Fig. 14
From: Firm bankruptcies and start-up activity in Switzerland during the COVID-19 crisis
Monthly firm bankruptcy rate in Switzerland. Notes: The figure shows the monthly bankruptcy rate (= monthly seasonally adjusted frequency of total firm bankrupcties excluding SCO Art. 731b cases divided by the total stock of firms) in Switzerland over time. The stock of firms are available since September 2007 only, which limits the history of the time series. The time series seems to have a downward trend, however, this might be driven by cyclical movements both at the beginning of the series (Great Recession) and at the current end of the series (COVID-19 crisis)