Swiss Banks Reach Their Formative Stage

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

Chapter 8 in Swiss Banking, 1998, pp 127-150 from Palgrave Macmillan

Abstract: Abstract It is curious for us in this modern age to reflect upon the fact that the gold standard, as a means of national and international payment of debt, never really came into general acceptance until after the year 1870. Prior to that time, the world was on a bi-metallic standard with silver circulating jointly with gold. In the Latin Monetary Union, in which Switzerland had been a member from its inception, silver was the accepted currency with gold completely demonetised.

Keywords: Stock Exchange; Commercial Bank; Credit Market; Private Bank; Saving Bank (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_8

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DOI: 10.1007/978-1-349-26735-4_8

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