This paper first documents the foreign currency exposures of Switzerland in the 2002-2012 period. We find that the large scale of the Swiss international balance sheet means that movements in the Swiss Franc generate large cross-border valuation effects. Second, we examine the Swiss Franc...

This paper presents an analysis of the evolution of the competitiveness in the traded goods sectors in six Latin American countries. Argentina, Bolivia, Chile, Paraguay, and Uruguay. Results for Brazil are ambiguous.