A timely guide to the complex financial markets and banking secrecy of Switzerland
Since 1934, when Switzerland's federal bank secrecy law was passed, the line between myth and reality with regard to Swiss banking has been blurred. But over the past decade, there have been dramatic changes in the pressures brought to bear on all facets of the Swiss financial markets and banking sector. Recent developments and agreements have potentially weakened Swiss banking secrecy, and with that said, it is time for a book that lays out the history of Swiss bank secrecy and puts these twenty-first century changes in perspective.
Swiss Finance is a thorough overview of the Swiss financial markets and the banking secrecy this country has become known for. It covers key topics to practitioners both abroad and in the United States involved in Swiss banking and the Swiss financial markets.
Switzerland is one of the largest financial markets in the world and a global power in private wealth administration. Whether you're a private wealth advisor, Swiss or U.S. banker, or other finance practitioner involved in the Swiss market, this guide is essential reading if you intend on achieving future success in this arena.
This volume examines how the Ottoman Army was able to evolve and maintain a high level of overall combat effectiveness despite the primitive nature of the Ottoman State during the First World War.
Structured around four case studies, at the operational and tactical level, of campaigns involving the Ottoman Empire and the British Empire: Gallipoli in 1915, Kut in 1916, Third Gaza-Beersheba in 1917, and Megiddo in 1918. For each of these campaigns, particular emphasis is placed on examining specific elements of combat effectiveness and how they affected that particular battle.
The prevalent historiography attributes Ottoman battlefield success primarily to external factors - such as the presence of German generals and staff officers; climate, weather and terrain that adversely affected allied operations; allied bumbling and amateurish operations; and inadequate allied intelligence. By contrast, Edward J. Erickson argues that the Ottoman Army was successful due to internal factors, such as its organizational architecture, a hardened cadre of experienced combat leaders, its ability to organize itself for combat, and its application of the German style of war.
Ottoman Army Effectiveness in World War I will be of great interest to students of the First World War, military history and strategic studies in general.
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