{
  "title": "Switzerland: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland",
  "publication": "IMF Staff Country Reports, May 28, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/switzerland-2008-article-iv-consultation-staff-report-public-information-notice-on-the-21993",
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  "summary": "Switzerland showed impressive growth performance owing to its strong macroeconomic policies and structural reform efforts. Executive Directors emphasized the need to maintain financial stability. They welcomed the well-timed injections of liquidity into the banking system.",
  "publishDate": "2008-05-28",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Growth performance and structural reforms",
      "content": "- Switzerland showed impressive growth performance owing to its strong macroeconomic policies and structural reform efforts.\n- Directors welcomed the Long-Term Sustainability Report."
    },
    {
      "heading": "Financial stability, liquidity, and banking sector measures",
      "content": "- Executive Directors emphasized the need to maintain financial stability.\n- They welcomed the well-timed injections of liquidity into the banking system.\n- Directors welcomed the stress testing framework to improve liquidity risk management, banks’ contingency plans, and liquidity management policies."
    },
    {
      "heading": "Monetary and fiscal stance",
      "content": "- Directors commended the monetary policy stance and the strong fiscal performance.\n- They welcomed the extension of the debt-brake rule to incorporate expenditures."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject: Banking, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Income, Inflation, Insurance companies, National accounts, Prices\n- Keywords: authority, CR, current account, economy, economy well, Europe, exchange rate, financial market turmoil, Fiscal stance, Global, Income, Inflation, inflation in Switzerland, inflation outlook, Insurance companies, ISCR, overnight rate\n\n---\n\n Content in this bundle\n\n- cr08170\n  - cr08170 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr08170 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/switzerland-2008-article-iv-consultation-staff-report-public-information-notice-on-the-21993"
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    "Published: May 28, 2008",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451807400.002",
    "Switzerland showed impressive growth performance owing to its strong macroeconomic policies and structural reform efforts.",
    "Directors welcomed the Long-Term Sustainability Report.",
    "Executive Directors emphasized the need to maintain financial stability.",
    "They welcomed the well-timed injections of liquidity into the banking system.",
    "Directors welcomed the stress testing framework to improve liquidity risk management, banks’ contingency plans, and liquidity management policies.",
    "Directors commended the monetary policy stance and the strong fiscal performance.",
    "They welcomed the extension of the debt-brake rule to incorporate expenditures.",
    "Subject: Banking, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Income, Inflation, Insurance companies, National accounts, Prices",
    "Keywords: authority, CR, current account, economy, economy well, Europe, exchange rate, financial market turmoil, Fiscal stance, Global, Income, Inflation, inflation in Switzerland, inflation outlook, Insurance companies, ISCR, overnight rate",
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