Austria

Selected Issues

The paper describes key features of the Austrian financial system, analyzes current trends in Austrian banking, and discusses appropriate regulatory responses to the changing financial environment. The paper reviews the stylized facts and the main trends in the Austrian labor market, looks at the anatomy of unemployment to identify unemployment traps and labor market rigidities. The role of the institutional and policy framework in containing unemployment and its capacity to deliver results are also evaluated. Wage flexibility and policy challenges are also discussed.
Publication date: January 2000
ISBN: 9781452778167
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Banks and Banking , Banks and Banking , Finance , Finance , ISCR , CR , bank , wage , savings bank , enterprise

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