Dominant by Accident : the Swiss National Bank s Growing Influence in the Early Days of Floating Exchange Rates
The 1970s was a decisive decade in monetary history as the switch to floating exchange rates made central bankers weighty actors in economic policymaking. This paper will show that this rise in power was not pronounced by decree in the Swiss case. Politicians eyed the Swiss National Bank s growing i...
Kaydedildi:
| Yazar: | |
|---|---|
| Materyal Türü: | Livre numérique |
| Dil: | Anglais |
| Baskı/Yayın Bilgisi: |
Genève :
Graduate Institute Publications
2025.
Marseille : OpenEdition |
| Seri Bilgileri: | eCahiers de l Institut
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| Konular: | |
| Online Erişim: | https://books.openedition.org/iheid/12691 Accès Université d'Orléans et IFPM ; Accès complet au document dans sa version HTML. Pas d'accès aux autres formats (PDF, Epub). |
| Not: |
OpenEdition Books (freemium) |
| Autres localisations: | Voir dans le Sudoc |
| Edition sous un autre format: | • Dominant by Accident, Genève, Graduate Institute Publications |
| LEADER | 02871nam a22003137a 4500 | ||
|---|---|---|---|
| 001 | 1317795 | ||
| 008 | 250303s2025 xx|||||| |||| 00| 0 eng d | ||
| 009 | PPN283478365 | ||
| 020 | |a 9782940600588 | ||
| 041 | 0 | |a eng | |
| 100 | 1 | |a Belser, Jannik Corsin, |d 19..- | |
| 245 | 1 | 0 | |a Dominant by Accident : |b the Swiss National Bank s Growing Influence in the Early Days of Floating Exchange Rates |c Jannik Corsin Belser. |
| 260 | |a Genève : |b Graduate Institute Publications. | ||
| 260 | |a Marseille : |b OpenEdition, |c 2025. | ||
| 490 | 0 | |a eCahiers de l Institut | |
| 500 | |a OpenEdition Books (freemium) | ||
| 504 | |a Bibliographie. Notes bibliographiques | ||
| 506 | |a L'accès complet à la ressource est réservé aux usagers des établissements qui en ont fait l'acquisition | ||
| 506 | |a L'accès complet à la ressource est réservé aux usagers des établissements qui en ont fait l'acquisition | ||
| 506 | |a Accès libre | ||
| 506 | |a CC-BY-NC-ND-4.0. https://creativecommons.org/licenses/by-nc-nd/4.0 | ||
| 520 | |a The 1970s was a decisive decade in monetary history as the switch to floating exchange rates made central bankers weighty actors in economic policymaking. This paper will show that this rise in power was not pronounced by decree in the Swiss case. Politicians eyed the Swiss National Bank s growing influence critically, some flirting with installing fiscal dominance. However, faced with widespread sympathy for central bank autonomy among the business community, political attacks on the SNB were not organised. In addition, many felt that the legal status quo of close cooperation between the Federal Council and the SNB Governing Board would keep decision-making within the reach of elected politicians. In an increasingly complex world of finance, the SNB established a position of expertise vis-à-vis the government and became the dominant force in monetary policymaking. This outcome was not driven by political choice but by structural conditions.We extend our heartfelt thanks to the Vahabzadeh Foundation for financially supporting the publication of best works by young researchers of the Graduate Institute, giving a priority to those who have been awarded academic prizes for their master s dissertations | ||
| 650 | |a Banques | ||
| 650 | |a Histoire économique | ||
| 650 | |a Suisse |x Histoire | ||
| 776 | 0 | |t Dominant by Accident |c Genève |n Graduate Institute Publications | |
| 856 | 4 | |q HTML |u https://books.openedition.org/iheid/12691 | |
| 856 | 4 | |5 452349901:855259027 |u https://ezproxy.univ-orleans.fr/login?url=https://books.openedition.org/iheid/12691 |z Accès Université d'Orléans et IFPM ; Accès complet au document dans sa version HTML. Pas d'accès aux autres formats (PDF, Epub). | |
| 997 | |0 1317795 |1 Livre numérique |a Ressource numérique |b INSA |b ENSA |c 0/Bibliothèque numérique/ |c 1/Bibliothèque numérique/Autre ressource numérique/ | ||