Historical Background

Nils Herger
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Nils Herger: Study Center Gerzensee

Chapter Chapter 2 in Switzerland and its Banks, 2023, pp 9-27 from Springer

Abstract: Abstract The general historical background of Switzerland has obviously had a major influence on the local banking system. This chapter provides a synoptic overview of Switzerland’s history by focusing on elements that are important to understand the development of the Swiss banking sector. In particular, this history can be subdivided into two major periods. The years before 1848 cover the so-called Old Confederation, when Switzerland was not a state in the modern sense, but merely represented a loose club of cantons (i.e., Swiss provinces) without a permanent federal government, a standing army, an internal market, or a common currency. The current political regime was adopted only with the Federal Constitution of 1848.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:frochp:978-3-031-35904-0_2

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DOI: 10.1007/978-3-031-35904-0_2

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