The Swiss Franc in an international environment

April 20, 1999
Conference "Swiss Plus", London

Summary

For a long time Switzerland enjoyed a comparative advantage in terms of political and economic stability which clearly stimulated the development of the financial sector and the cross-border use of the SFR. In some instances, the demand for SFR investments was so strong that the SNB introduced highly interventionist measures for a limited period of time.

Today, with world-wide disinflation and globally connected financial markets, the risk of an excessive SFR appreciation seems significantly smaller. The policy approach of the SNB fully relies on truly open markets, a sound infrastructure and instruments that utilise - rather than restrict - market processes.

Download file now

The file can be downloaded with the button below.

Additional files

Related content

Author(s)

  • Bruno Gehrig
    Member of the Governing Board

Your settings

Required: These cookies (e.g. for storing your IP address) cannot be rejected as they are necessary to ensure the operation of the website. These data are not evaluated further.
Analytics: If you consent to this category, data such as IP address, location, device information, browser version and site visitor behaviour will be collected. These data are evaluated for the SNB's internal purposes and are kept for two years.
Third-party: If you consent to this category, third-party services (used, for example, to add social multimedia content to the SNB's website) will be activated which collect personal data, process these data, disclose them abroad - worldwide - and place cookies. The relevant data protection regulations are linked in the 'Privacy statement for the website of the Swiss National Bank'.

Choose your preferred settings:

This website uses cookies, analytics tools and other technologies to provide requested features, content and services, to personalise the content shown, to provide links to social media, and to analyse the use of the website in anonymised form for the purposes of improving usability. Personal data are also disclosed abroad - worldwide - to video service providers and the analytics tools of these providers are used. More information is available under 'Manage settings'.