1992 | OriginalPaper | Buchkapitel
Monopoly Power in Swiss Financial Markets
verfasst von : Hans Genberg, Thomas Helbling, Salih Neftci
Erschienen in: Competitiveness in Banking
Verlag: Physica-Verlag HD
Enthalten in: Professional Book Archive
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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.