Switzerland : Selected Issues Paper

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

May 21, 2013

Electronic Access:

Free Full text (PDF file size is 1091 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The Selected Issue Paper discusses the Swiss National Bank’s (SNB) balance sheet risks and policy implications. Despite increased profit allocations, SNB capital has not kept pace with its growing balance sheet. The paper also explores the empirical determinants of pressures on the Swiss franc with the purpose of sorting out the relative importance of four factors: conventional monetary policy stance in other advanced countries and large emerging markets; quantitative easing and other unconventional policies pursued by major central banks; the euro area sovereign debt crisis; and global risk aversion.

Series:

Country Report No. 13/129

Subject:

English

Publication Date:

May 21, 2013

ISBN/ISSN:

9781484310496/1934-7685

Stock No:

1CHEEA2013002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

31

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