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A timely guide to the complex financial markets and banking secrecy of SwitzerlandSince 1934, when Switzerland … Swiss financial markets. Discusses what the Euro-debt crisis may mean for the role of Switzerland as a financial powerhouse … competition for wealth management and tax havens Switzerland is one of the largest financial markets in the world and a global …
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Chapter 1: Introduction -- Chapter 2: Finanzplatz Schweiz: Financial Center Switzerland -- Chapter 3: Swiss Banking …“Switzerland has always been a haven of stability and security. But the Swiss financial marketplace is in the midst of … book will serve you as an indispensable companion and guide to the Finanzplatz Schweiz.” --Guy Spier, Value Invester …
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The paper contains a theoretical discussion of the role of secrecy in the implementation of monetary policy. It documents the Federal Reserve's defense of secrecy as argued in a recent Freedom of Information Act suit. The Federal Reserve's arguments are evaluated on the basis of economic theory....
Persistent link: https://www.econbiz.de/10013102667
After the switch to a floating exchange rate in 1973, the Swiss National Bank at first adopted annual monetary targets and in the 1990s shifted to a medium-term targeting strategy. In this paper I review the SNBu0092s internal policy analysis, an aspect of Swiss monetary targeting that has...
Persistent link: https://www.econbiz.de/10009635971
We estimate monetary policy rules in Switzerland for 1981-1997. In addition to an inflation gap, we find that forward …
Persistent link: https://www.econbiz.de/10011430020
We analyze several identification frameworks based on operating procedures to measure monetary policy in a small open economy. We use a two-stage non-recursive VAR model to identify monetary shocks. We construct then various overall monetary policy indicators based on different residuals...
Persistent link: https://www.econbiz.de/10011430022
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