The emerging markets, though, can bring a different perspective from their own past experience. Many of the  8  BIS Review 138/2009  emerging countries, including India, are part of the global effort in search of a harmonized framework but certain key differences in perspectives in these two sets of economies need to be appreciated.
A lower level of interest rates for Swiss than for Danish instruments makes this advantageous, at any rate for as long as the Swiss franc does not strengthen excessively against the krone (slide 13). BIS Review 44/2007  7  The banks’ lending to households in Swiss francs has risen steadily since 2001 and today totals almost kr. 20 billion (slide 14).