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In this paper we analyzed the violations of UIP for the Swiss Franc against the Dollar, the Euro, the Yen, the Pound and the Canadian Dollar using recent data up to fall 2008. This exercise provides the following main results : first the Swiss interest rate puzzle disappeared, i.e. mean returns...
Persistent link: https://www.econbiz.de/10011390639
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So far the discussion in Switzerland about the social costs and benefits of higher capital requirements resulting from the new Basel III Accord and the Swiss Too Big To Fail legislation has been heavily qualitative. This paper provides a quantitative view and estimates the long-run costs and...
Persistent link: https://www.econbiz.de/10011390676
This paper provides an econometric analysis of the short-run impact of interest rates on the Swiss franc exchange rate covering the period January 2001 to June 2011 using daily data. Our model includes both the exchange rate of the Swiss franc against euro and dollar and uses the plausible...
Persistent link: https://www.econbiz.de/10012614644
The innovations of this paper are fourfold: First we study return differentials more comprehensivelythan in the previous literature by comparing three asset classes : money market instruments, bonds andequities across countries. Second, we document the structure of international portfolio...
Persistent link: https://www.econbiz.de/10005867966
Diese Arbeit leistet einen Beitrag zu der Debatte über das Rätsel ?Zinsinsel Schweiz? indem es stilisierte Fakten über …
Persistent link: https://www.econbiz.de/10010295491
This paper analyzes forward-looking rules for Swiss monetary policy in a small structural VAR consisting of four variables. First, the paper looks at the ex ante inflation-output-growth volatility trade-off for a forward-looking policy aiming at a convex combination of a strict inflation and...
Persistent link: https://www.econbiz.de/10010295658
Persistent link: https://www.econbiz.de/10003850330
In this paper we analyzed the violations of UIP for the Swiss Franc against the Dollar, the Euro, the Yen, the Pound and the Canadian Dollar using recent data up to fall 2008. This exercise provides the following main results : first the Swiss interest rate puzzle disappeared, i.e. mean returns...
Persistent link: https://www.econbiz.de/10003891494