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Swiss Banks Reach Their Formative Stage

In: Swiss Banking

Author

Listed:
  • Hans Bauer

    (Swiss Bank Corporation)

  • Warren J. Blackman

    (The University of Calgary)

Abstract

It is curious for us in this modern age to reflect upon the fact that the gold standard, as a means of national and international payment of debt, never really came into general acceptance until after the year 1870. Prior to that time, the world was on a bi-metallic standard with silver circulating jointly with gold. In the Latin Monetary Union, in which Switzerland had been a member from its inception, silver was the accepted currency with gold completely demonetised.

Suggested Citation

  • Hans Bauer & Warren J. Blackman, 1998. "Swiss Banks Reach Their Formative Stage," Palgrave Macmillan Books, in: Swiss Banking, chapter 8, pages 127-150, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26735-4_8
    DOI: 10.1007/978-1-349-26735-4_8
    as

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