In 1994 earnings in Austrian manufacturing recovered markedly according to the revised methods used by the Austrian Institute of Economic Research to compile cash-flow statistics. Cash-flow rose by 12 percent; the ratio between cash-flow and turnover increased from 9 percent to almost 10...

Geänderte Rahmenbedingungen erfordern innovative Anpassungen. Mit der vorliegenden Ausgabe präsentieren sich die WIFO-Monatsberichte in graphisch, teilweise auch inhaltlich neuer Gestalt. Mit Konzeption und Layout einer Zeitschrift verhält es sich ähnlich wie mit einer Investition in...

Cash flow of Austrian manufacturing industry may have increased by 10 percent (on an annual basis) in 1995. The cash flow/turnover ratio is estimated at 10.5 percent, slightly below the year-earlier level of 10.8 percent. The pace of cash flow expansion decelerated markedly in the second half of...

The results of an OECD study, according to which stock markets influence the long-term growth of the real economy through the relationship between investment activities and stock market size, were reviewed and/or supplemented on the basis of a data set newly generated by WIFO for 23 OECD...

Efforts concentrate on developing the institutional structure which will govern European monetary policy while securing a suitable level of independence. The strong emphasis on independence begs the question of the extent to which accountability can be safeguarded, which is of vital importance...

Managerial efficiency in local banking is highest in Japan, followed by Europe and the USA. Pertinence of the findings is further increased when they are compared across local bank markets. Most significantly, the management of banks with home markets in economically underdeveloped regions is,...