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A mix of solid economic policies, wage moderation, and an early orientation toward Eastern Europe explain Austria … have not resulted in sharp wage increases; instead negotiated wages for 2008 are up. Austria’s external position remains …
Persistent link: https://www.econbiz.de/10014401702
The Austrian authorities have been making great efforts since 2003 to enhance the quality of banking supervision and keep up-to-date with banking sector developments. Banks face a reputation risk arising from exposure to money laundering/financing of terrorism risk in both domestic and...
Persistent link: https://www.econbiz.de/10014403480
This technical note focuses on the Austrian banking system that exhibits considerable resilience against shocks determined by stress tests. The main sources of risk lie in the credit risk arising from exposures to Central, Eastern, and Southeastern Europe (CESE) and the Commonwealth of...
Persistent link: https://www.econbiz.de/10014403572
This Selected Issues paper for Austria looks at the fiscal burden facing Austria owing to aging, and the policy steps …
Persistent link: https://www.econbiz.de/10014404502
The Austrian economy has been growing at an annual rate in excess of 3percent since mid-1999. Experience with deregulation in the telecommunications and electricity sectors is encouraged. With strong economic growth and expansionary monetary conditions from an Austrian perspective, Executive...
Persistent link: https://www.econbiz.de/10014404535
This Selected Issues paper focuses on the medium-term budgetary framework (MTBF) for Austria. Austria is part of a … trend among many countries to consider some form of MTBF. This paper describes the proposed framework in Austria and …
Persistent link: https://www.econbiz.de/10014404925
This 2007 Article IV Consultation highlights that the favorable economic outcome for Austria is owed to a combination …
Persistent link: https://www.econbiz.de/10014405063
Austria’s recession had limited effects on unemployment. Investment declined sharply but consumption helped cushion the … recession, supported by tax cuts and various labor market measures together with large increases in real wages. Austria’s fiscal …
Persistent link: https://www.econbiz.de/10014405917
This Selected Issues paper estimates a dynamic model of foreign currency loans to households in Austria to analyze … developments in Austria’s economic linkages with Germany and the Central and Eastern European countries (CEECs). It finds that … become stronger. The paper also discusses the dynamics of Austria’s economic linkages with Germany, and examines these …
Persistent link: https://www.econbiz.de/10014406061
Austria’s Financial System Stability Assessment highlights Reports on the Observance of Standards and Codes on banking …, and is generally sound and resilient. Austria enjoys a high standard of supervision based on strong institutions and a …
Persistent link: https://www.econbiz.de/10014406132