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> Afaik Switzerland is not yet a fully financialized economic system but it's certainly up there. The future will be interesting for them. Too late. I can't fi
by TMWNN 4y ago
> Afaik Switzerland is not yet a fully financialized economic system but it's certainly up there. The future will be interesting for them.
Too late. I can't find the data at the moment, but deposits in Swiss banks are more than 400% of GDP. (The US's economy is about the least reliant on financials, with deposits at slightly more than 100% of GDP.)
- TMWNN 4y agoFound the data, from Swiss National Bank itself. Switzerland's banking assets are 520% of national GDP, compared to US's about 120% GDP. <https://www.snb.ch/en/mmr/reference/stabrep_2022/source/stabrep_2022.en.pdf https://www.snb.ch/en/mmr/reference/stabrep_2022/source/stab...>