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Swiss National Bank
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.

SNB News

2023-12-14 – Web-TV – Web TV: SNB events

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WP – 2023-11-30 – Martin Brown, Yves Nacht, Thomas Nellen and Helmut Stix: Cashless payments and consumer spending

Keywords Digital payments, Cash management, Payment choice, Present bias, Intertemporal choice, Preanalysis plan We examine how payment choice affects discretionary spending for a representative sample of consumers. Our analysis is motivated by a model of intertemporal choice in which intramonth liquidity constraints are endogenously determined by...

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