Überlegungen zur Gewinnausschüttung der Schweizerischen Nationalbank

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serval:BIB_22746
Type
Report: a report published by a school or other institution, usually numbered within a series.
Publication sub-type
Working paper: Working papers contain results presented by the author. Working papers aim to stimulate discussions between scientists with interested parties, they can also be the basis to publish articles in specialized journals
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Title
Überlegungen zur Gewinnausschüttung der Schweizerischen Nationalbank
Author(s)
von Ungern-Sternberg T.
Institution details
Université de Lausanne - HEC - DEEP
Issued date
05/2002
Number
02.12
Genre
Cahiers de recherches économiques
Language
german
Number of pages
19
Abstract
The Swiss National Bank (SNB) currently holds reserves of more than 40 billion CHF. In the future she wishes to increase her reserves by about 1 billion CHF per year. The new law on the SNB must be used to make the SNB behave according to the same standards as other national banks. Her reserves should be limited to 30 billion CHF, which would still make her the richest central bank in the world. Almost all her future profits should be distributed. To improve her incentives to pursue a responsible investment strategy, her profits should be calculated using only her flow income and expenditures. She should cover capital losses from her reserves.
Keywords
Swiss National Bank, profit distribution, portfolio strategy
Create date
19/11/2007 9:47
Last modification date
20/08/2019 12:59
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