SNB News
Keywords International asset pricing, Law of one price, Exchange rate shocks, Cross-listing We find that the response of stock prices to the exchange rate reflects a currency denomination effect—that is, a change in the relative international value of firms’ cash flows and equity—rather than a change in domestic economic conditions. To do so, we compute exogenous movements for the...
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The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.
Mediengespräch – Conférence de presse – News conference – Conferenza stampa, 21.09.2023
Mediengespräch - Conférence de presse - News conference - Conferenza stampa, 22.06.2023 00:00 Einleitende Bemerkungen von Thomas Jordan, Präsident des Direktoriums der Schweizerischen Nationalbank - Remarques introductives de Thomas Jordan, président de la Direction générale de la Banque nationale suisse - Introductory remarks by Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank - Osservazioni introduttive di Thomas Jordan,...
Read More »Seventh Karl Brunner Distinguished Lecture by Markus K. Brunnermeier, 28.09.2023
00:00 Welcome by Joël Mesot, President of ETH Zurich 06:10 Introductory remarks by Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank 16:50 Lecture by Markus K. Brunnermeier (Princeton University)
Read More »2023-11-02 – Press release – SNB launches pilot project with central bank digital currency for financial institutions
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Read More »2023-11-01 – Data portal – Interest rates and exchange rates, November 2023
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Read More »2023-11-01 – Thomas Jordan: The SNB’s role as lender of last resort in the crisis at Credit Suisse
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Read More »2023-10-31 – Data portal – SNB balance sheet items end of September 2023
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Read More »2023-10-31 – Press release – Roundtable on cash supply and distribution
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Read More »2023-10-31 – Data portal – IMF SDDS Plus, 31 October 2023
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Read More »2023-10-31 – Press release – Interim results of the Swiss National Bank as at 30 September 2023
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