Marc Meyer argues that the Swiss National Bank must build up reserves, but this does not mean "foreign exchange reserves", but "Swiss Franc reserves". According to the constitution these reserves are owners' equity denominated in Swiss Franc and some gold. Thomas Jordan famous paper "Does the SNB need equity?" tries to overturn the constitution suggesting that the constitution accepts FX investments as "reserves".
Russia builds up foreign...
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Category Archive: 1.) Marc Meyer
The Last Free Lunch for Holders of SNB’s High-Risk Share?
Marc Meyer, the maybe strongest opponent of the Swiss National Bank criticizes the misleading vocabulary in monetary policy that confuses central bank liabilities with assets. He identifies the intrinsic and time value of the SNB share. According to Meyer, the recent strong share price performance was caused by the free lunch at the shareholder assembly.
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Marc Meyer
The best posts by Marc Meyer, the biggest and most influential enemy of the Swiss National Bank. He regularly published in German on InsideParadeplatz.ch
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Werden Bund und Kantone die Nationalbank rekapitalisieren?
Marc Meyer speaks out against the view of Barry Eichengreen and Beatrice Weder di Mauro that published an article in Project Syndicate. The two professors were of the opinion that the SNB could print without limit. Meyer does not agree.
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