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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
outside Austria. This has brought substantial benefits, but also increased risks and vulnerabilities. Maintaining financial … having important spillovers to regional financial stability. Austria traditionally benefits from a low unemployment rate …
Persistent link: https://www.econbiz.de/10014410964
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 paper reviews economic developments in Austria during 1995–96. A review of developments and short-term prospects …. Several estimates of potential output and the output gap in Austria are discussed, together with two macroeconomic scenarios …
Persistent link: https://www.econbiz.de/10014397330
(CFT) for Austria. The authorities have designed and are implementing a comprehensive AML/CFT system, supported by well …
Persistent link: https://www.econbiz.de/10014398933
The paper presents a report on Austria’s Observance of Standards and Codes for Financial Action Task Force …
Persistent link: https://www.econbiz.de/10014399007
Austria has relatively strong macroeconomic fundamentals, but also deep ties with the rest of the euro area. The legacy …
Persistent link: https://www.econbiz.de/10014395656
The Austrian authorities introduced new supervisory guidance aiming at constraining the funding model of the three largest Austrian banks’ subsidiaries. The guidance introduced the concept of Loan-to-Local-Stable-Funding Ratio (LLSFR) as a monitoring tool of business model sustainability....
Persistent link: https://www.econbiz.de/10014395657