Should central banks intervene in currency markets? In theory, within a flexible system, central banks should leave the process of determining appropriate exchange rates to the currency markets. In practice, however, central banks have frequently intervened to 'manage' the exchange rates...

"The Swiss labour market situation is characterised by certain specific findings: the highest employment rate of all OECD countries, the highest part-time rate (after the 'world-champion in part-time employment', the Netherlands), the largest proportions of foreigners (with the exception of...