Bøger af Miroslaw Matyja

The Swiss financial-banking sector is one of the most regulated industries in the country. Its attractiveness on the global markets, as well as the role it plays in the Swiss economy, is a fundamental factor in Switzerland¿s regulatory process. The aim of the regulation is to protect the consumers and to stabilize the financial sector. The world financial crisis provoked many international discussions on the possibilities and scope of various regulatory instruments and methods. Commentators in Switzerland have strongly criticized some aspects of their country¿s bank regulation, such as the level of capital requirement, the control of capital fluidity, consumer protection, accounting standards, too big to fail package, and banks¿ remuneration policies. The influence of the Swiss direct democracy on the country¿s banking sector regulatory process is rarely discussed in specialist literature. Since, up to now, the problem has been mostly ignored or erroneously interpreted, it is the aim of this work to analyze it in a proper manner.

Due to the challenges that modern representative democracy is facing, citizens and politicians of various countries are looking for new solutions and ways to ensure the optimal functioning of their political and decision making system. In this context, Switzerland appears to be a country relatively immune to the current crisis. Why is that? As a direct democracy where the rule of the people remains the fundamental principle, it provides its citizens with instruments: referendum, popular initiative, popular veto, which allow them to resolve any problems that arise both on the national and local level. The essential characteristic of the Swiss system, which is also its main strength, is that unlike other European democracies it grants its citizens full power over their homeland, making them the actual sovereign. The author discusses various aspects of the Swiss model of democracy and suggests that it offers the best solutions for the optimal development of any country. It is the first work on this subject, it is certainly worth reading!