Assenmacher, Katrin; Brand, Claus - In: Credit and Capital Markets – Kredit und Kapital 51 (2018) 4, pp. 621-644
On 10 June 2018, Switzerland voted against a constitutional amendment to introduce a system of sovereign money or Vollgeld. The proposal foresaw that all money be created by the central bank and that commercial banks be banned from creating demand deposits. Demand deposits would have been...