Year: 1980
Author: Angehrn, Beda
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 100 (1980), Iss. 4 : pp. 363–381
Abstract
This paper describes and analyzes both quantitatively and qualitatively the interrelationships between Swiss banks and the financial markets abroad (especially the Euromarkets). It is shown that Switzerland's balance of payments, Switzerland's interest rate level, the exchange rate of the Swiss franc as well as Swiss monetary policies are influenced and in part even determined by those interrelationsships. Subsequently, the paper addresses the implications of those interrelationships for controlling the money supply, establishing that even after the emergence of flexible exchange rates, repatriations of Swiss banks' investments on the Euromarket may result in a higher money supply.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.100.4.363
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 100 (1980), Iss. 4 : pp. 363–381
Published online: 1980-04
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 19