Austria: A New Iceland Example for Markets?

Rıza Kadılar
Additional contact information
Rıza Kadılar: Kadir Has University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2009, vol. 24, issue 84, 79-104

Abstract: Markets fear that, by contagion, Austrian economy may be swept away by the financial turmoil in Eastern Europe is exagger- ated. In this article we show that (i) weight of banks in the Austrian economy is comparable to what it is in the United Kingdom and the Netherlands, (ii) while Austria’s trade exposure to Eastern Europe is three to four times higher than the European average, it remains low at 3% of its GDP, (iii) the domestic real estate market does not entail an additional risk as it did not show any signs of overheating, it is not deteriorating drastically, and (iv) lastly, Austria’s public debt will stand at 65% of GDP in 2010, and this was its level in 2002 when it was trading at the same price as the Bund.

Keywords: Financial crisis; Austria; Eastern Europe (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dergipark.org.tr/tr/download/article-file/150779 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:24:y:2009:i:84:p:79-104

Access Statistics for this article

Journal of Finance Letters (Maliye ve Finans Yazıları) is currently edited by Süleyman Kale

More articles in Journal of Finance Letters (Maliye ve Finans Yazıları) from Maliye ve Finans Yazıları Yayıncılık Ltd. Şti.
Bibliographic data for series maintained by Süleyman Kale ().