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Finanzkrise in Südostasien – Auswirkungen auf Österreich

Author

Listed:
  • Franz R. Hahn

    (WIFO)

  • Markus Marterbauer

    (WIFO)

  • Stephan Schulmeister
  • Jan Stankovsky

    (WIFO)

Abstract

Das Ausmaß der Finanz- und Wirtschaftskrise in Südostasien kann noch nicht vollständig abgeschätzt werden. Die dämpfenden Effekte auf die Wirtschaftsentwicklung in Österreich sollten aber sehr verhalten bleiben: Die direkte Handelsverflechtung der österreichischen Wirtschaft mit der Krisenregion ist sehr gering (1½% des Exports), die wichtigsten österreichischen Handelspartner sind nicht überproportional betroffen, und in Europa scheinen sich die Kräfte eines selbsttragenden Konjunkturaufschwungs in jüngster Zeit eher verstärkt zu haben. Zudem sind die österreichischen Banken in Asien nicht sehr engagiert – das aushaftende Kreditvolumen umfaßt etwa 1¼% der Bilanzsumme. Dennoch sollte die Finanzkrise auf internationaler Ebene zum Anlaß für wirtschaftspolitische Regulierungsmaßnahmen zur Stabilisierung sowohl der Wechselkurse zwischen den wichtigsten Weltwährungen als auch des internationalen Finanzsystems genommen werden.

Suggested Citation

  • Franz R. Hahn & Markus Marterbauer & Stephan Schulmeister & Jan Stankovsky, 1998. "Finanzkrise in Südostasien – Auswirkungen auf Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(3), pages 141-153, March.
    • Handle: RePEc:wfo:monber:y:1998:i:3:p:141-153
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    References listed on IDEAS

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    1. Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998. "Leading Indicators of Currency Crises," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
    2. Asea, Patrick K. & Blomberg, Brock, 1998. "Lending cycles," Journal of Econometrics, Elsevier, vol. 83(1-2), pages 89-128.
    3. Guillermo Larraín & Helmut Reisen & Julia von Maltzan, 1997. "Emerging Market Risk and Sovereign Credit Ratings," OECD Development Centre Working Papers 124, OECD Publishing.
    4. Graciela Laura Kaminsky, 1997. "Leading Indicators of Currency Crises," IMF Working Papers 1997/079, International Monetary Fund.
    5. Goldfajn, Ilan & Valdes, Rodrigo O., 1998. "Are currency crises predictable?," European Economic Review, Elsevier, vol. 42(3-5), pages 873-885, May.
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    Cited by:

    1. Franz R. Hahn, 1998. "Currency Crises. A Challenge for Economic Theory and Policy," Austrian Economic Quarterly, WIFO, vol. 3(4), pages 183-190, October.
    2. Peter Egger & Jan Stankovsky, 1998. "Far East Markets. Attractive for Austria in Spite of the Crisis," Austrian Economic Quarterly, WIFO, vol. 3(4), pages 191-207, October.

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