Advance praise: 'Two of Switzerland's most respected monetary economists offer us their unique perspective on two centuries of money and banking in Switzerland. Comprehensive and eminently readable, this is an excellent primer for anyone interested in Swiss financial history. Sweeping historical narrative, informative graphs, and careful econometric evidence give a fascinating overview of the evolution of the Swiss monetary system.' Stefan Gerlach, Chief Economist of BSI Bank and former Deputy Governor of the Central Bank of Ireland, 201115

Autorentext

Ernst Baltensperger is Professor Emeritus of macroeconomics at Universität Bern, Switzerland and former director of the study center Gerzensee of the Swiss National Bank. He studied economics at Universität Zürich and received his Ph.D. in economics from The Johns Hopkins University. He was an advisor to the Swiss National Bank and the Swiss Government, and served as an editor of several academic journals.

Klappentext

This book describes the rise of the Swiss Franc to its current status as a strong currency of international importance.

Inhalt

Introduction; Part I. Political and Economic Development of Switzerland: 1. The Swiss political system and general economic development since the formation of the Federal State (1848); Part II. A Chronological Review of Swiss Monetary History in the 19th and 20th Century: 2. Creation of a national currency (184881); 3. The long road to a Swiss central bank (188114); 4. World War I and the postwar period (191429); 5. From the Great Depression to World War II (192945); 6. Switzerland under the system of Bretton Woods (194573); 7. The era of flexible exchange rates (1973resent); Part III. Key Questions and General Insights from Swiss Monetary Experience: 8. The Swiss experience with currency and note issue competition 182505; 9. Swiss money demand and supply 185110; 10. The Swiss interest island 183770; 11. The Swiss Franc at the foreign exchange market 185010; 12. Monetary and macroeconomic effects of Swiss banking and finance 189010; Conclusion; Bibliography; Index.