01650cas a2200253 a 4500 AALejournalIMF011844 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503401 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Switzerland : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (9 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues Paper on Switzerland focuses on unprecedented currency appreciation and policy response. On September 6, 2011, the Swiss National Bank (SNB) surprised the market by explicitly committing to defending a floor of 1.20 on the exchange rate of EUR/CHF. The introduction of the floor was appropriate in light of the growth and deflationary risks and limited alternative policy options. From a global perspective, the SNB move may spark emulation by other countries experiencing appreciation pressures, but the specific circumstances of Switzerland may not be present elsewhere. Mode of access: Internet Switzerland imf IMF Staff Country Reports; Country Report ; No. 2012/107 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/107/002.2012.issue-107-en.xml IMF e-Library