Crozet, Matthieu; Hinz, Julian; Trionfetti, Federico - 2023
In January 2015, The Swiss Franc (CHF) appreciated unexpectedly against the Euro by approximately 15%. We document a … new fact: French firms that exported to both the Swiss market and the Eurozone also exhibited a sudden change in their … export prices to the Eurozone. We coin this the 'exchange rate pass-around' effect. We rationalise this fact with a simple …