Grisse, Christian; Nitschka, Thomas - Schweizerische Nationalbank (SNB) - 2013
We analyse bilateral Swiss franc exchange rate returns in an asset pricing framework to evaluate the Swiss franc's safe … risk the Swiss franc appreciates against the euro as well as against typical carry trade investment currencies such as the … Australian dollar, but depreciates against the US dollar, the Yen and the British pound. Thus, the Swiss franc exhibits safe …