Switzerland’s Jordan on extraordinary monetary policy and sovereign money
SNB governor speaks about currency intervention, negative rates and reserves diversification
You became chairman of the Swiss National Bank (SNB) under difficult circumstances following the forced resignation of your predecessor, Philipp Hildebrand, in 2012. Can you describe how events unfolded? What did you do immediately and in the medium term to ensure you could successfully carry out your role?
An unforeseen resignation of the chairman is always a very delicate situation for an institution. Under the circumstances, the first task for my board colleagues and me was to ensure the
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