Switzerland and its Banks
ISBN:
978-3-03-135906-4
Auflage:
2023
Verlag:
Springer, Springer International Publishing
Land des Verlags:
Schweiz
Erscheinungsdatum:
20.08.2024
Reihe:
Frontiers in Economic History
Format:
Softcover
Seitenanzahl:
183
Lieferung in 5-10 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
This book provides a history of Swiss banking not confined to stereotypical opinions about secret numbered accounts. Instead, the presented history covers other intriguing events and developments beyond the famous issue of banking secrecy and the corresponding scandals.
Topics covered in the book include the early financial innovations by banks in Geneva to handle the sovereign risk on bonds issued in pre-revolutionary France, the monetary chaos that led to the creation of the Swiss franc, the rather peculiar banknote competition and free-banking system in Switzerland during most of the nineteenth century, how the country and its currency became a financial safe haven after World War I, the golden age of Swiss banking when Zurich was briefly one of the largest financial centres in the world, and the exceptional shocks during and after the recent global financial crisis. In sum, a fascinating story emerges about an internationally important banking centre in oneof the most unlikely places in the world.
This book is a must-read for students, scholars, and researchers of economics and finance, as well as practitioners interested in a better understanding of economic history in general, and Swiss banking in particular.
Topics covered in the book include the early financial innovations by banks in Geneva to handle the sovereign risk on bonds issued in pre-revolutionary France, the monetary chaos that led to the creation of the Swiss franc, the rather peculiar banknote competition and free-banking system in Switzerland during most of the nineteenth century, how the country and its currency became a financial safe haven after World War I, the golden age of Swiss banking when Zurich was briefly one of the largest financial centres in the world, and the exceptional shocks during and after the recent global financial crisis. In sum, a fascinating story emerges about an internationally important banking centre in oneof the most unlikely places in the world.
This book is a must-read for students, scholars, and researchers of economics and finance, as well as practitioners interested in a better understanding of economic history in general, and Swiss banking in particular.
Schlagwörter
Global financial crisis
Financial development
UBS
Financial innovations
Financial globalisation
Geneva
Banking secrecy
Washington Agreement
Swiss franc
Swiss banking
Real estate crisis
Free-banking system
Swiss National Bank
Swiss confederation
Banknote competition
Savings-bank movement
Secret numbered accounts
Zurich as financial centre
Effects of the Great Depression
Biografische Anmerkung
Nils Herger is program manager of the central bankers’ courses at the Study Center Gerzensee – the training and research centre of the Swiss National Bank - and lecturer at the University of Bern. He holds a BA in economics from the University of Bern and an MSc and PhD in economics from the University of Exeter, United Kingdom.