Le changement, c'est maintenant ? La politique monétaire de la Banque nationale suisse depuis la crise de 2007

Guillaume Vallet ()
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Guillaume Vallet: CREG - Centre de recherche en économie de Grenoble - UPMF - Université Pierre Mendès France - Grenoble 2

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Abstract: The Swiss National Bank (SNB) has been one of the Central Banks that has reacted the most since the beginning of the 2007 crisis. It has in particular implemented a "floor" for the Swiss franc/euro exchange rate. It has entailed strong advantages to the Swiss economy thanks to the end of the appreciation as well as the reflation induced. Such a policy shows to what extent the SNB is able to set up efficient and pragmatic monetary policies. Nevertheless, this cannot be seen as a major change in the Swiss monetary policies, because "the music will stop" soon.

Keywords: banque centrale; crise économique; euro; monnaie; politique monétaire; Suisse (search for similar items in EconPapers)
Date: 2014
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Published in Économie appliquée : archives de l'Institut de science économique appliquée, 2014, 67 (3), pp.33-64

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01079697

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