Contribution of the Austrian Government's Financial Market Interventions by HETA Asset Resolution AG to the Stabilisation of the Austrian Financial Market
Pursuant to Section 1 (1) of the Financial Market Stability Act, the Federal Minister of Finance is authorised to take measures to recapitalise legal entities (credit institutions and insurance companies) in order to remedy a serious disturbance in the Austrian economy, to ensure macroeconomic equilibrium and to protect the Austrian economy. WIFO investigates the contribution of the individual intervention steps of the federal government to the stabilisation of the Austrian financial market and thus to economic development in Austria through its financial market investment company, which was founded in 2008 and dissolved again in 2016, and HETA.