Current Account Surpluses and the Interest Rate Island in Switzerland

Current Account Surpluses and the Interest Rate Island in Switzerland
This paper describes some long-run aspects of the Swiss balance of payments, highlighting two macroeconomic phenomena that make Switzerland stand out among other countries: first, it has had a persistent current account surplus and the largest ratio of net foreign assets to GDP in the world; second, its real interest rates have been... READ MORE...

Publication date: February 1995
ISBN 9781451844085
$15.00

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