The Development of a New Swiss Banking System

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

Chapter 6 in Swiss Banking, 1998, pp 99-114 from Palgrave Macmillan

Abstract: Abstract Most of us are accustomed to think of the supply of money as an important economic variable within a complete macroeconomic system. This money supply, combined with the availability of bank credit, is a principal determinant of economic activity. By affecting the amount of credit (or its cost in terms of the interest rate) made available by the banking system, the central authority (or the central bank) can implement its monetary policy objectives as far as the economy is concerned. Moreover, when bank credit is translated into loans and deposits, the money supply is correspondingly affected. In this way economic activity can, supposedly, be controlled.

Keywords: Central Bank; Money Supply; Private Banker; Saving Bank; Note Issue (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_6

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DOI: 10.1007/978-1-349-26735-4_6

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