Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/186053 
Year of Publication: 
2015
Citation: 
[Journal:] Swiss Journal of Economics and Statistics [ISSN:] 2235-6282 [Volume:] 151 [Issue:] 4 [Publisher:] Springer [Place:] Heidelberg [Year:] 2015 [Pages:] 299-331
Publisher: 
Springer, Heidelberg
Abstract: 
We conduct an empirical investigation of the determinants of the Swiss franc real exchange rate. Theory and related empirical papers suggest various specific factors as potential determinants. We select some of these factors, and test their significance and magnitude in affecting the course of the CHF real exchange rate. Results stemming from a co-integration approach point to terms of trade and relative government spending as the most significant explanatory variables. Balassa-Samuelson effects do not play any significant role. Our results also confirm that this kind of empirical approach is sensitive to the choice of explanatory variables, panel countries and sample periods.
Subjects: 
real
exchange
rate
Swiss
franc
government
consum
JEL: 
C33
F31
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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