Switzerland: Selected Background Issues
May 7, 1996
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This Selected Background Issues paper on Switzerland reviews a few monetary and exchange rate issues, including questions related to the monetary policy framework and the assessment of recent monetary conditions and exchange rate developments. The paper examines the Swiss savings and investment levels from a welfare point of view, employing for this purpose some “golden rule” criteria of capital accumulation put forward in the academic literature. It finds that, with its unusually high levels of saving, Switzerland may be one of the few advanced industrialized countries that strictly fulfills the “golden rule” criteria.
Subject: Capital accumulation, Export prices, Exports, Financial services, International trade, National accounts, Personal income, Prices, Real interest rates
Keywords: asset, background issues paper consist, capital, Capital accumulation, CR, export price, Export prices, Exports, GDP ratio, Global, income credit, interest rate differential, investment income, investments assets, ISCR, Personal income, rate of return, Real interest rates, Switzerland
Pages:
67
Volume:
1996
DOI:
Issue:
032
Series:
Country Report No. 1996/032
Stock No:
1CHEEA0021996
ISBN:
9781451807226
ISSN:
1934-7685
Notes
This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
