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International Monetary Fund. External Relations Dept.

Austria’s economy is doing well, and one of the building blocks of its economic success is the banking sector, which has been expanding rapidly in central, eastern, and southeastern Europe (CESE). This process has been highly profitable and has helped financial deepening in the region. It is, however, not without risk. Therefore, it needs to be accompanied by a strong focus on risk management by the banks and effective cross-border cooperation between supervisors in Austria and CESE.

International Monetary Fund. External Relations Dept.

04/78: “Empirical Modeling of Contagion: A Review of Methodologies,” Mardi Dungey, Renee Fry, Brenda Gonzalez-Hermosillo, and Vance Martin