Euro-Banking and the Swiss Banking Paradigm

W. Blackman
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W. Blackman: The University of Calgary

Chapter 3 in Swiss Banking in an International Context, 1989, pp 54-77 from Palgrave Macmillan

Abstract: Abstract The post-Second World War period has been by far the most significant for the development of Swiss banks. Its significance lies in the fact that during this period, borrowed funds increased to become the most important part of the balance sheet funding for the major banks of Switzerland. Otherwise known as ‘outside funds’ (Fremde Gelder), these became the source of the banks’ resources to be used for lending. The banks’ own resources, capital, retained profits, etc., steadily declined in significance. It is in this decline that we can begin to recognise the process of evolution toward the ultimate ‘engines of credit’ that Saint Simon had originally conceived.

Keywords: Interest Rate; Banking System; Commercial Bank; High Interest Rate; Foreign Exchange Market (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10656-1_3

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DOI: 10.1007/978-1-349-10656-1_3

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