Switzerland: Selected Issues Paper
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
This Selected Issues Paper on Switzerland focuses on unprecedented currency appreciation and policy response. On September 6, 2011, the Swiss National Bank (SNB) surprised the market by explicitly committing to defending a floor of 1.20 on the exchange rate of EUR/CHF. The introduction of the floor was appropriate in light of the growth and deflationary risks and limited alternative policy options. From a global perspective, the SNB move may spark emulation by other countries experiencing appreciation pressures, but the specific circumstances of Switzerland may not be present elsewhere.
Series:
Country Report No. 2012/107
Subject:
Currencies Exchange rates Financial statements Foreign exchange Monetary expansion Monetary policy Money Public financial management (PFM)
English
Publication Date:
May 8, 2012
ISBN/ISSN:
9781475503401/1934-7685
Stock No:
1CHEEA2012002
Pages:
9
Please address any questions about this title to publications@imf.org