Free Banking and the Foundation of the Swiss National Bank (1826–1907)

Nils Herger
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Nils Herger: Study Center Gerzensee

Chapter Chapter 4 in Switzerland and its Banks, 2023, pp 47-59 from Springer

Abstract: Abstract This chapter deals with the historically rather peculiar free-banking period of Switzerland, which was characterised by the absence of regulations on issuing money in the form of banknotes. Concretely, this implied that a large number of commercial banks were active in the market for paper money by issuing their own forms of banknotes in a more or less competitive manner. The free-banking period ended in 1907 with the relatively late introduction of a government banknote monopoly and the associated foundation of the Swiss National Bank (SNB) in 1907.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:frochp:978-3-031-35904-0_4

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DOI: 10.1007/978-3-031-35904-0_4

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