Abstract
This paper investigates the degree of integration between local Swiss credit markets and corresponding external markets. The motivation for the paper is the frequently asserted proposition that Switzerland in a low-interest-rate country and an interest-rate island (Aeberhardt, Zumstein (1990)) on which interest rates move relatively independently of interest rates abroad.
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© 1992 Physica-Verlag Heidelberg
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Genberg, H., Helbling, T., Neftci, S. (1992). Monopoly Power in Swiss Financial Markets. In: Blattner, N., Genberg, H., Swoboda, A. (eds) Competitiveness in Banking. Studies in Contemporary Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-48846-7_16
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DOI: https://doi.org/10.1007/978-3-642-48846-7_16
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-0607-6
Online ISBN: 978-3-642-48846-7
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