TITLE

The Swiss Way to Beat a Crisis

AUTHOR(S)
Schmieding, Holger
PUB. DATE
December 2008
SOURCE
Newsweek (Pacific Edition);12/15/2008 (Pacific Edition), Vol. 152 Issue 24, p44
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses how Switzerland prepared for the world financial crisis by making its industries open to competition, setting its own interest rates, and by flooding the money market to keep interest rates low. Because the country reacted quickly to the crisis, they had less need for an economic stimulus plan, and were able to design a bank bailout for their own bank, UBS AG.
ACCESSION #
35807702

 

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