Acceso abierto

On Financial Bubbles and Earthworms: Lessons from Hungary’s Rural Pyramid during its Economic Transition


Cite

Angelini, V. and D. Cavapozzi 2017 ‘Dispositional optimism and stock investments’, Journal of Economic Psychology No. 59: 113.10.1016/j.joep.2017.01.006 Search in Google Scholar

Antal, L. 1979 Development – With Some Digression: The Hungarian Economic Mechanism in the Seventies’, Acta Oeconomica No. 23: 257. Search in Google Scholar

Atkinson A. B. and J. Micklewright 1992 Economic Transformation in Eastern Europe and the Distribution of Income, Cambridge: Cambridge University Press. Search in Google Scholar

Baker A. and G. R. D. Underhill 2015 ‘Economic ideas and the political construction of the financial crash of 2008’, British Journal of Politics and International Relations No. 17: 381.10.1111/1467-856X.12072 Search in Google Scholar

Bauer, T. 1984 ‘The Second Economic Reform and Ownership Relations’, Eastern European Economics No 22: 33.10.1080/00128775.1984.11648294 Search in Google Scholar

Berglöf E. and P. Bolton 2002 ‘The great divide and beyond – Financial architecture in transition’, Journal of Economic Perspectives No. 16: 77.10.1257/0895330027120 Search in Google Scholar

Bezemer, D. J. 2001 ‘Post-Socialist Financial Fragility: The Case of Albania’, Cambridge Journal of Economics No. 25: 1.10.1093/cje/25.1.1 Search in Google Scholar

Bhattacharya, U. 2003 ‘The optimal design of Ponzi schemes in finite economies’, Journal of Financial Intermediation No. 12: 2.10.1016/S1042-9573(02)00007-4 Search in Google Scholar

Binzel C. and D. Fehr 2010 ’Social Relationships and Trust’, Working Papers 542, Economic Research Forum, revised 09 Jan 2010.10.2139/ssrn.1639472 Search in Google Scholar

Blanchard O. J. and M. W. Watson 1982 ‘Bubbles, Rational Expectations and Financial Markets’, NBER Working Paper No. 945.10.3386/w0945 Search in Google Scholar

Buček, J. ‘Financial and economic crisis in Slovakia – its spatial aspects and policy response’ in (ed.) G. Gorzelak and C. Goh, Financial crisis in Central and Eastern Europe: from similarity to diversity, Warszawa: Scholar, pp. 190–208. Search in Google Scholar

Caginalp, G., Porter, D. and V. Smith 2001 ‘Financial Bubbles: Excess Cash, Momentum, and Incomplete Information’, Journal of Psychology and Financial Markets No. 2: 80.10.1207/S15327760JPFM0202_03 Search in Google Scholar

Cannell R. Q. and J. D. Hawes 1994 ‘Trends in tillage practices in relation to sustainable crop production with special reference to temperate climates’, Soil and Tillage Research No. 30: 245.10.1016/0167-1987(94)90007-8 Search in Google Scholar

Clauss, P., Roncalli, T. and G. Weisang 2009 ‘Risk Management Lessons from Madoff Fraud’, International Finance Review No. 10: 505.10.1108/S1569-3767(2009)0000010019 Search in Google Scholar

Csurgó, B., Kovách, I. and B. Megyesi 2018 ‘After a Long March: the Results of Two Decades of Rural Restructuring in Hungary’, Eastern European Countryside No. 24: 81.10.2478/eec-2018-0005 Search in Google Scholar

Danis, W. M. and A. V. Shipilov 2002 ‘A comparison of entrepreneurship development in two post-communist countries: The cases of Hungary and Ukraine’, Journal of Developmental Entrepreneurship No. 7: 67. Search in Google Scholar

De Long, B. J., Shleifer, A. L., Summers, H. and R. J. Waldman 1990 ‘Positive Feedback Investment Strategies and Destabilizing Rational Speculation’, Journal of Finance No. 45: 379.10.2307/2328662 Search in Google Scholar

Demos, G. and G. Sornette 2017 ‘Birth or burst of financial bubbles: which one is easier to diagnose?’, Quantitative Finance No. 17: 657.10.1080/14697688.2016.1231417 Search in Google Scholar

Denizer, C. and H. Wolf 1998 ‘Household Savings in Transition Economies’, NBER Working Paper No. 6457.10.3386/w6457 Search in Google Scholar

Duménil, G. and D. Lévy 2011 The Crisis of Neoliberalism, Cambridge: Harvard University Press. Search in Google Scholar

Erdélyi, I. and Giliszta Maffia Riportkönyv 1992 Székesfehérvár: Biohumusztermelők Érdekvédelmi Egyesülete. Search in Google Scholar

Ferreira, F. H. G. 1999 ‘Economic Transition and the Distribution of Income and Wealth’, Economics of Transition No. 7: 377.10.1596/1813-9450-1808 Search in Google Scholar

Filimonov, V., Demos, G. and G. Sornette 2017 Modified profile likelihood inference and interval forecast of the burst of financial bubbles’, Quantitative Finance No. 17: 1167.10.1080/14697688.2016.1276298 Search in Google Scholar

Flood, R. P. and R. J. Hodrick 1990 ‘On Testing for Speculative Bubbles’, Journal of Economic Perspectives No. 4: 85.10.1257/jep.4.2.85 Search in Google Scholar

Frankel, T. 2012 The Ponzi Scheme Puzzle, Oxford: Oxford University Press.10.1093/acprof:osobl/9780199926619.001.0001 Search in Google Scholar

Garber, P. 1990 ‘Famous First Bubbles’, Journal of Economic Perspectives No. 4: 35–54.10.1257/jep.4.2.35 Search in Google Scholar

Garber, P. 2001 Famous First Bubbles: The Fundamentals of Early Manias, Cambridge: MIT Press.10.7551/mitpress/2958.001.0001 Search in Google Scholar

Gelencsér, G., Vona, M. and C. Centeri 2012 ‘Loosing agricultural heritage in rural landscapes – a case study in Koppány Valley area, Hungary’, European Countryside No.4: 134 (DOI: 10.2478/v10091-012-0019-2) Search in Google Scholar

Gogozan, A. 2009 ‘Marketing Fraud: Pyramid Schemes in Eastern Europe’, Marketing From Information to Decision p. 211. Search in Google Scholar

Harman, C. 2009 ‘’The slump of the 1930s and the crisis today’, International Socialism 121, www.isj.org.uk/index.php4?id=506&issue= 121. Search in Google Scholar

Hasan, I. and K. Marton 2003 ‘Development and efficiency of the banking sector in a transitional economy: Hungarian experience’, Journal of Banking & Finance No. 27: 2249.10.1016/S0378-4266(02)00328-X Search in Google Scholar

Holland, J. M. 2004 ‘The environmental consequences of adopting conservation tillage in Europe: reviewing the evidence’, Agriculture, Ecosystems & Environment No. 103: 1.10.1016/j.agee.2003.12.018 Search in Google Scholar

Hula, A., Montague, P. R. and P. Dayan 2015 ‘Monte Carlo Planning Method Estimates Planning Horizons during Interactive Social Exchange’, PLOS Computational Biology No. 11: e1004254.10.1371/journal.pcbi.1004254 Search in Google Scholar

Jarvis, C. 2000 ‘The Rise and Fall of Albania’s Pyramid Schemes,, Finance & Development No. 37: 46. Search in Google Scholar

Kajsiu, B. 2010 ‘Down with Politics! The Crisis of Representation in Post-Communist Albania’, East European Politics and Societies No. 24: 229. Search in Google Scholar

Katona, G. 1946 ‘Psychology Analysis of Business Decisions and Expectations’, American Economic Review No. 36: 44. Search in Google Scholar

Katona-Kovács, J., High, C. and G Nemes, 2011 ‘Importance of Animation Actions in the operation of Hungarian Local Actions Groups’, European Countryside No. 11: 227.10.2478/v10091-012-0006-7 Search in Google Scholar

Kaufmann, R. R. 2007 ‘Market Reform and Social Protection: Lessons from the Czech Republic, Hungary, and Poland’, East European Politics and Societies No. 21: 111.10.1177/0888325406297124 Search in Google Scholar

Keep, W. W. and P. J. Vander Nat 2014 ‘Multilevel marketing and pyramid schemes in the United States: An historical analysis’, Journal of Historical Research in Marketing No 6: 188.10.1108/JHRM-01-2014-0002 Search in Google Scholar

Keynes, J. M. 1936 The general theory of employment, interest and money, London: Macmillan. Search in Google Scholar

Koleva, P. and C. Vincensini 2002 ‘The evolution trajectories of voucher funds: towards western type institutional investors? The case of the Czech Republic and Bulgaria’, Economics of Planning No. 35: 79.10.1023/A:1016381930405 Search in Google Scholar

Koschate-Fischer, N., Hoyer, W. D., Stokburger-Sauer, N. E. and J. Engling 2018 ‘Do life events always lead to change in purchase? The mediating role of change in consumer innovativeness, the variety seeking tendency, and price consciousness’, Journal of the Academy of Marketing Science No. 46: 516.10.1007/s11747-017-0548-3 Search in Google Scholar

Lin, Y., Hsiu-Kuei, C. and T. Ma 2010 ‘Pre-Transparency and Information Content: Evidence from the Taiwan Stock Exchange’, International Research Journal of Finance and Economics No. 48: 33. Search in Google Scholar

Markopolos, H. and F. Casey 2010 No One Would Listen: A True Financial Thriller, Hoboken: John Wiley and Sons. Search in Google Scholar

McNally, D. 2009 ‘From Financial Crisis to World Slump: Accumulation, Financialisation and the Global Slowdown’, Historical Materialism No. 17: 35.10.1163/156920609X436117 Search in Google Scholar

Mikiewicz, P. and K. Szafraniec 2009 ‘Rural Social Capital versus European and Global Challenges (About “good” and “bad” Social Capital’, Eastern European Countryside 15(1): 111.10.2478/v10130-009-0007-3 Search in Google Scholar

Nabhan, G. P. 1984 ‘Soil fertility renewal and water-harvesting in Sonoran Desert agriculture, The Papago example’, Arid Lands Newsletter No. 20: 21. Search in Google Scholar

Népszava, Tűntettek. Feb. 22, 1992. https://adtplus.arcanum.hu/hu/view/Nepszava_1992_02/?query=DATE1%3D%281992--1993%29&pg=252. Search in Google Scholar

Petőfi Népe, 1992. júl. 1. 47. number 5. pages Kámforrá vált “Gesztorok” Üzleti tárgyalás a babakocsi-tárolóban. https://library.hungaricana.hu/hu/view/BacsKiskunMegyeiNepujsag_1992_07/?pg=4&layout=s. Search in Google Scholar

Sadiraj, K. and A. Schram 1999 Informed and Uninformed Investors in an Experimental Ponzi Scheme, Mimeo: University of Amsterdam. Search in Google Scholar

Schmidt, O., Clements, R. O. and G. Donaldson 2003 ‘Why do cereal–legume intercrops support large earthworm populations?’, Applied Soil Ecology No. 22: 181.10.1016/S0929-1393(02)00131-2 Search in Google Scholar

Schubert, E. S. 1988 ‘Innovations, Debts and Bubbles: International Integration of Financial Markets in Western Europe, 1688–1720’, Journal of Economic History No. 48: 299.10.1017/S0022050700004915 Search in Google Scholar

Shiller, R. J. 2000 Irrational Exuberance, Princeton: Princeton University Press. Search in Google Scholar

Shiller, R. J. 2003 ‘From Efficient Markets Theory to Behavioral Finance’, Journal of Economic Perspectives No. 17: 83.10.1257/089533003321164967 Search in Google Scholar

Shiller, R. J. 2013 Speculative Asset Prices, New Haven: Yale University.10.2139/ssrn.2391284 Search in Google Scholar

Siegel, J. 2003 ‘What is an Asset Price Bubble? An Operational Definition’, European Financial Management No. 9: 11.10.1111/1468-036X.00206 Search in Google Scholar

Sornette, D. 2017 Why Stock Markets Crash: Critical Events in Complex Financial Systems, Princeton: Princeton University Press.10.23943/princeton/9780691175959.001.0001 Search in Google Scholar

Spence, M. 1973 ‘Job Market Signaling’, Quarterly Journal of Economics no. 87: 355.10.2307/1882010 Search in Google Scholar

Stark, D. 1992 ‘Path Dependence and Privatization Strategies in East Central Europe’, East European Politics and Societies No. 6: 17. Search in Google Scholar

Szakonyi, P. 2016 25 év 25 nagy átverés, Budapest: Heart Communication. Search in Google Scholar

Szelényi, I. 1988 Socialist entrepreneurs: embourgeoisement in rural Hungary, University of Wisconsin Press. Search in Google Scholar

Szende, A. and A. J. Culyer 2006 ‘The inequity of informal payments for health care: The case of Hungary’, Health Policy No. 75: 262.10.1016/j.healthpol.2005.04.001 Search in Google Scholar

Tang, N. and A. Baker 2016 ‘Self-esteem, financial knowledge, and financial behavior’, Journal of Economic Psychology No. 54: 164.10.1016/j.joep.2016.04.005 Search in Google Scholar

Tejfalussy, A. 1991 (Nov. 15) A lakosságot ma is bűntetlenül becsaphatják? Kertészeti és Szőlészet. Search in Google Scholar

Tohyama, S. and M. Tohyama 1995 Greening the Deserts, Techniques and Achievements of two Japanese Agriculturists, Tokyo: Kosei Publishing. Search in Google Scholar

Toms, S. 2015 ‘Fraud and Financial Scandals: A Historical Analysis of Opportunity and Impediment’, Leeds University Business School Working Paper No. 16-01.10.2139/ssrn.2694962 Search in Google Scholar

Vander Nat, P. J. and W. W. Keep 2002 Marketing Fraud: An Approach for Differentiating Multilevel Marketing from Pyramid Schemes’, Journal of Public Policy and Marketing No. 21: 139.10.1509/jppm.21.1.139.17603 Search in Google Scholar

Verdery, K. 1996 ‘Faith, Hope and Caritas in the Land of the Pyramids, Romania, 1990–1994’ in (ed.) K. Verdery, What Was Socialism? And What Comes Next?, Princeton: Princeton University Press.10.1515/9781400821990 Search in Google Scholar

Zhou, W. X. and D. Sornette 2008 ‘A case study of speculative financial bubbles in the South African stock market 2003–2006’, Physica A: Statistical Mechanics and its Applications No. 388: 869.10.1016/j.physa.2008.11.041 Search in Google Scholar

eISSN:
2300-8717
Idioma:
Inglés
Calendario de la edición:
Volume Open
Temas de la revista:
Social Sciences, Sociology, other