Banking in Switzerland
Oliver Landmann Nobody needs to be convinced of the importance of banking for the Swiss economy. The financial sector grew well above average in the past decade and now accounts for almost 10 % of GDP. Compared to the economy-wide average, it creates more
- PDF / 24,071,300 Bytes
- 324 Pages / 439 x 666 pts Page_size
- 7 Downloads / 218 Views
Editorial Board D.Bos B. Felderer
B. Gahlen H. J. Ramser K. W. Rothschild
Niklaus Blattner· Hans Genberg Alexander Swoboda (Eds.)
Banking in Switzerland With 36 Figures and 40 Tables
Physica-Verlag A Springer-Verlag Company
Professor Dr. Niklaus Blattner Labour and Industrial Economics Research Unit (LIU) Missionsstr. 64 A CH-4055 Basel, Switzerland Professor Dr. Hans Genberg International Centre for Monetary and Banking Studies (lCMB) 11 A Avenue de la Paix CH-1211 Geneva 21, Switzerland Professor Dr. Alexander Swoboda Graduate Institute of International Studies (IUHEI) 132 Rue de Lausanne CH-1211 Geneva 21, Switzerland
ISBN 978-3-7908-0735-6 ISBN 978-3-642-51516-3 (eBook) DOI 10.1007/978-3-642-51516-3 Die Deutsche Bibliothek - C1P-Einheitsaufnahme Banking in Switzerland: with 40 tables I Niklaus Blattner ... (Eds.). Heidelberg: Physica-Verl., 1993 (Studies in contemporary economics) NE: Blattner, Niklaus [Hrsg.j This work is subject to copyright. All rights are reserved, whether the whole or part ofthe material is concerned, specifically the rights of translation, reprinting, reuse of illustration, recitation, broadcasting, reproduction on microfilms or in other ways, and storage in data banks. Duplication of this publication or parts thereof is only permitted under the provisions of the German Copyright Law of September 9, 1965, in its version of June 24, 1985, and a copyright fee must always be paid. Violations fall under the prosecution act of the German Copyright Law. © Physica-Verlag Heidelberg 1993 The use of registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. 8817130-543210 - Printed on acid-free paper
Preface
Oliver Landmann
Nobody needs to be convinced of the importance of banking for the Swiss economy. The financial sector grew well above average in the past decade and now accounts for almost 10 % of GDP. Compared to the economy-wide average, it creates more than double as much value added per employee and it is a major contributor to Swiss export revenues. But this is no cause for complacency. The industry is subjf:ct to rapid change as the competitive climate has become rougher nationally and internationally. Major structural weaknesses have corne to the surface which raise serious questions about the extent of the required structural adjustments. Thus, banking was an ideal candidate for a major case study in the framework of the National Research Programme No. 28 which is devoted to Switzerland's external economic challenges. The programme was commissioned by the Swiss government and is carried out by the Swiss National Science Foundation. The research project on the fmancial sector was directed by Professors Niklaus Blattner, Hans Genberg and Alexander Swoboda who assembled a team of research economists from the Graduate Institute of International Studies, the International Centre for Monetary and Banking Studies
