IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00926442.html
   My bibliography  Save this paper

Small is Beautiful ? La souveraineté monétaire de la Suisse en question

Author

Listed:
  • Jean-François Ponsot

    (CREG - Centre de recherche en économie de Grenoble - UPMF - Université Pierre Mendès France - Grenoble 2)

  • Guillaume Vallet

    (CREG - Centre de recherche en économie de Grenoble - UPMF - Université Pierre Mendès France - Grenoble 2)

Abstract

Since the beginning of the current crisis which has started in 2007, the Swiss franc has strongly appreciated against the main international currencies. This is very noticeable against the euro. It is difficult to evaluate the consequences for the economy. On the one hand, some sectors do not suffer of such an appreciation. But on the other hand, others face problems, which has forced the Swiss National Bank (SNB) to set up an official unilateral peg to the euro in September 2011. Hence the aim of this paper is to question the sovereignty of a small multicultural country like Switzerland, because it faced during its history many constraints which have prevented the monetary policy from being free. Thanks to contemporary and historic data, we shall investigate the concept of monetary sovereignty as well as the theory of money's legitimacy and confidence.

Suggested Citation

  • Jean-François Ponsot & Guillaume Vallet, 2013. "Small is Beautiful ? La souveraineté monétaire de la Suisse en question," Post-Print halshs-00926442, HAL.
    • Handle: RePEc:hal:journl:halshs-00926442
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-00926442. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.