After joining the EU in 1995, uncertainties over the future legal and administrative system remained latent. But there was also rising awareness of Austria's possibilities to influence the decision making processes in Brussels. The Austrian system of social partnership, based on centralized wage...

In this paper the causal relationship between the domestic and the foreign components of the Austrian monetary base has been investigated. The two components seem closely and negatively related which induced the formulation of two hypotheses: the "capital mobility hypothesis" implying that the...