Senner, Richard; Sornette, Didier - Eidgenössische Technische Hochschule Zürich / … - 2017
, but at the same time renders domestic goods and services expensive for other currency holders. Export-oriented countries … that export more than they import tend to witness interventions that weaken the domestic currency. Switzerland, a strongly … export-oriented country, has seen such interventions since 2008 at a rapidly increasing pace. As a consequence, over the past …