Determinants of the Swiss Franc Real Exchange Rate

Artikel

We conduct an empirical investigation of the determinants of the Swiss franc real exchange rate. Theory and related empirical papers suggest various specific factors as potential determinants. We select some of these factors, and test their significance and magnitude in affecting the course of the CHF real exchange rate. Results stemming from a co-integration approach point to terms of trade and relative government spending as the most significant explanatory variables. Balassa-Samuelson effects do not play any significant role. Our results also confirm that this kind of empirical approach is sensitive to the choice of explanatory variables, panel countries and sample periods.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 151 ; Year: 2015 ; Issue: 4 ; Pages: 299-331 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft ; Multiple or Simultaneous Equation Models: Panel Data Models; Spatio-temporal Models ; Foreign Exchange
• Subject: real ; exchange ; rate ; Swiss ; franc ; government ; consum

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Natal, Jean-Marc ; Griffoli, Tommaso Mancini ; Meyer, Christoph ; Zanetti, Attilio
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2015

Further information

• DOI: doi:10.1007/BF03399419
• Handle: http://hdl.handle.net/10419/186053
• Last update: 10.03.2025, 11:44 AM CET