Die neuen Liquiditätsvorschriften und die Durchführung der Geldpolitik in der Schweiz

Urs Graf

Swiss Journal of Economics and Statistics (SJES), 1993, vol. 129, issue I, 3-22

Abstract: The new liquidity requirements replaced a system characterized by several disadvantages. In public discussions of the new system, the introduction of a lagged reserve accounting regime did not attract much attention. Under certain conditions, a system with lagged reserve requirements may be expected to improve money control efficiency. However, there remain some doubts about the suitability of this approach in the Swiss case.

Date: 1993
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