Artikel
Interest Rate Dynamics and Monetary Policy Implementation in Switzerland
The maturity of the operational target of monetary policy is a distinguishing feature of the SNB's operational framework of monetary policy. While most central banks use targets for the overnight rate to signal the policy-intended interest rate level, the SNB announces a target range for the three-month Libor. This paper investigates the working and the consequences of the SNB's unique operational framework for the behavior of Swiss money market rates before and during the financial crisis.
- Sprache
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Englisch
- Erschienen in
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Journal: Swiss Journal of Economics and Statistics ; ISSN: 2235-6282 ; Volume: 146 ; Year: 2010 ; Issue: 1 ; Pages: 313-340 ; Heidelberg: Springer
- Klassifikation
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Wirtschaft
Monetary Policy
Central Banks and Their Policies
- Thema
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Implementation of Monetary Policy
Operational Targets of Monetary Policy
Three-Month Rate Targeting
Financial Crisis
- Ereignis
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Geistige Schöpfung
- (wer)
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Abbassi, Puriya
Nautz, Dieter
Offermanns, Christian
- Ereignis
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Veröffentlichung
- (wer)
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Springer
- (wo)
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Heidelberg
- (wann)
-
2010
- DOI
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doi:10.1007/BF03399310
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Abbassi, Puriya
- Nautz, Dieter
- Offermanns, Christian
- Springer
Entstanden
- 2010