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The first four years of cooperation under the U.S.-Swiss Joint Economic Commission (JEC) invigorated bilateral ties by recording achievements in a number of areas, including consultations on anti-money laundering efforts, counter-terrorism, and pharmaceutical regulatory cooperation; an e-government conference; and the re-establishment of the Fulbright student/cultural exchange program.
On trade, Switzerland has a surplus with the U.S: In 2022, Switzerland imported goods worth 37.5 billion (just over 40 billion in US Dollars as per the average 2022 exchange rate) Swiss Francs from the US and exported goods worth CHF 62.4 billion Swiss Francs (worth around 65 billion US dollars as per the average 2022 exchange rate), making the ...
So if a study finds that reducing trading volume or trading frequency reduces volatility, these Tobin tax supporters combine it with the observation that Tobin-style taxes are volume-reducing, and thus should also indirectly reduce volatility ("this finding implies a negative relationship between [..] transaction tax [..] and volatility ...
Switzerland is expected to meet all three criteria for such designation in the long-overdue U.S. Treasury report on the foreign currency practices of major trading partners. The Treasury has some ...
While the Swiss National Bank continued to practice currency interventions to stop the influx of foreign money during economic crisis, the State Bank of Vietnam as well said that its foreign exchange rate policy "is a way to contain inflation, ensure macro stability and not to create an unfair trade advantage". A senior U.S. treasury official ...
An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between states that have different currencies. [1]
While a single world currency remains unlikely, technology is changing how we think about money and international transactions. Digital solutions are creating new possibilities that previous ...
To keep inflation low in Switzerland in the post-COVID-19 period, the Swiss National Bank pursued a policy of keeping the Swiss currency hard due to the fact that many Swiss consumer goods are imported from Europe, the US and Asia. Because of the Swiss Franc's high evaluation, however, exports were under pressure.