Category Archive: 1.) English Posts on SNB

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Santelli PPT

2015-12-29

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The year explained: Our ten most popular explainers from 2015

2015-12-22

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2015-12-22

Why so many Dutch people work part time
EVERY weekday The Economist explains a new subject, topical or timeless, profound or peculiar. As the end of the year approaches, we look back at the explanations that have proved most popular with readers during 2015. (Normal service will resume on January 4th.)

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Monetary assessment meeting Swiss National Bank

Monetary assessment meeting Swiss National Bank: My real-time tweets contain the main important points of the SNB meeting from the view of investors or FX traders.

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draghi doublespeak

2015-12-04

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Trump Waterboarding

2015-11-24

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Mastermind

2015-11-17

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The 2015 Update: Risks on the Rising SNB Money Supply

We explain the risks on the rising money supply in Switzerland. We distinguish between broad money supply (M1-M3) and narrow money supply (M0). Both are rising quickly.

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George Dorgan’s Critical Questions to the SNB (December 2014)



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The Swiss National Bank: Switzerland’s central bank makes a massive loss

2015-08-01

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2015-08-01

Swiss National Bank net income, Swiss Francs
ON FRIDAY, the Swiss National Bank (SNB), Switzerland’s central bank, reported second quarter losses of SFr20 billion ($20 billion). Following an equally bad first three months of the year, the SNB’s losses so far for 2015 now amount to a whopping SFr50.1 billion, equivalent to 7.5% of Switzerland's GDP.

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The Swiss economy: True to form

2015-06-18

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2015-06-18

Irrepressible
FOREIGN skiers were bound to suffer. So was the Swiss economy, most assumed, after the Swiss National Bank (SNB) suddenly abandoned the Swiss franc’s peg to the euro in January. The franc rose by 30% against the euro in a matter of minutes, and remains about 15% higher than it was. This made Swiss exports more expensive for foreigners, and foreign goods cheaper for the Swiss.

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einhorn

2015-05-04

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Einhorn

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End of Peg Buiter Critique

2015-01-25

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2015-01-25

In a Citi research note, Willem Buiter discusses the SNB’s decision to discontinue the exchange rate floor of the Swiss Franc vis-a-vis the Euro. His main points are: Buiter refers to his earlier work on removing the lower bound on nominal interest r...

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Free exchange: Broke but never bust

2015-01-22

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2015-01-22

Throwing caution to the wind
CONTEMPORARY central banking is a strongbox of oddities. Deposits, which normally pay interest, can now incur a charge. Investments in government debt, which normally offer a return, give a negative yield. Faced with this weirdness central banks are trying to respect some cardinal rules of finance, with the Swiss National Bank (SNB) and the European Central Bank (ECB) taking steps to protect themselves from losses and ensure that their...

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Switzerland’s currency: Shaken, not stirred

2015-01-22

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2015-01-22

Switzerland currency
SWISS voters used to hold their central bank in high esteem: one survey in 2013 found the Swiss National Bank (SNB) to be their most respected national institution. That may change after its shock decision on January 15th to abandon the Swiss franc’s cap against the euro. The franc instantly shot up by 30%, provoking howls of anguish from Swiss firms.

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Foreign exchange: Swiss miss

2015-01-21

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2015-01-21

WHEN the Swiss National Bank (SNB) intervened to weaken its currency in 2011, analysts called the subsequent abrupt drop in the franc’s value a “20-standard-deviation move”. Assuming the franc’s ups and downs follow a normal distribution, such a big shift should not have occurred again for many squillions of years.

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Switzerland’s monetary policy: The three big misconceptions about the Swiss franc

2015-01-21

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2015-01-21

Swiss Franc coin
ON THURSDAY January 15th Switzerland’s central bank, the Swiss National Bank (SNB), removed the cap on its currency, which it had imposed over three years ago and reaffirmed only three days before its repeal. The doffing of the cap surprised and upset the foreign-exchange markets, hobbling several currency brokers, including Alpari (which happens to sponsor the London football team I support).

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Risk and the finance sector: Swiss miss

2015-01-19

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2015-01-19

Risk
INVESTORS checking out the Everest Capital website will find that the hedge fund offers strategies that are diversified across themes, countries and sectors. So they wouldn't have expected losses from any one bet to be that significant. But over the weekend, it was revealed that last week's surge in the Swiss franc had virtually wiped out the group's main fund, Everest Global Capital.

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The Economist explains: Why the Swiss unpegged the franc

2015-01-19

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2015-01-19

IN THE world of central banking, slow and predictable decisions are the aim. So on January 15th, when the Swiss National Bank (SNB) suddenly announced that it would no longer hold the Swiss franc at a fixed exchange rate with the euro, there was panic. The franc soared. On Wednesday one euro was worth 1.2 Swiss francs; at one point on Thursday its value had fallen to just 0.85 francs.

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Central Europe and the Swiss franc: Currency risk

2015-01-15

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2015-01-15

ANXIETY at the Swiss National Bank’s surprise decision today to drop its peg against the euro was nowhere more evident than in central Europe. The Swiss franc soared against all the region's currencies, including the euro, the Hungarian forint and especially the Polish zloty, and stock exchanges in Poland (pictured) and Hungary dropped sharply.

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