FinObservatory

Crisis atlas / CHE

Switzerland

12 distinct crisis events in 7 episodes, 18702009, from the union of five primary chronologies.

Debt profile: government debt trajectory and crisis-start levels →

12
Banking crises
0
Currency crises
0
Sovereign debt crises
12
Crisis events
1870–2009
Span

Crisis timeline

Every distinct (year, type) event, most recent first, with the chronologies flagging it. Start-year sources (GMD, JST) do not mark continuation years, so long episodes show lower agreement after their first year.

  1. 2009
    Bankinglaeven_valencia1 source
  2. 2008
    Bankinggmd, jst, laeven_valencia3 sources
  3. 1991
    Bankingjst1 source
  4. 1990
    Bankinggmd1 source
  5. 1933
    Bankingrr1 source
  6. 1932
    Bankingrr1 source
  7. 1931
    Bankinggmd, jst, rr3 sources
  8. 1919
    Bankinggmd1 source
  9. 1914
    Bankinggmd1 source
  10. 1910
    Bankingjst1 source
  11. 1871
    Bankingrr1 source
  12. 1870
    Bankinggmd, jst, rr3 sources

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Macro context around each episode

Inflation, central-bank policy rate, and government debt in a window of five years either side of each crisis episode (consecutive crisis years bridged across gaps of up to two years). Crisis years shaded.

Inflation (% y/y)
-2002040186518701876
Policy rate (%)
0246186518701876
Govt debt (% of GDP)
No data for this window

1910

Banking
Inflation (% y/y)
-1001020190519101915
Policy rate (%)
0246190519101915
Govt debt (% of GDP)
051015190519101915

1914

Banking
Inflation (% y/y)
-100102030190919141919
Policy rate (%)
0246190919141919
Govt debt (% of GDP)
0102030190919141919

1919

Banking
Inflation (% y/y)
-2002040191419191924
Policy rate (%)
0246191419191924
Govt debt (% of GDP)
0102030191419191924
Inflation (% y/y)
-10-505192619311938
Policy rate (%)
024192619311938
Govt debt (% of GDP)
02040192619311938
Inflation (% y/y)
0246198519901996
Policy rate (%)
02.557.5198519901996
Govt debt (% of GDP)
0204060198519901996

2008–2009

BankingFiscal cost 1.1% of GDP, output loss 0.0% of GDP (Laeven-Valencia 2026)
Inflation (% y/y)
-2024200320082014
Policy rate (%)
-10123200320082014
Govt debt (% of GDP)
0204060200320082014

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) Inflation is % year over year; policy rate is the central-bank rate in %; government debt is % of GDP. Methodology