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

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 th...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2008.
Series:IMF Staff Country Reports; Country Report ; No. 2008/170
Online Access:Full text available on IMF
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520 3 |a 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. 
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