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Die Schweizer Banken und der Euromarkt

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Angehrn, B. Die Schweizer Banken und der Euromarkt. Journal of Contextual Economics – Schmollers Jahrbuch, 100(4), 363-381. https://doi.org/10.3790/schm.100.4.363
Angehrn, Beda "Die Schweizer Banken und der Euromarkt" Journal of Contextual Economics – Schmollers Jahrbuch 100.4, 1980, 363-381. https://doi.org/10.3790/schm.100.4.363
Angehrn, Beda (1980): Die Schweizer Banken und der Euromarkt, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 100, iss. 4, 363-381, [online] https://doi.org/10.3790/schm.100.4.363

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Die Schweizer Banken und der Euromarkt

Angehrn, Beda

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 100 (1980), Iss. 4 : pp. 363–381

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Article Details

Angehrn, Beda

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.