Switzerland: Selected Background Issues

International Monetary Fund

No 1996/032, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Switzerland; capital; asset; rate of return; investment income; background issues paper consist; export price; income credit; interest rate differential; investments assets; GDP ratio; Capital accumulation; Real interest rates; Exports; Export prices; Personal income; Global (search for similar items in EconPapers)
Pages: 67
Date: 1996-05-07
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