ABSTRACT
Austria has maintained one of the highest investment ratios of all Western industrial countries. Austria's investment quota increased both in nominal and real terms, even though the mood in the German Federal Republic, a considerable factor in Austria's business sector, has grown increasingly gloomy. For Austria, development of the most important forms of savings; for German Federal Republic, private households. The vitality and crisis resistance of Austria's medium-sized entrepreneurial structures testify to the effectiveness of its market policy. Austria's post-1973 economic policy protected its businessmen and investors against the danger to investment planning posed by completely incalculable monetary exchange- and interest-rate risks. Austria's economic policy decisions of the seventies to keep the exchange value of the schilling stable and monetary policy out of the regulation of domestic demand via changes of investment profitability have created an eminently pro-middle-class investment climate.
