@techreport{StadtmannKaempfZimmermann2023, type = {Working Paper}, author = {Stadtmann, Georg and K{\"a}mpf, Vanessa and Zimmermann, Lilli}, title = {Swiss National Bank: Is the recent loss a threat to monetary policy?}, doi = {10.11584/opus4-1295}, url = {http://nbn-resolving.de/urn:nbn:de:kobv:521-opus4-12956}, pages = {10}, year = {2023}, abstract = {The Swiss National Bank (SNB) announced to refrain from profit distribution in 2022 owing to the accumulation of a huge loss. We examine the key determinants of the SNB's loss and shed light on the implications to conduct monetary policy.}, language = {en} }