This in-depth study of the decision-making processes of the early 2000s shows that the Swiss consensus democracy has changed considerably. Power relations have transformed, conflict has increased, coalitions have become more unstable and outputs less predictable. Yet these challenges to consensus politics provide opportunities for innovation.

This book describes the remarkable path which led to the Swiss Franc becoming the strong international currency that it is today. Ernst Baltensperger and Peter Kugler use Swiss monetary history to provide valuable insights into a number of issues concerning the organization and development of monetary institutions and currency that shaped the structure of financial markets and affected the economic course of a country in important ways. They investigate a number of topics, including the functioning of a world without a central bank, the role of competition and monopoly in money and banking, the functioning of monetary unions, monetary policy of small open economies under fixed and flexible exchange rates, the stability of money demand and supply under different monetary regimes, and the monetary and macroeconomic effects of Swiss Banking and Finance. Swiss Monetary History since the Early 19th Century illustrates the value of monetary history for understanding financial markets and macroeconomics today.

Swiss citizens approve of their government and the way democracy is practiced; they trust the authorities and are satisfied with the range of services Swiss governments provide. This is quite unusual when compared to other countries. This open access book provides insight into the organization and the functioning of the Swiss state. It claims that, beyond politics, institutions and public administration, there are other factors which make a country successful. The authors argue that Switzerland is an interesting case, from a theoretical, scientific and a more practice-oriented perspective. While confronted with the same challenges as other countries, Switzerland offers different solutions, some of which work astonishingly well.

To what extent have political decision-making processes become mediatized? Based on this question, the author analyzes media coverage and parliamentary actors' (MPs) strategies and perceptions in three conflicted decision-making processes in Switzerland. Mediatization of politics refers to behavioral changes and adaptations of political actors, institutions, and processes that are related to (mass) media. According to some scholars, mediatization may lead to politics of immediacy, conflict, drama, and personalization, thereby challenging established institutions and processes in liberal democracies. The quantitative and qualitative analyses of MPs' strategies and perceptions provide new insights into how political actors may “self-mediatize” in the advent of globalization and polarization. Overall, the book adopts an actor-centric approach and shows that mediatization of politics is not a fate, but a strategic choice.

This in-depth study of the decision-making processes of the early 2000s shows that the Swiss consensus democracy has changed considerably. Power relations have transformed, conflict has increased, coalitions have become more unstable and outputs less predictable. Yet these challenges to consensus politics provide opportunities for innovation.

The book probes into the historical evolution and modern features of Switzerland's state governance and foreign policy. They delineate the core of the Swiss model. Its main aspects are the advanced level of direct democracy and the status of neutrality. This model turned Switzerland into a symbol of a democratic and peace-loving state.

Political Change in Switzerland explains the striking recent political developments in Switzerland, an important but surprisingly little known and often misunderstood country, aiming to dissipate prevailing myths about Switzerland in its European context. Firstly, the title provides an analysis of the way the practice and processes of Swiss politics have so dramatically changed over the last 25 years, setting out the differences between outside perceptions and changing Swiss realities. Secondly, it discusses how far the country has moved, from the stability of the post-war period to a new era of uncertainty, in which the so called Sonderfall, or special case, no longer seems to apply. In doing so it analyses the populist movement, centred on the Swiss People’s Party, examining its support and tactical operations, as well as the response of the establishment to the challenges the movement poses, both generally and where key questions of policy on foreigners and the EU are concerned. Finally, the title explains how much of this change is related to Europe, and discusses the prospects for Switzerland, Europe and the EU member states in the light of this new Swiss uncertainty. The way in which globalization has imposed new stresses on Switzerland, both in external policy and social terms, is the key theme of the title. These stresses have, in turn, encouraged the growth of a new populist movement, drawing on social classes previously supportive of other forces, and employing aggressive new tactics, creating a challenge that the establishment has found it hard to counter, so that stability has been compromised. As a result, Switzerland now faces two linked policy challenges, to find ways of accommodating unease about immigration and to devise a realistic and widely acceptable new relationship with the EU. The book’s underlying belief is that these changes have left the country divided and uncertain about its future. This title offers in-depth analysis of Switzerland's domestic and European politics and policies. It is also innovative in trying both to bring out the European roots of recent political changes in Switzerland and of the challenges these pose to the Swiss status quo and for the evolution of the EU and member states such as the United Kingdom. This is a book for those interested in Switzerland, academics, business people, diplomats, journalists and political commentators.