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How overvalued is the Swiss franc?

Swiss franc.PNG
1 years 109 days ago (29 Jan 2018)  |  

In this edition of Infocus, Stefan Gerlach, EFG's Chief Economist, argues that changes in the real exchange rate of the Swiss franc do not, in themselves, determine the degree of overvalution. One also needs to look at the equilibrium level, which moves over time.

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