Herger, Nils - In: Swiss journal of economics and statistics 157 (2021) 1, pp. 1-12
The free-banking history of Switzerland is subdivided into periods with unfettered competition (1826-1881), and strict banknote regulation (1881-1907). This paper suggests that the Federal Banknote Act of 1881 was introduced to remedy the fragmentation of the unfettered-competition period,...