Swiss Journal of Economics and Statistics

Featured Article: 'Money demand under free banking: Switzerland 1851–1906'

Stefan Gerlach and Peter Kugler

Money demand under free banking: Switzerland 1851–1906 This paper studies money demand in Switzerland under free banking before the establishment of the Swiss National Bank. It finds that, in addition to income, the banks’ balance-sheet-to-GDP ratio and the number of banks were important determinants of long-run money demand. The former variable also played an important role in the monetary adjustment process. The research also detects a strong positive long-run impact of real income on the bank’s balance-sheet-total-to-GDP ratio and a strong long-run influence of real income and the interest rate spread on the number of banks.

Aims and scope

Founded in 1867, The Swiss Journal of Economics and Statistics (SJES) is a peer-reviewed journal which publishes theoretical and empirical contributions to any field of economics and reaches an international audience. Owned and financed by the Swiss Society of Economics and Statistics, SJES is committed to a high quality, efficient review process with a first round response time of typically less than two months. SJES particularly welcomes contributions from early-career researchers.

Content type: Original article
| 19 June 2018

On the rewards to international investing: a safe haven currency perspective

Authors: Jean-Pierre Danthine and Samuel Danthine
Content type: Original article
| 5 June 2018

International trade and unemployment: towards an investigation of the Swiss case

Authors: Lukas Mohler, Rolf Weder and Simone Wyss
Content type: Original article
| 15 May 2018

Comparative politics and the synthetic control method revisited: a note on Abadie et al. (2015)

Authors: Stefan Klößner, Ashok Kaul, Gregor Pfeifer and Manuel Schieler
Content type: Original article
| 1 May 2018

Interest-parity conditions during the era of the classical gold standard (1880–1914)—evidence from the investment demand for bills of exchange in Europe

Authors: Nils Herger
Content type: Original article
| 17 April 2018

The Swiss franc safety premium

Authors: Jessica Leutert

Most recent articles RSS

View all articles

Content type: Conference key note
| 25 January 2018

Economics: the view from below

Authors: Marion Fourcade
Content type: Original article
| 25 January 2018

The sovereign money initiative in Switzerland: an economic assessment

Authors: Philippe Bacchetta
Content type: Original article
| 3 April 2018

The economics of secession: a review of legal, theoretical, and empirical aspects

Authors: Thierry Madiès, Grégoire Rota-Grasiozi, Jean-Pierre Tranchant and Cyril Trépier
Content type: OriginalPaper
| 28 December 2013

Public debt and economic growth in advanced economies: A survey

Authors: Ugo Panizza and Andrea F. Presbitero
Content type: Editorial
| 25 January 2018

Swiss Journal of Economics and Statistics

Authors: Martin Brown, Volker Grossmann, Rafael Lalive and Cédric Tille

Most accessed articles RSS

View all articles

Editor profiles

Editor-in-Chief: Rafael Lalive, University of Lausanne

Rafael Lalive is Professor of Economics at the Faculty of Business and Economics of University of Lausanne. Rafael's work focuses on questions related to labor market policy, family policy, and social economics.

Co-Editor: Martin Brown, University of St. Gallen

Martin Brown is Full Professor of Banking at the University of St.Gallen. His research has focused on financial intermediation, household finance and organizational economics.

Co-Editor: Volker Grossmann, University of Fribourg

Volker Grossmann is Full Professor in the Department of Economics at the University of Fribourg. Volker's current research interests include: macroeconomics of housing; distribution of income and human capital formation.

Co-Editor: Cédric Tille, Graduate Institute Geneva

Cédric Tille is Professor of Economics at the Graduate Institute Geneva. Cédric's current research focuses on international finance and macroeconomics.