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Apropos of this, one wonders if the Swiss shouldn't permanently take on exchange rate instead of inflation rate targeting. It works very well for the Singaporea
by s_Hogg 7y ago
Apropos of this, one wonders if the Swiss shouldn't permanently take on exchange rate instead of inflation rate targeting. It works very well for the Singaporeans and their economies could be said to be similar in some ways.
- H8crilA 7y agoThey used to do that prior to 2014 or 2015, don't remember. It was pegged to EUR by constantly printing CHF and selling for EUR. Then one beautiful day the peg was dropped without a warning. Many people and brokerages went broke in a matter of a minute.