1st Edition

The Swiss National Bank: An Unconventional History

By Mikael Huber Copyright 2026
286 Pages 19 B/W Illustrations
by Routledge

286 Pages 19 B/W Illustrations
by Routledge

Echoing new trends in central banking history, this book traces the story of the Swiss National Bank from the end of World War II, going beyond monetary policy and inflation to explore the full scope of the bank’s activities. Drawing on extensive archival research, it examines the broader landscape in which the central bank operated, including the role of Swiss banks, government oversight via... Read more

 List of figures

List of tables

Preface

Introduction

1.The economic conditions and the instruments

2.After the storm: Change in slow motion, 1945–1958         

3.Instruments against overheating, 1959–1970    

4.Heading towards another paradigm, 1971–1983

Conclusion                    

Bibliography

Index  

Biography

Mikael Huber is Head of Financial and Tax Policy at the Swiss Federation of Small and Medium-Sized Enterprises (Schweizerische Gewerbeverband, sgv) and Member of the Swiss Competition Commission. He previously worked as an economist at the Federal Finance Administration and as a policy analyst in the Swiss Parliament. He conducted research at the University of Zurich under Professor Tobias Straumann and holds degrees in international finance (University of Picardie Jules Verne) and public economics (University of Paris 1 Panthéon-Sorbonne). His expertise bridges institutional practice and academic research in Swiss economic policy.

Monetary historians usually focus on monetary aggregates, interest rates, foreign exchange reserves and exchange rates to understand the history of a central bank. Mikael Huber is the first scholar who takes a comprehensive view to understand how the Swiss National Bank conducted its monetary policy in the postwar decades. The effort was worthwhile. His study is highly revealing and innovative.

- Professor Dr. Tobias Straumann, full professor of modern and economic history at the Faculty of Arts and Social Sciences at the University of Zurich.