Austria: 2009 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria

September 21, 2009

Preview Citation

Format: Chicago

Austria: 2009 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria, (USA: International Monetary Fund, 2009) accessed November 26, 2024

Summary

This report is focused on the impact of the financial crisis on the Austrian economy and the financial sector, the authorities’ policy responses, and macrofinancial linkages and spillovers. The financial sector has been expanding rapidly, mostly outside Austria. This has brought substantial benefits, but also increased risks and vulnerabilities. Maintaining financial stability will be essential for ensuring macroeconomic stability, fiscal sustainability, and a return to growth, while also having important spillovers to regional financial stability. Austria traditionally benefits from a low unemployment rate compared with the euro area.

Subject: Banking, Commercial banks, Expenditure, Financial institutions, Financial sector, Financial sector policy and analysis, Income, Loans, National accounts, Stress testing

Keywords: Asset guarantee, Commercial banks, Core inflation, Core inflation in Austria, CR, Eastern Europe, Europe, Global, Headline inflation, IMF staff representative, Income, ISCR, Loans, Participation capital, Staff appraisal, Stress testing

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/295
Stock No:

1AUTEA2009001
ISBN:

9781451802474
ISSN:

1934-7685

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