The Tragedy of War and the Dawn of a New Era

Hans Bauer and Warren J. Blackman
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Hans Bauer: Swiss Bank Corporation
Warren J. Blackman: The University of Calgary

Chapter 12 in Swiss Banking, 1998, pp 221-255 from Palgrave Macmillan

Abstract: Abstract Most Swiss bankers must have been well aware of the coming catastrophe of World War II. With preparations for the coming war being laid down long in advance of the outbreak of hostilities, it was just a matter of when, not if. Since the historical relationship between Germany and Switzerland had always been strong, and the objectives of Hitler were so well publicised, it must have been obvious to everyone, especially bankers, that war was inevitable. This contrasted sharply with World War I which took Switzerland, and all the world for that matter, completely by surprise. It was next to impossible, save for seers and fortune tellers, to foresee the events of August 1914. By contrast, the invasion of Poland in 1939 could hardly have been anything but expected.

Keywords: International Monetary Fund; Foreign Exchange; Banking System; Money Supply; Foreign Asset (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26735-4_12

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DOI: 10.1007/978-1-349-26735-4_12

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