Quantitative analysis and modelling can also help to establish institutional and behavioural norms to rein in patterns of instability and developing proper learning devices to deal with major shocks and regime changes. In turn, models should take into account the impact of such norms on economic developments. Central banks have a crucial role to play. There are clear complementarities between financial and monetary stability.
The flight destinations and the accumulation of top managers from companies worldwide, who use Austria as a stopover on their way toward the East and Southeast, all underline Austria’s central position. But Austria is not only a stopover location. Many multinational companies today choose Austria as their operating base for expanding into eastern markets.