دورية
Swiss National Bank: Is the Recent Loss a Threat to Monetary Policy? A Research Note1
| العنوان: | Swiss National Bank: Is the Recent Loss a Threat to Monetary Policy? A Research Note1 |
|---|---|
| المؤلفون: | Kämpf, Vanessa, Stadtmann, Georg, Zimmermann, Lilli |
| المصدر: | Journal of Central Banking Theory and Practice; January 2024, Vol. 13 Issue: 1 p43-55, 13p |
| مستخلص: | The Swiss National Bank (SNB) has announced it will refrain from profit distribution in 2022 owing to the accumulation of a huge financial loss. In this paper we examine key determinants of the SNB’s loss and shed light on its implications to monetary policy pursuit. In particular, we show that different accounting principles yield different results concerning the equity position of a central bank’s balance sheet, yet not affecting the ability to run monetary policy. |
| قاعدة البيانات: | Supplemental Index |
Full Text Finder | تدمد: | 18009581 23369205 |
|---|---|
| DOI: | 10.2478/jcbtp-2024-0003 |