Péter Juhász

A quarter century after the 1997 Asian crisis: Looking back, where are we now?

This study examines the evolution of systemic risk and contagion among Asian currencies and assesses whether vulnerabilities comparable to the 1997 Asian Crisis have re-emerged. Using daily exchange-rate returns for ten Asian currencies from 1994 to 2025, we combine component exp...

Adoption survival frontiers: Artificial intelligence, financing frictions, and market structure

Artificial intelligence and other general-purpose digital technologies often diffuse unevenly: large firms adopt early, while smaller firms delay adoption, contract, or abandon the active adoption option. This paper develops a survival-constrained theory of technology adoption in...