Switzerland: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland
IMF Staff Country Reports, May 26, 2009
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- Switzerland: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland
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Bibliographic details
- Published: May 26, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451807417.002
Key findings on crisis transmission and macroeconomic effects
- Switzerland is affected by the global crisis through the stock effect, the flow effect, and the trade effect.
- Exports are undergoing a sharp contraction.
- Investments are being postponed.
- Consumption has held up well so far, but as unemployment rises, household spending will lose momentum.
Monetary policy response
- The Swiss National Bank has appropriately loosened monetary policy, bringing the policy rates almost to zero.
- The SNB balance sheet and repo transaction operations are noted among keywords related to monetary policy stance.
Financial stability and policy priorities
- Maintaining financial stability will be essential for ensuring macroeconomic stability and growth in Switzerland.
- Subject areas highlighted include: Banking, Deposit insurance, Financial crises, Financial institutions, Financial sector, Insurance, Insurance companies.
Data, publication, and metadata (preserved exactly)
- Date: May 26, 2009
- Pages: 61
- Volume: 2009
- Issue: 164
- Series: Country Report No. 2009/164
- Stock No: 1CHEEA2009001
- DOI: https://doi.org/10.5089/9781451807417.002
- ISBN: 9781451807417
- ISSN: 1934-7685
Keywords and subjects (as provided)
- Subject: Banking, Deposit insurance, Economic sectors, Financial crises, Financial institutions, Financial sector, Income, Insurance, Insurance companies, National accounts, Personal income
- Keywords: Asia and Pacific, asset, CR, Financial sector, Global, headline inflation, IMF staff projection, Income, Insurance, Insurance companies, introduced SNB bill, ISCR, monetary policy stance, repo transaction, SNB balance sheet, Switzerland
Source: Switzerland: 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland, May 26, 2009; DOI: https://doi.org/10.5089/9781451807417.002