Switzerland: Selected Issues Paper

May 21, 2013

Preview Citation

Format: Chicago

Switzerland: Selected Issues Paper, (USA: International Monetary Fund, 2013) accessed December 26, 2024

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.

Subject: Banking, Financial crises, Financial institutions, Financial statements, Housing prices, Monetary policy, Mortgages, Negative interest rates, Prices, Public financial management (PFM)

Keywords: Balance sheet, Bank, CR, Financial statements, Fixed income, Global, House price, Housing prices, Interest rate, Interest rate differential, ISCR, Modeling choice, Mortgage interest rates, Mortgages, Negative interest rates, Nominal exchange rate, Price, Sight deposit, SNB, SNB capital, Subprime crisis

Publication Details

Pages:

31
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/129
Stock No:

1CHEEA2013002
ISBN:

9781484310496
ISSN:

1934-7685

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