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Maechler: Ten years after the crisis: evolving markets and the challenges for the SNB

From snb.ch

Ten years on from the crisis, central banks' basic mission has not fundamentally altered. However the environment in which they operate has evolved considerably, mainly due to structural changes. Some of these - notably the digitalisation of the economy and the emergence of new technologies and financial market players - have accelerated since the crisis. These developments have impacted on three key markets for the Swiss National Bank (SNB): goods and services, foreign exchange and money markets. It is essential that the SNB understands the changes it faces, and adapts itself to them on an ongoing basis, in order to ... (full story)

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