Swaps a success: SNB economists

The Swiss National Bank's swap arrangements with the Hungarian and Polish central banks worked well, economists have found.

Raphael Auer, an economist at the international research unit of the Swiss National Bank and a fellow at Princeton, and Sébastien Kraenzelin, an economist at the central bank's money market and foreign exchange division, said in an article published in VoxEU.org, an economics blog, on Wednesday that central banks can effectively address international liquidity mismatches wi

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