Possible Effects of European Monetary Union on Switzerland : A Case Study of Policy Dilemmas Caused by Low Inflation and the Nominal Interest Rate Floor /

This paper examines the possible effects on Switzerland of asset preference shifts in favor of Swiss-franc-denominated assets that could result from EMU. Alternative policy responses to temporary and persistent asset preference shifts and the consequent pressures for exchange rate appreciation are e...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Laxton, Douglas
Muut tekijät: Prasad, Eswar
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 1997.
Sarja:IMF Working Papers; Working Paper ; No. 1997/023
Linkit:Full text available on IMF