Showing 1 - 10 of 35
Persistent link: https://www.econbiz.de/10003321792
Persistent link: https://www.econbiz.de/10003406195
Persistent link: https://www.econbiz.de/10003940020
Persistent link: https://www.econbiz.de/10003578374
Persistent link: https://www.econbiz.de/10009229457
Based on a vector autoregressive model, this paper shows that time variation in monthly excess returns on Swiss government bonds and stocks is predominantly driven by news of inflation and dividends, respectively. This finding is in marked contrast to US evidence which points to a more prominent...
Persistent link: https://www.econbiz.de/10010253342
Persistent link: https://www.econbiz.de/10011456230
We draw on a new data set on the use of Swiss francs and other currencies by European banks to assess the patterns of foreign currency bank lending. We show that the patterns differ sharply across foreign currencies. The Swiss franc is used predominantly for lending to residents, especially...
Persistent link: https://www.econbiz.de/10011541237
The Swiss franc is known to appreciate strongly during financial market turmoil, demonstrating its status as a typical safe haven currency. One possible mechanism behind this appreciation during times of global turmoil is assumed to be higher capital inflows to Switzerland. This paper attempts...
Persistent link: https://www.econbiz.de/10011541241
We ask whether the markets expected the Swiss National Bank (SNB) to discontinue the 1.20 cap on the Swiss franc against the euro in January 2015. In the runup to the SNB announcement, neither options on the euro/Swiss franc nor FX liquidity indicated a significant shift in market expectations....
Persistent link: https://www.econbiz.de/10011541244