International aspects of monetary policy
Hans Meyer, Chairman of the Governing Board of the Swiss National Bank
French-Swiss Chamber of Commerce and Industry, 20.05.1998
Complete text in French: "Aspects internationaux de la politique monétaire"PDF (31 KB)
Several imponderables are faced when implementing monetary policy in a small, open economy such as Switzerland. A major problem is to take adequate account of economic influences from abroad. The future implications which the introduction of the euro will have for the Swiss economy are in principle simply a new form of expression of the same problem.