As in all visa questions, it depends on your nationality.
Both Switzerland and Monaco are part of the Schengen agreement area, so if you do need a visa, it would be a Schengen visa, which would be valid for both countries.
The only way in or out of Monaco is via France, or if you own a boat. France is also part of Schengen, so the same Schengen visa would also be valid.
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