Current Account Surpluses and the Interest Rate Island in Switzerland /

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,...

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Bibliographic Details
Main Author: Mauro, Paolo
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF Working Papers; Working Paper ; No. 1995/024
Online Access:Full text available on IMF