European Parliament Library

Switzerland :, Selected Issues Paper

The paper assesses the competitiveness of Swiss exporters, and shows that the effect of nominal exchange rate on trade balance depends on the degree of exchange rate pass-through and on trade elasticities. It highlights that the degree of exchange rate pass-through should also be factored in monetary policy decisions. The authorities are considering legislative changes to strengthen macroprudential oversight by supporting the mutual cooperation between Financial Market Supervisory Authority (FINMA) and Swiss National Bank (SNB) over the financial stability. The scope of the too-big-to-fail (TBTF) proposal should also be broadened to address systematic risk
Table Of Contents
Cover; Contents; I. Impact of Exchange Rate Movements on Export Performance and Consumer Prices; A. Introduction; B. Recent Developments in Export Performance and Inflation; C. Impact of the Exchange Rate on Export Performance; Tables; I.1 Long-Run Relationships at Various Lags; D. Estimates of Exchange Rate Pass-Through; E. Findings; F. Concluding Remarks; Annexes; I.1. Export Regressions Country Sample; II. A Legal Framework for Macroprudential Oversight in Switzerland; A. Introduction; Figures; II.1. Legal Framework for Macroprudential Oversight; Boxes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (44 p.)
Specific Material Designation
Form Of Item

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