Switzerland : Selected Issues Paper

Publication Date: May 26, 2011
Electronic Access: Free Full text (PDF file size is 762KB).
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Summary: The paper assesses the competitiveness of Swiss exporters, and shows that the effect of nominal exchange rate on trade balance depends on the degree of exchange rate pass-through and on trade elasticities. It highlights that the degree of exchange rate pass-through should also be factored in monetary policy decisions. The authorities are considering legislative changes to strengthen macroprudential oversight by supporting the mutual cooperation between Financial Market Supervisory Authority (FINMA) and Swiss National Bank (SNB) over the financial stability. The scope of the too-big-to-fail (TBTF) proposal should also be broadened to address systematic risk.
Series: Country Report No. 11/116
Subject(s): Bank supervision | Exchange rates | Financial sector | Selected issues

Publication Date: May 26, 2011
ISBN/ISSN: 9781455284610/1934-7685 Format: Paper
Stock No: 1CHEEA2011002 Pages: 43
US$18.00 (Academic Rate:
US$18.00 )
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