Austria: 2013 Article IV Consultation

September 10, 2013

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Austria: 2013 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This paper presents details of Austria’s 2013 Article IV Consultation. Austria has been growing economically but is facing challenges in the financial sector. Full implementation of medium-term fiscal adjustment plans require specifying several measures and plans that need gradual strengthening to take expected further bank restructuring cost into account. It suggests that strong early bank intervention and resolution tools, a better designed deposit insurance system, and a bank-financed resolution fund would help reduce the need for budgetary support to any troubled banks in the future.

Subject: Bank resolution, Bank resolution framework, Banking, Expenditure, Financial crises, Fiscal consolidation, Labor, Public debt

Keywords: Asset, Asset quality, Bank asset quality, Bank resolution, Bank resolution framework, Central and Eastern Europe, Consultation discussion, CR, Eastern Europe, Europe, Global, ISCR, Labor market condition, Middle East, Participation capital, Q1, Solid windowtext 0.1pt, Sub-Saharan Africa, Western Hemisphere, Windowtext 0.1pt

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/280
Stock No:

1AUTEA2013001
ISBN:

9781475575088
ISSN:

1934-7685

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