IDEAS home Printed from https://ideas.repec.org/a/ags/paaero/201814.html
   My bibliography  Save this article

Local Currency as a Tool of Risk Management in the Small and Medium Enterprises Sector

Author

Listed:
  • Bácsi, Judit
  • Herczeg, István

Abstract

The SME sector plays a significant role in every countries’ economy. The European Union also realized its importance and hence tries to create such fiscal rules and administrative environment which enhances business activity and the level of entrepreneurs. At the same time the majority of enterprises faces emerging difficulties. Companies aiming to survive in the long run have to realize and continuously monitor the inside and outside environment which affects them. It is inevitable to use the tools of risk and change management which cannot be overlooked in today’s economic environment. Last decades local currencies have appeared in order to reduce liquidity risks and its emergence is continuous and becoming more and more successful. The aim of the article is to introduce the difficulties of the Hungarian SME sector and shortly discuss the opportunities of local currency as a risk management tool which can positively affect the prosperity of the SME sector.

Suggested Citation

  • Bácsi, Judit & Herczeg, István, 2014. "Local Currency as a Tool of Risk Management in the Small and Medium Enterprises Sector," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2014(3).
    • Handle: RePEc:ags:paaero:201814
    DOI: 10.22004/ag.econ.201814
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/201814/files/16-3-Bacsi.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.201814?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. D. Brockmann & L. Hufnagel & T. Geisel, 2006. "The scaling laws of human travel," Nature, Nature, vol. 439(7075), pages 462-465, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bácsi, Judit & Takács, István, 2015. "Local Currencies in the Rural Economies," Roczniki (Annals), Polish Association of Agricultural Economists and Agribusiness - Stowarzyszenie Ekonomistow Rolnictwa e Agrobiznesu (SERiA), vol. 2015(3), June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ferreira, A.S. & Raposo, E.P. & Viswanathan, G.M. & da Luz, M.G.E., 2012. "The influence of the environment on Lévy random search efficiency: Fractality and memory effects," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(11), pages 3234-3246.
    2. Gao, Jian & Gu, Changgui & Yang, Huijie & Shen, Chuansheng, 2023. "Effects of the hierarchical lockdown control measure on the dynamic mechanism of individuals’ locomotor activities," Chaos, Solitons & Fractals, Elsevier, vol. 175(P1).
    3. Tang, Jinjun & Liu, Fang & Wang, Yinhai & Wang, Hua, 2015. "Uncovering urban human mobility from large scale taxi GPS data," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 438(C), pages 140-153.
    4. Yi Luo & Xiaoping Yang & Xiaoming Li & Zhenzhen Chen & Fangyuan Liu, 2024. "Human emergency behaviour and psychological stress characteristic mining based on large-scale emergencies," Computational and Mathematical Organization Theory, Springer, vol. 30(4), pages 293-320, December.
    5. Sergei Petrovskii & Weam Alharbi & Abdulqader Alhomairi & Andrew Morozov, 2020. "Modelling Population Dynamics of Social Protests in Time and Space: The Reaction-Diffusion Approach," Mathematics, MDPI, vol. 8(1), pages 1-19, January.
    6. Levy, Moshe, 2010. "Scale-free human migration and the geography of social networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(21), pages 4913-4917.
    7. Miguel Picornell & Tomás Ruiz & Maxime Lenormand & José Ramasco & Thibaut Dubernet & Enrique Frías-Martínez, 2015. "Exploring the potential of phone call data to characterize the relationship between social network and travel behavior," Transportation, Springer, vol. 42(4), pages 647-668, July.
    8. Moshe B Hoshen & Anthony H Burton & Themis J V Bowcock, 2007. "Simulating disease transmission dynamics at a multi-scale level," International Journal of Microsimulation, International Microsimulation Association, vol. 1(1), pages 26-34.
    9. Ciro Cattuto & Wouter Van den Broeck & Alain Barrat & Vittoria Colizza & Jean-François Pinton & Alessandro Vespignani, 2010. "Dynamics of Person-to-Person Interactions from Distributed RFID Sensor Networks," PLOS ONE, Public Library of Science, vol. 5(7), pages 1-9, July.
    10. Maxime Lenormand & Miguel Picornell & Oliva G Cantú-Ros & Antònia Tugores & Thomas Louail & Ricardo Herranz & Marc Barthelemy & Enrique Frías-Martínez & José J Ramasco, 2014. "Cross-Checking Different Sources of Mobility Information," PLOS ONE, Public Library of Science, vol. 9(8), pages 1-10, August.
    11. Koltcov, Sergei, 2018. "Application of Rényi and Tsallis entropies to topic modeling optimization," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 512(C), pages 1192-1204.
    12. Pengjun Zhao & Hao Wang & Qiyang Liu & Xiao-Yong Yan & Jingzhong Li, 2024. "Unravelling the spatial directionality of urban mobility," Nature Communications, Nature, vol. 15(1), pages 1-11, December.
    13. Huang, Feihu & Qiao, Shaojie & Peng, Jian & Guo, Bing & Xiong, Xi & Han, Nan, 2019. "A movement model for air passengers based on trip purpose," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 525(C), pages 798-808.
    14. Shanshan Wan & Zhuo Chen & Cheng Lyu & Ruofan Li & Yuntao Yue & Ying Liu, 2022. "Research on disaster information dissemination based on social sensor networks," International Journal of Distributed Sensor Networks, , vol. 18(3), pages 15501329221, March.
    15. Varga, Levente & Tóth, Géza & Néda, Zoltán, 2017. "An improved radiation model and its applicability for understanding commuting patterns in Hungary," MPRA Paper 76806, University Library of Munich, Germany.
    16. Xu Mengqiao & Zhang Ling & Li Wen & Xia Haoxiang, 2017. "Mobility Pattern of Taxi Passengers at Intra-Urban Scale: Empirical Study of Three Cities," Journal of Systems Science and Information, De Gruyter, vol. 5(6), pages 537-555, December.
    17. Siqin Wang & Mengxi Zhang & Tao Hu & Xiaokang Fu & Zhe Gao & Briana Halloran & Yan Liu, 2021. "A Bibliometric Analysis and Network Visualisation of Human Mobility Studies from 1990 to 2020: Emerging Trends and Future Research Directions," Sustainability, MDPI, vol. 13(10), pages 1-22, May.
    18. Magdziarz, M. & Scheffler, H.P. & Straka, P. & Zebrowski, P., 2015. "Limit theorems and governing equations for Lévy walks," Stochastic Processes and their Applications, Elsevier, vol. 125(11), pages 4021-4038.
    19. Xiang-Wen Wang & Xiao-Pu Han & Bing-Hong Wang, 2014. "Correlations and Scaling Laws in Human Mobility," PLOS ONE, Public Library of Science, vol. 9(1), pages 1-10, January.
    20. Shilin Xiao & Liming Zhang & Haihong Li & Qionglin Dai & Junzhong Yang, 2022. "Environment-driven migration enhances cooperation in evolutionary public goods games," The European Physical Journal B: Condensed Matter and Complex Systems, Springer;EDP Sciences, vol. 95(4), pages 1-9, April.

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:paaero:201814. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/seriaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.