By Niklaus Blattner, Hans Genberg, Alexander Swoboda
Oliver Landmann no one has to be confident of the significance of banking for the Swiss economic climate. The monetary region grew good above usual some time past decade and now money owed for nearly 10 % of GDP. in comparison to the economy-wide regular, it creates greater than double as a lot price additional consistent with worker and it's a significant contributor to Swiss ex port sales. yet this is often no reason for complacency. The is subjf:ct to swift swap because the aggressive weather has turn into rougher nationally and the world over. significant structural weaknesses have corne to the outside which bring up severe questions about the level of the necessary structural alterations. hence, banking was once a fantastic candidate for a big case learn within the framework of the nationwide examine Programme No. 28 that's dedicated to Switzerland's exterior fiscal demanding situations. The programme used to be commissioned by way of the Swiss govt and is performed by way of the Swiss nationwide technology beginning. The learn venture at the fmancial zone was once directed by means of Professors Niklaus Blattner, Hans Genberg and Alexander Swoboda who assembled a staff of analysis economists from the Graduate Institute of overseas reports, the overseas Centre for financial and Banking experiences (both at Geneva) and the Labour and business Economics learn Unit on the collage of Basel. This joint examine attempt has yielded a powerful crop of descriptive information, analytical insights and policy-oriented conclusions.