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This paper outlines a procedure for calculating the cash value of “menu items” in debt restructuring proposals, including par and non-par exchanges, with enhancements consisting of either interest or principal guarantees. It is argued that under certain plausible assumptions interest and...
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agreements with the National Bank of Belgium (Belgium) and the Swiss National Bank (Switzerland), effective on August 30, 2017 …. These new borrowing agreements with Belgium and Switzerland provide new resources equivalent to SDR 350 million and SDR 500 …
Persistent link: https://www.econbiz.de/10014408669
Switzerland. It examines the intertemporal consistency between current policy plans and unfunded liabilities, focusing primarily … the generous disability and pension systems. The paper also examines the need for health care reforms in Switzerland …
Persistent link: https://www.econbiz.de/10014406014
This paper focuses on the observance of standards and codes on fiscal transparency for Switzerland. The assessment …
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This technical note presents an update to the Financial System Stability Assessment (FSSA) on Switzerland. It reveals …
Persistent link: https://www.econbiz.de/10014403123
For the past quarter century, Switzerland’s real per capita growth rate has been substantially slower than in most … 1997 peak of more than 5 percent. Inflation has edged up from exceptionally low levels. Switzerland’s longstanding current …
Persistent link: https://www.econbiz.de/10014403487
This Article IV Consultation reports that Switzerland’s exchange rate floor, seen as credible by the markets, has …
Persistent link: https://www.econbiz.de/10014396603
This Selected Issues Paper on Switzerland focuses on unprecedented currency appreciation and policy response. On … experiencing appreciation pressures, but the specific circumstances of Switzerland may not be present elsewhere …
Persistent link: https://www.econbiz.de/10014396606