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Historical Background

In: Switzerland and its Banks

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  • Nils Herger

    (Study Center Gerzensee)

Abstract

The general historical background of Switzerland has obviously had a major influence on the local banking system. This chapter provides a synoptic overview of Switzerland’s history by focusing on elements that are important to understand the development of the Swiss banking sector. In particular, this history can be subdivided into two major periods. The years before 1848 cover the so-called Old Confederation, when Switzerland was not a state in the modern sense, but merely represented a loose club of cantons (i.e., Swiss provinces) without a permanent federal government, a standing army, an internal market, or a common currency. The current political regime was adopted only with the Federal Constitution of 1848.

Suggested Citation

  • Nils Herger, 2023. "Historical Background," Frontiers in Economic History, in: Switzerland and its Banks, chapter 0, pages 9-27, Springer.
    • Handle: RePEc:spr:frochp:978-3-031-35904-0_2
    DOI: 10.1007/978-3-031-35904-0_2
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