“Finanzplatz steuert auf eine Verstaatlichung der UBS zu (Switzerland on its Way to Nationalizing UBS),” NZZ, 2023

Neue Zürcher Zeitung, March 22, 2023. PDF.

  • How to respond? Nationalization now rather than later? Breaking UBS up? Placing government representatives on the supervisory board?
  • Illiquidity crises and the lender of last resort.
  • Vollgeld, higher reserve requirements, and CBDC as partial solutions to TBTF problems.