Thursday , June 21 2018
Home / SNB / 2018-03-05 – Media – Sovereign money initiative

2018-03-05 – Media – Sovereign money initiative

Summary:
Sovereign money initiative The Swiss popular initiative ‘For crisis-resistant money: end fractional-reserve banking’ (Vollgeld-Initiative) will be put to a vote in a national referendum on 10 June 2018. The initiative calls for the introduction of a sovereign money system in Switzerland. Both the Federal Council and the Swiss parliament oppose the initiative, as does the SNB. The following pages provide background information and explain the rationale for the SNB’s position. The SNB’s position in brief PDF The SNB’s arguments

Topics:
Swiss National Bank considers the following as important:

This could be interesting, too:

International Settlement writes US monetary policy and fluctuations of international bank lending

International Settlement writes Has inflation targeting become less credible?

Swiss National Bank writes 2018-06-21 – Speech – Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank: Introductory remarks by Thomas Jordan

Swiss National Bank writes 2018-06-21 – Speech – Fritz Zurbrügg, Vice Chairman of the Governing Board of the Swiss National Bank: Introductory remarks by Fritz Zurbrügg

Sovereign money initiative

The Swiss popular initiative ‘For crisis-resistant money: end fractional-reserve banking’ (Vollgeld-Initiative) will be put to a vote in a national referendum on 10 June 2018. The initiative calls for the introduction of a sovereign money system in Switzerland. Both the Federal Council and the Swiss parliament oppose the initiative, as does the SNB. The following pages provide background information and explain the rationale for the SNB’s position.

The SNB’s position in brief
PDF
The SNB’s arguments
PDF
FAQs
PDF
Speech by Thomas Jordan: How money is created by the central bank and the banking system

Other links

Dispatch of the Federal Council on the popular initiative ‘For crisis-resistant money: end fractional-reserve banking’ (Vollgeld-Initiative) (9 November 2016) (in German) (www.admin.ch)
Dispatch of the Federal Council on the popular initiative ‘For crisis-resistant money: end fractional-reserve banking’ (Vollgeld-Initiative) (9 November 2016) (in French) (www.admin.ch)
Dispatch of the Federal Council on the popular initiative ‘For crisis-resistant money: end fractional-reserve banking’ (Vollgeld-Initiative) (9 November 2016) (in Italian) (www.admin.ch)
Swiss National Bank
The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.

Leave a Reply

Your email address will not be published. Required fields are marked *