Tag Archive: currency reserves

Weekly SNB Sight Deposits and Speculative Positions

Update November 18, 2019: Sight Deposits have fallen, this means that the SNB is selling Euros and Dollar, the change is -0,7 bn. compared to last week.

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Where does SNB intervene against overvalued CHF, do they sell EUR & USD? (April Update)

In his first response to the Swiss financial tsunami on January 15, George Dorgan suggested that the EUR/CHF of 1.10 will not be reached any time soon. He explains where the SNB should intervene and if they sell Euros and dollars.

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The Collapse of the Bretton Woods System, the German Current Account and Gold Reserves

German, Swiss and Japanese gold reserves rose continously in the Bretton Woods system, whereas American and British reserves fell.

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A Nationalization of Swiss Foreign Assets? SNB Owns 56% of Swiss Net International Investment Position

The SNB currently owns 56% of the Swiss net international investment position (“NIIP”). In the year 2007 this number was only 12%. Is the central bank implicitly nationalizing the Swiss international companies?

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Why the SNB will not Imitate Hong Kong, but Potentially Singapore



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SNB Monetary Assessment June 2013: Very risk-averse, nearly hawkish tone

The Swiss National Bank (SNB) delivered a, for her standards, very hawkish monetary assessment with the focus on the risks in the financial sector. This does not come as a surprise for us. Each time, after the United States has recovered from a crisis – just like now – inflation and risks increased in Switzerland. …

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Target2 Balances and SNB Currency Reserves. They are Both the Same Concept

We show that Target2 imbalances and the SNB currency reserves represent the same issues, namely current account surpluses/deficits and capital flight. Therefore it makes sense to compare them, in total and by inhabitant.

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Why the SNB will not Imitate Hong Kong, but Potentially Singapore

The SNB will not be able to realize a fixed currency peg over the long-term. The consequence would be that Switzerland loses its competitive advantage, lower Swiss rates, if it follow euro inflation.

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Gold Tells the History of the 20th Century



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Because They Knew What They Were Doing: The Parallels between European and SNB Leaders

Similarly as European leaders knew what they were doing with the euro, namely introducing a not feasible currency, Swiss National Bank did between 2005 and 2008, namely the absolutely wrong thing.

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