01649cas a2200241 a 4500 AALejournalIMF013570 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484310496 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Switzerland : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (31 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 The Selected Issue Paper discusses the Swiss National Bank's (SNB) balance sheet risks and policy implications. Despite increased profit allocations, SNB capital has not kept pace with its growing balance sheet. The paper also explores the empirical determinants of pressures on the Swiss franc with the purpose of sorting out the relative importance of four factors: conventional monetary policy stance in other advanced countries and large emerging markets; quantitative easing and other unconventional policies pursued by major central banks; the euro area sovereign debt crisis; and global risk aversion. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/129 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/129/002.2013.issue-129-en.xml IMF e-Library