The SNB’s Currency Interventions

Summary:
On the FT’s Alphaville blog, Matthew Klein reviews Swiss monetary policy over the last years and its effect on the real economy. He concludes that it seems the SNB’s relentless accumulation of foreign assets has been pointless — at best. More likely, the behaviour qualifies as predatory mercantilism at the expense of the rest of the world, especially Switzerland’s hard-hit neighbours. SNB Holdings, 2001 - 2017(see more posts on SNB Holdings, ) - Click to enlarge Swiss Franc Exchange Rates, 2001 - 2017 - Click to enlarge Tags: balance sheet,exchange rate,Exchange rate

Topics:
Dirk Niepelt considers the following as important: balance sheet, Dirk Niepelt, Exchange rate, Exchange rate floor, Featured, Mercantilism, newsletter, Notes, Real exchange rate, SNB, SNB Holdings, Swiss Franc, Swiss National Bank

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