Drechsel, Dirk; Mikosch, Heiner; Sarferaz, Samad; … - KOF Swiss Economic Institute, Department of Management, … - 2015
This paper studies the effects of a change in the Swiss franc/euro exchange rate floor, as introduced by the Swiss … effects of the shocks on executives’ expected firm-level outcomes. Our results suggest that a change in the exchange rate … floor from 1.20 to 1.10 Swiss francs per euro and a subsequent appreciation of the Swiss franc by the same magnitude …