Switzerland: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland

May 28, 2008

Preview Citation

Format: Chicago

Switzerland: 2008 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Switzerland, (USA: International Monetary Fund, 2008) accessed November 23, 2024

Summary

Switzerland showed impressive growth performance owing to its strong macroeconomic policies and structural reform efforts. Executive Directors emphasized the need to maintain financial stability. They welcomed the well-timed injections of liquidity into the banking system. Directors also welcomed the stress testing framework to improve liquidity risk management, banks’ contingency plans, and liquidity management policies. They commended the monetary policy stance and the strong fiscal performance. They welcomed the Long-Term Sustainability Report and also the extension of the debt-brake rule to incorporate expenditures.

Subject: Banking, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Income, Inflation, Insurance companies, National accounts, Prices

Keywords: Authority, CR, Current account, Economy, Economy well, Europe, Exchange rate, Financial market turmoil, Fiscal stance, Global, Income, Inflation, Inflation in Switzerland, Inflation outlook, Insurance companies, ISCR, Overnight rate

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/170
Stock No:

1CHEEA2008001
ISBN:

9781451807400
ISSN:

1934-7685

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