Current Account Surpluses and the Interest Rate Island in Switzerland
- 1 January 1995
- journal article
- Published by International Monetary Fund (IMF) in IMF Working Papers
- Vol. 95 (24)
- https://doi.org/10.5089/9781451844085.001
Abstract
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 significantly lower than those of most other industrialized countries, earning it the labelKeywords
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