Front Matter

Front Matter

Benedicte Christensen
Published Date:
July 1986
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    Occasional Paper No. 45

    Switzerland’s Role as an International Financial Center

    By Benedicte Vibe Christensen

    International Monetary Fund

    Washington, D.C.

    July 1986

    ©1986 International Monetary Fund

    Library of Congress Cataloging-in-Publication Data

    Christensen, Benedicte Vibe.

    Switzerland’s role as an international financial center.

    (Occasional paper, ISSN 0251–6365; no. 45)

    Bibliography: p.

    1. Banks and banking—Switzerland. 2. Financial institutions—Switzerland. 3. Banks and banking, International. I. International Monetary Fund. II. Title. III. Series: Occasional paper (International Monetary Fund) ; no. 45. HG3204.C48 1986 332.1’5’09494 86–10375 ISBN 0–939934–74–4

    Price: US$7.50 (US$4.50 to university libraries, faculty members, and students)

    Address orders to: External Relations Department, Publications Unit International Monetary Fund, Washington, D.C. 20431


    The following symbols have been used throughout this paper:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (e.g., 1984–85 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (e.g., 1985/86) to indicate a crop or fiscal (financial) year.

    “Billion” means a thousand million.

    Minor discrepancies between constituent figures and totals are due to rounding.

    Prefatory Note

    This paper was prepared by Benedicte Vibe Christensen in the European Department of the International Monetary Fund under the direction of Gyorgy Szapary. It describes developments in international financial transactions conducted through the Swiss banking system until December 1985. The paper continues recent work in the Fund on capital markets in individual countries. It also supplements the annual description on developments in international capital markets prepared by the International Capital Markets Division of the Exchange and Trade Relations Department of the Fund.

    The study has benefited substantially from information and assistance from the Swiss National Bank and the Federal Administration of Finance. The author also acknowledges with appreciation comments and suggestions received from John T. Boorman, David Brodsky, Eliot Kalter, Leslie Lipschitz, Duncan Ripley, Gyorgy Szapary, and C. Maxwell Watson. The author is grateful to Behrouz Guerami for research assistance and to the editor, Juanita Roushdy, of the External Relations Department. The views expressed in this paper represent those of the author and not necessarily those of the Fund.

    Note: The term “country,” as used in this publication, does not in all cases refer to a territorial entity that is a state understood by international law and practice; the term also covers some territorial entities that are not states but for which statistical data are maintained and provided internationally on a separate and independent basis.

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