Switzerland [electronic resource] : 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland.
- Washington, D.C. : International Monetary Fund, 2009.
- IMF eLibrary
IMF Staff Country Reports; Country Report No. 09/164.
IMF Staff Country Reports; Country Report No. 09/164
- Government document
1 online resource (61 p.)
- Local subjects:
- Accounting treatment.
Article IV consultation reports.
Banking sector assets.
Banks balance sheets.
Building block approach.
Capital adequacy ratio.
Financial safety net.
Government bond yield.
Interest rate policy.
Stock of debt.
Tier 1 capital.
Tier 2 capital.
Transmission of monetary policy.
- Switzerland is affected by the global crisis through the stock effect, the flow effect, and the trade effect. Along with a sharp contraction in exports, investments are now being postponed. Consumption has held up well so far, but as unemployment rises, household spending will lose momentum. The Swiss National Bank has appropriately loosened monetary policy, bringing the policy rates almost to zero. Maintaining financial stability will be essential for ensuring macroeconomic stability and growth in Switzerland.
- Description based on print version record.
- International Monetary Fund
- Other format:
- Print Version:
- Publisher Number:
- Access Restriction:
- Restricted for use by site license.
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