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Financial System Stability Assessment for US could be found here somewhere – this one if for Austria – but they are made for each country –

[ . . ]

– Nonetheless, certain potential sources of strain need to be monitored closely. Some
Austrian banks have taken on large exposures to CESE and CIS countries that exhibit rapid
growth in lending (much of it in foreign currency) and macroeconomic imbalances, which
may correct abruptly, leading to deteriorating loan quality. The increase in general risk
aversion associated with the recent turbulence may exacerbate these strains. Furthermore,
while these countries are diverse, contagion is possible through trade and investment
linkages, and through the stance of international investors who may treat the region as a
single asset class. Higher funding costs associated with the current global financial turmoil
are likely to slow credit expansion, which could lead to a desirable “soft landing,” but could
be followed by a sharper cycle of lower investment and deteriorating portfolio quality. Stress
tests corroborate that managing credit risk in Austria, CESE, and the CIS is the main
potential challenge for Austrian banks; a particular concern is the sizable indirect foreign
exchange risk through foreign currency lending at home and abroad. Finally, operational
risks and risks of political instability and/or an unpredictable judiciary remain to some degree
in several of these countries.

(( This is from financial asessment – [for Austria]  – 2008 ))

INTERNATIONAL MONETARY FUND
AUSTRIA
Financial System Stability Assessment—Update
Prepared by the Monetary and Capital Markets and European Departments
Approved by Jaime Caruana and Alessandro Leipold
May 22, 2008

This Financial System Stability Assessment (FSSA) Update is based on work of the Financial Sector Assessment
Program (FSAP) Update team, which visited Austria in November-December 2007.

http://www.fma.gv.at/cms/site//attachments/8/7/9/CH0359/CMS1213781091720/austria_fsap_update_fssa_may_08.pdf

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