Question
In 2015, in the balance of payment of Switzerland, the labor income in the primary income balance shows a deficit of 21 billion CHF (Swiss
In 2015, in the balance of payment of Switzerland, the labor income in the primary income balance shows a deficit of 21 billion CHF (Swiss Franc), which represents almost 30 percent of the net account surplus (71 Billion CHF). How can you explain the size of this deficit?
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Because in Switzerland there are a lot of nonresidents who are performing services in Switzerland an...
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International Money and Finance
Authors: Michael Melvin, Stefan C. Norrbin
8th edition
978-8131234136, 123852471, 978-0123852472
