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...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Laxton, Douglas
Tác giả khác: Prasad, Eswar
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 1997.
Loạt:IMF Working Papers; Working Paper ; No. 1997/023
Truy cập trực tuyến:Full text available on IMF