Interest rate derivatives are among the most actively traded financial instruments in the main currency areas. With values of positions reacting immediately to the underlying index of daily interbank rates, manipulation has become an increasing challenge for the operational implementation of...

We study differences in the price paid for liquidity across banks using price data atthe individual bank level. Unique to this paper, we also have data on individualbanks’ reserve requirements and actual reserve holdings, thus allowing us to gaugethe extent to which a bank is short or long...

[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...

The paper examines the question of the emergence of multinational firms from Eastern Europe in Austria on different levels of aggregation: The first part uses aggregated data on inward foreign direct investment (FDI) in Austria from Central- and East European Countries (CEECs).(...)

Die vorliegende Publikation ist eine Studie über die Arbeitsbedingungen in der österreichischen Gastronomiebranche (Restaurants und Hotels). Vorgestellt werden ihre Hauptmerkmale, der rechtliche Rahmen bzw. arbeitsmarktliche Regulation, die Arbeitsbedingungen, der Zugang der Arbeitnehmer zur...

This paper presents a framework for analysing the effects of economicdevelopment in Eastern Europe on Austria's regions. Therefore we concentrate on the effects of enhanced East-West trade, which results from the economic development in the transition countries.