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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
The Austrian economy performed well, but long-term problems were unaddressed. Austria has weathered the slump well. The …
Persistent link: https://www.econbiz.de/10014406525
Austria’s federal system comprises the federal government and nine provinces (Länder). The federal system is rather …
Persistent link: https://www.econbiz.de/10014406820
This Selected Issues paper for Austria reports the impact of the government size, in addition to tax and expenditure … broadly in line with the European Union (EU) 15 average. Austria is characterized by a heavy taxation of the factors of …
Persistent link: https://www.econbiz.de/10014406932
securities regulations of Austria. The 2003 assessment found that Austria had fully broadly implemented a large majority of …
Persistent link: https://www.econbiz.de/10014407001
This technical note highlights the financial sector assessment program update of Austria with factual update for …
Persistent link: https://www.econbiz.de/10014407002