A currency trader should always remember that main stream banks have a tendency to buy in the central bank’s position so that financial markets “can function properly”.
June 2012: UBS on the EUR/CHF floor, here also on FT, with a reference to our blog.
May 2012: Nordea on the Swiss franc.
September 2012: Credit Suisse “Switzerland’s Little Economic Miracle ”
For a general FX overview we strongly recommend the FX Pulse of Morgan Stanley. Here a google link to retrieve the latest edition (without institutional subscription).
More Bank Research can be found here.
Further suggested readings are the followings:
Swiss Monetary Targeting 1974-1996: The role of internal policy analysis
Georg Rich (2001), former SNB chief economist, on why Swiss monetarist theories seem to be abolished.
Georg Rich (2005), on why GDP is no good measure for Swiss growth, but also the Gross National Income GNI should be considered.
