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Read More »Articles by SwissNationalBank
2024-03-28 – Data portal – IMF SDDS Plus, 28 March 2024
24 hours ago[unable to retrieve full-text content]
Read More »2024-03-27 – Data portal – Selected data from the Quarterly Bulletin 1/2024
2 days ago[unable to retrieve full-text content]
Read More »2024-03-27 – Publications – Quarterly Bulletin 1/2024
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Read More »2024-03-25 – Data portal – Important monetary policy data, 25 March 2024
4 days ago[unable to retrieve full-text content]
Read More »2024-03-22 – Press release – Swiss balance of payments and international investment position: 2023 and Q4 2023
7 days ago[unable to retrieve full-text content]
Read More »2024-03-22 – Data portal – Swiss balance of payments and international investment position, 2023 and Q4 2023
7 days ago[unable to retrieve full-text content]
Read More »2024-03-21 – Thomas Jordan / Martin Schlegel / Antoine Martin: Introductory remarks, news conference
8 days ago[unable to retrieve full-text content]
Read More »2024-03-21 – Press release – Monetary policy assessment of 21 March 2024
8 days ago[unable to retrieve full-text content]
Read More »2024-03-21 – Data portal – Monthly banking statistics, March 2024
8 days ago[unable to retrieve full-text content]
Read More »2024-03-21 – Data portal – Economic data, March 2024
8 days ago[unable to retrieve full-text content]
Read More »2024-03-21 – Data portal – Quarterly banking statistics, Q1 2024
8 days ago[unable to retrieve full-text content]
Read More »2024-03-21 – Web-TV – Web TV: SNB events
8 days agoRequired: These cookies (e.g. for storing your IP address) cannot be rejected as they are necessary to ensure the operation of the website. These data are not evaluated further.Analytics: If you consent to this category, data such as IP address, location, device information, browser version and site visitor behaviour will be collected. These data are evaluated for the SNB’s internal purposes and are kept for two years.Third-party: If you consent to this category, third-party services (used, for example, to add social multimedia content to the SNB’s website) will be activated which collect personal data, process these data, disclose them abroad – worldwide – and place cookies. The relevant data protection regulations are linked in the ‘Privacy statement for the website of the Swiss
Read More »2024-03-19 – Press release – Publication of 2023 Annual Report
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Read More »2024-03-19 – Publication – Complete annual report 2023
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Read More »2024-03-18 – Data portal – Important monetary policy data, 18 March 2024
11 days ago[unable to retrieve full-text content]
Read More »2024-03-18 – Publication – Sustainability Report 2023
11 days ago[unable to retrieve full-text content]
Read More »2024-03-14 – Data portal – IMF SDDS Plus, 14 March 2024
15 days ago[unable to retrieve full-text content]
Read More »2024-03-11 – Press release – Claudia Aebersold to become new Head of Communications at the Swiss National Bank
18 days ago[unable to retrieve full-text content]
Read More »2024-03-11 – Data portal – Important monetary policy data, 11 March 2024
18 days ago[unable to retrieve full-text content]
Read More »2024-03-07 – Data portal – Exchange rate indices, March 2024
22 days ago[unable to retrieve full-text content]
Read More »2024-03-07 – Data portal – IMF SDDS Plus, 7 March 2024
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Read More »2024-03-04 – Data portal – Important monetary policy data, 4 March 2024
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Read More »2024-03-04 – Press release – Annual result of the Swiss National Bank for 2023
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Read More »2024-03-01 – Data portal – Interest rates and exchange rates, March 2024
28 days ago[unable to retrieve full-text content]
Read More »2024-02-29 – Data portal – SNB balance sheet items end of January 2024
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Read More »2024-02-29 – Data portal – IMF SDDS Plus, 29 February 2024
29 days ago[unable to retrieve full-text content]
Read More »2024-02-29 – Press release – SNB Chairman Thomas Jordan to step down at end of September 2024
29 days ago[unable to retrieve full-text content]
Read More »WP – 2024-02-29 – Tobias Cwik and Christoph Winter: FX interventions as a form of unconventional monetary policy
29 days agoIn the aftermath of the Great Financial Crisis (GFC), central banks from several advanced, small, open economies have used FX interventions (FXI) in order to stimulate inflation, given that their policy rates were very low. We present a quantitative DSGE model that allows us to study the effectiveness of this unconventional monetary policy tool. We apply the model to Switzerland, a country that has seen frequent and sizable central bank interventions. The model implies that FXI are effective and long-lasting: FXI of approximately CHF 27 billion (5% of annual GDP) are necessary to prevent the Swiss franc from appreciating by 1.1%. The effect is stronger the longer the central bank can commit to keep its policy rate constant in response to the inflationary effect of the
Read More »WP – 2024-02-29 – Lukas Voellmy: Decomposing liquidity risk in banking models
29 days agoIn various banking models, banks are viewed as arrangements that insure households against uncertain liquidity needs. However, the exact nature of the liquidity risk faced by households – and hence the insurance function of banks – differs across models. This paper attempts to disentangle the different meanings of the term ‘liquidity insurance’ in the literature and to clarify what kind of insurance banks provide in which models. The paper also shows under which conditions banking is equivalent to eliminating uncertainty about liquidity needs or letting households trade with each other in an asset market. Special attention is given to the comparison of banking models in the tradition of Diamond and Dybvig (1983) with those based on monetary (notably New Monetarist)
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