), 225–234. https://www.unwe.bg/doi/eajournal/2021.2/EA.2021.2.04.pdf
- [34] Challoumis, C. (2021j). The cycle of money with and without the enforcement savings. Complex System Research Centre.
- [35] Challoumis, C. (2022a). Impact Factor of the Rest Rewarding Taxes. In Complex System Research Centre. https://doi.org/10.2139/ssrn.3154753
- [36] Challoumis, C. (2022b). Index of the cycle of money - The case of Moldova. Eastern European Journal of Regional Economics, 8(1), 77–89.
- [37] Challoumis, C. (2022c). Index of the cycle of money - the case of Poland. Research Papers in Economics and Finance, 6(1), 72–86. https://journals.ue.poznan.pl/REF/article/view/126/83
- [38] Challoumis, C. (2023a). Index of the cycle of money: The case of Costa Rica. Sapienza, 4(3), 1–11. https://journals.sapienzaeditorial.com/index.php/SIJIS
- [39] Challoumis, C. (2023b). Index of the cycle of money - The case of Canada. Journal of Entrepreneurship, Business and Economics, 11(1), 102–133. http://scientificia.com/index.php/JEBE/article/view/203
- [40] Challoumis, C. (2023c). Index of the Cycle of Money - The Case of England. British Journal of Humanities and Social Sciences, 26(1), 68–77.
- [41] Challoumis, C. (2024a). FUTURE-PROOF YOUR FINANCES - ADAPTING TO CHANGING REGULATION POLICIES IN THE MONEY CYCLE. XIII International Scientific Conference. https://conference-w.com/wp-content/uploads/2024/09/JAP.T-1213092024.pdf
- [42] Challoumis, C. (2024b). The Money Cycle Explained - Navigating Regulation Policies For Financial Success. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4960582
- [43] Challoumis, C. (2024c). HOW CAN AI PREDICT ECONOMIC TRENDS IN THE MONEY CYCLE? XVII International Scientific Conference, 76–108. https://conference-w.com/wp-content/uploads/2024/11/Ger.D-0708112024.pdf
- [44] Challoumis, C. (2024d). HOW IS AI SHAPING THE FUTURE OF PERSONAL FINANCE MANAGEMENT? XVII International Scientific Conference, 12–40. https://conference-w.com/wp-content/uploads/2024/11/Ger.D-0708112024.pdf
- [45] Challoumis, C. (2024e). HOW TO DISCOVER THE INTERPLAY BETWEEN AI AND THE CYCLE OF MONEY? XVII International Scientific Conference, 335–363. https://conference-w.com/wp-content/uploads/2024/11/Ger.D-0708112024.pdf
- [46] Challoumis, C. (2024f). HOW TO IMPLEMENT AI TOOLS FOR BETTER MONEY CYCLE MANAGEMENT? XVII International Scientific Conference, 364–392. https://conference-w.com/wp-content/uploads/2024/11/Ger.D-0708112024.pdf
- [47] Challoumis, C. (2024g). HOW TO TRANSFORM YOUR BUSINESS BY UNDERSTANDING THE AI AND MONEY CYCLE RELATIONSHIP? XVII International Scientific Conference, 393–426. https://conference-w.com/wp-content/uploads/2024/11/Ger.D-0708112024.pdf
- [48] Challoumis, C. (2024h). THE INTERPLAY BETWEEN MONEY CYCLES AND REGULATORY FRAMEWORKS - WHAT YOU NEED TO KNOW. XIII International Scientific Conference, 112ß128. https://conference-w.com/wp-content/uploads/2024/09/JAP.T-1213092024.pdf
- [49] Challoumis, C. (2024i). THE LANDSCAPE OF AI IN FINANCE. XVII International Scientific Conference, 109–144. https://conference-w.com/wp-content/uploads/2024/11/Ger.D-0708112024.pdf
- [50] Challoumis, C. (2024j). THE MONEY CYCLE’S EVOLUTION - HOW POLICY CHANGES IMPACT YOUR WALLET. XIII International Scientific and Practical Conference «Scientific Advances and Innovative Approaches», 165–186. https://conference-w.com/wp-content/uploads/2024/09/JAP.T-1213092024.pdf
- [51] Challoumis, C. (2024k). WHAT ARE THE ETHICAL IMPLICATIONS OF AI IN FINANCIAL SYSTEMS? XVII International Scientific Conference, 41–75. https://conference-w.com/wp-content/uploads/2024/11/Ger.D-0708112024.pdf
- [52] Cruce, J. R., & Quinn, J. C. (2019). Economic viability of multiple algal biorefining pathways and the impact of public policies. Applied Energy, 233–234. https://doi.org/10.1016/j.apenergy.2018.10.046
- [53] de A. Dantas, G., de Castro, N. J., Dias, L., Antunes, C. H., Vardiero, P., Brandão, R., Rosental, R., & Zamboni, L. (2018). Public policies for smart grids in Brazil. Renewable and Sustainable Energy Reviews, 92. https://doi.org/10.1016/j.rser.2018.04.077
- [54] Diallo, S. Y., Shults, F. L. R., & Wildman, W. J. (2021). Minding morality: ethical artificial societies for public policy modeling. AI and Society, 36(1). https://doi.org/10.1007/s00146-020-01028-5
- [55] dos Santos Benso Maciel, L., Bonatto, B. D., Arango, H., & Arango, L. G. (2020). Evaluating public policies for fair social tariffs of electricity in Brazil by using an economic market model. Energies, 13(18). https://doi.org/10.3390/en13184811
- [56] Egedy, T., Kovács, Z., & Szabó, B. (2018). Changing geography of the creative economy in hungary at the beginning of the 21st century. Hungarian Geographical Bulletin, 67(3). https://doi.org/10.15201/hungeobull.67.3.5
- [57] Ewert, B., Loer, K., & Thomann, E. (2021). Beyond nudge: advancing the state-of-the-art of behavioural public policy and administration. Policy and Politics, 49(1). https://doi.org/10.1332/030557320X15987279194319
- [58] Farah, M. F. S. (2011). Public policy and public administration. Revista de Administracao Publica, 45(3). https://doi.org/10.1590/S0034-76122011000300011
- [59] Fernandez, M. A., & Raine, K. D. (2019). Insights on the Influence of Sugar Taxes on Obesity Prevention Efforts. In Current Nutrition Reports (Vol. 8, Issue 4). https://doi.org/10.1007/s13668-019-00282-4
- [60] Franko, W., Tolbert, C. J., & Witko, C. (2013). Inequality, Self-Interest, and Public Support for “Robin Hood” Tax Policies. Political Research Quarterly, 66(4). https://doi.org/10.1177/1065912913485441
- [61] Fronzaglia, M. L., de Moura Júnior, Á. A., Racy, J. C., & Vartanian, P. R. (2019). Possible Effects of Economic Public Policies Implemented in Brazil after the Financial Crisis of 2008 on Foreign Direct Investment. Theoretical Economics Letters, 09(08). https://doi.org/10.4236/tel.2019.98176
- [62] Haskel, J., & Westlake, S. (2021). Capitalism without capital: The rise of the intangible economy (an excerpt). Ekonomicheskaya Sotsiologiya, 22(1). https://doi.org/10.17323/1726-3247-2021-1-61-70
- [63] Hasselman, L., & Stoker, G. (2017). Market-based governance and water management: the limits to economic rationalism in public policy. Policy Studies, 38(5). https://doi.org/10.1080/01442872.2017.1360437
- [64] Jeon, J., Kim, S., & Kwon, S. M. (2020). The effects of urban containment policies on public health. International Journal of Environmental Research and Public Health, 17(9). https://doi.org/10.3390/ijerph17093275
- [65] Jia, M., Liu, Y., Lieske, S. N., & Chen, T. (2020). Public policy change and its impact on urban expansion: An evaluation of 265 cities in China. Land Use Policy, 97. https://doi.org/10.1016/j.landusepol.2020.104754
- [66] Jomo, K. S., & Wee, C. H. (2003). The political economy of Malaysian federalism: Economic development, public policy and conflict containment. Journal of International Development, 15(4). https://doi.org/10.1002/jid.995
- [67] Kandrács, C. (2023). Financing a Sustainable Economy in Hungary, Opportunities and Challenges: Decarbonisation, Green Transition, Sustainable Finance, Central Bank. Public Finance Quarterly, 69(1). https://doi.org/10.35551/PFQ_2023_1_2
- [68] Kanthak, L., & Spies, D. C. (2018). Public support for European Union economic policies. European Union Politics, 19(1). https://doi.org/10.1177/1465116517740638
- [69] Kartini, D. S., Mulyawan, R., & Muradi, M. (2019). Public Policy Pragmatism on Special Economic Zone in Tanjung Lesung, Pandeglang Regency. MIMBAR : Jurnal Sosial Dan Pembangunan, 35(1). https://doi.org/10.29313/mimbar.v35i1.4283
- [70] Mackean, T., Fisher, M., Friel, S., & Baum, F. (2020). A framework to assess cultural safety in Australian public policy. Health Promotion International, 35(2). https://doi.org/10.1093/HEAPRO/DAZ011
- [71] Martinez, M. C. V., & Rodríguez, M. C. M. (2020). Public policies of electronic governance and corruption in Mexico. Public Policy and Administration, 19(3). https://doi.org/10.5755/J01.PPAA.19.3.27769
- [72] Mohindra, K. S. (2007). Healthy public policy in poor countries: Tackling macro-economic policies. In Health Promotion International (Vol. 22, Issue 2). https://doi.org/10.1093/heapro/dam008
- [73] Montenegro Martínez, G., Carmona Montoya, A., & Franco Giraldo, Á. (2020). Models for public health policy analysis reported in scientific publications. In Gaceta Sanitaria. https://doi.org/10.1016/j.gaceta.2019.11.007
- [74] Montmarquette, C. (2020). From economic analysis to public policies in the economics of education. In Revue Economique (Vol. 71, Issue 6). https://doi.org/10.3917/reco.716.0943
- [75] Muñoz, O. G., & Flores, M. C. (2020). Basic principles of economic policy and public decision in the 21st century. Journal of Social Sciences (COES&RJ-JSS), 9(1). https://doi.org/10.25255/jss.2020.9.1.21.31
- [76] Nash, V., Bright, J., Margetts, H., & Lehdonvirta, V. (2017). Public Policy in the Platform Society. In Policy and Internet (Vol. 9, Issue 4). https://doi.org/10.1002/poi3.165
- [77] Ng, Y. K. (2018). Ten rules for public economic policy. Economic Analysis and Policy, 58. https://doi.org/10.1016/j.eap.2018.01.002
- [78] OECD. (2020). Foreign direct investment flows in the time of COVID-19. Oecd.Org, May 2020.
- [79] Ratten, V. (2019). Sport entrepreneurship and public policy: future trends and research developments. Journal of Entrepreneurship and Public Policy, 8(1). https://doi.org/10.1108/JEPP-D-18-00099
- [80] Siegmeier, J., Mattauch, L., Franks, M., Klenert, D., Schultes, A., & Edenhofer, O. (2018). The fiscal benefits of stringent climate change mitigation: an overview. Climate Policy, 18(3). https://doi.org/10.1080/14693062.2017.1400943
- [81] Sultana, A., Or Rashid, M. H., Akter Eva, S., & Sultana, A. (2020). Assessment of Relationship Among Regional Economic Development Policy, Urban Development Policy and Public Policy. Sumerianz Journal of Economics and Finance, 310. https://doi.org/10.47752/sjef.310.171.177
- [82] Szabó, J. (2022). POLITICAL ECONOMY OF ILLIBERAL CAPITALISM IN HUNGARY AND POLAND. Politicka Ekonomie, 70(5). https://doi.org/10.18267/j.polek.1364
- [83] Szalai, J., & Svensson, S. (2018). On civil society and the social economy in Hungary. Intersections East European Journal of Society and Politics, 4(4). https://doi.org/10.17356/ieejsp.v4i4.471
- [84] Taub, R. (2015). New Deal Ruins: Race, Economic Justice, and Public Housing Policy. Contemporary Sociology: A Journal of Reviews, 44(4). https://doi.org/10.1177/0094306115588487x
- [85] Trischler, J., & Charles, M. (2019). The Application of a Service Ecosystems Lens to Public Policy Analysis and Design: Exploring the Frontiers. Journal of Public Policy and Marketing, 38(1). https://doi.org/10.1177/0743915618818566
- [86] Turner, A. (2010). The crisis, conventional economic wisdom, and public policy. Industrial and Corporate Change, 19(5). https://doi.org/10.1093/icc/dtq042
- [87] Williamson, A. K., & Luke, B. (2020). Agenda-setting and Public Policy in Private Foundations. Nonprofit Policy Forum, 11(1). https://doi.org/10.1515/npf-2019-0049
https://doi.org/10.47282/economica/2024/15/3-4/13608