The Origins of the Swiss Banking Secrecy Law and Its Repercussions for Swiss Federal Policy

Details

Ressource 1Download: serval:BIB_16970.P001 (1913.07 [Ko])
State: Public
Version: author
License: Not specified
It was possible to publish this article open access thanks to a Swiss National Licence with the publisher.
Serval ID
serval:BIB_16970
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
The Origins of the Swiss Banking Secrecy Law and Its Repercussions for Swiss Federal Policy
Journal
Business History Review
Author(s)
Guex Sébastien
ISSN
0007-6805
2044-768X
Publication state
Published
Issued date
06/2000
Peer-reviewed
Oui
Volume
74
Number
2
Pages
237-266
Language
english
Abstract
For all its notoriety and controversial character, the history of Swiss banking secrecy remains largely unexplored. This article traces the crucial phases of its development. It reveals that the maintenance and reinforcement of banking secrecy represented a major objective of Swiss authorities throughout the twentieth century, and exerted a substantial influence on Swiss domestic and foreign policy. It demonstrates that, contrary to popular opinion, the institution of Swiss banking secrecy did not arise from a desire to protect the funds deposited in Switzerland by Jewish victims of Nazi persecution but rather had substantially different origins. Moreover, this article shows that Swiss banking secrecy gave rise to tensions between Switzerland and the Great Powers, especially during and after World War II, when it poisoned relations between Switzerland and the United States.
Web of science
Open Access
Yes
Create date
19/11/2007 9:38
Last modification date
01/10/2019 6:16
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