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Austria: 2012 Article IV Consultation: Staff Report; Informational Annex; Statement by the Staff Representative; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Austria

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  • International Monetary Fund

Abstract

Austria has relatively strong macroeconomic fundamentals, but also deep ties with the rest of the euro area. The legacy of an overly ambitious eastward financial sector expansion has created substantial challenges to its policymakers. Policies have been designed to preserve market confidence, increase resilience against future adverse external spillovers, and boost potential growth. The Austrian supervisory authorities have also introduced a set of macroprudential guidelines to strengthen the resilience of the banking sector. However, improvements in the fiscal governance framework have not advanced as expected.

Suggested Citation

  • International Monetary Fund, 2012. "Austria: 2012 Article IV Consultation: Staff Report; Informational Annex; Statement by the Staff Representative; Public Information Notice on the Executive Board Discussion; and Statement by the Execu," IMF Staff Country Reports 2012/251, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/251
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=26223
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    Citations

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    Cited by:

    1. International Monetary Fund, 2012. "Liberia: 2012 Article IV Consultation," IMF Staff Country Reports 2012/340, International Monetary Fund.
    2. Wang, Di & Wang, Dong & Wang, Weiren, 2012. "A case of Timor-Leste: From independence to instability or prosperity?," MPRA Paper 43751, University Library of Munich, Germany.
    3. Ansgar Belke & Daniel Gros & Alcidi Cinzia & Leonor Coutinho & Alessandro Giovannini, 2014. "Exit State-of-play in Implementing Macroeconomic Adjustment Programmes in the Euro Area," ROME Working Papers 201405, ROME Network.
    4. Gros, Daniel & Alcidi, Cinzia & Belke, Ansgar & Coutinho, Leonor & Giovannini, Alessandro, 2014. "State-of-Play in Implementing Macroeconomic Adjustment Programmes in the Euro Area," Ruhr Economic Papers 482, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.

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