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Switzerland's Industrialized Economy
Beginning of essay
Switzerland’s has a developed industrialized economy, and has one of the highest standards of living. It is a major financial center of the world, and is known for it’s stable Swiss banks. Switzerland is known for it’s traditional secrecy regarding banking transactions. The Zurich Stock Exchang ....
Middle of essay
....ational Bank still maintains control of monetary policy, and a disadvantage is its trade flows with other “Euro” members.
Inflation is a big issue, and the Swiss National Bank controls it by monetary policy. Switzerland’s policy will remain tight until inflation is brought down further. Foreign banks that wish to set up a business in Switzerland mush obtain prior approval from the Swiss Banking Commission. There are very important factors that a foreign bank must meet to be set up in Swit.... |
| Number of words: 639 |
Approximate pages: 3 |
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