Switzerland : Selected Issues Paper.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2011/116

IMF Staff Country Reports

Language:

English

Subjects (All):

Exports--Switzerland.

Exports.

Consumer goods--Prices--Switzerland.

Consumer goods.

Financial services industry--State supervision--Law and legislation.

Financial services industry.

Banks and banking--State supervision--Law and legislation.

Banks and banking.

Physical Description:

1 online resource (44 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

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.

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

II.1. Main Institutional Arrangements for Macroprudential OversightB. Does the Current Legal Framework Support Macroprudential Oversight?; II.2. SNB's Current Mandate; C. Cooperation Framework; II.3. FINMA's Current Mandate; D. A Way Forward in Switzerland; II.1. Macroprudential Instruments; II.1. Selected Country Examples for Macroprudential Tools; II.2. Selected Country Examples for Macroprudential Mandates; II.3. Possible Swiss Macroprudential Mandates & Institutional Arrangement

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed September 25, 2014).

ISBN:

9786613866608

9781462336494

1462336493

9781462383917

1462383912

9781283554152

1283554151

9781455282609

145528260X