SNB Sticks With Interventions to Combat Highly Valued Franc
They keep their francs on deposit, folks. So I suggest the Swiss central bank run an S/L, and let the depositors and borrowers worry about the value of the franc. I see no reason to think the pit boss has any concern at all about some exogenous value of the franc, the pit boss just runs a matching algorithm with risk adjusted clients.
In other words, go full service sandbox. If the Swiss bank ends up as the worlds reserve currency, so be it. Just keep the government out of the mix.
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