I am the @FT’s European Economics Commentator & many other things. http://ft.com/martin-sandbu. Book: The Economics of Belonging (http://tinyurl.com/EcBelong). Views my own.
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Martin Sandbu @MESandbu
·
Mar 19, 2023
I should have linked to this very good piece. On the how much CBR has in CH - good question. It reported only negligible amounts in CHF. So if it held much with Credit Suisse, then largely in other major currencies - so most likely in CS subsidiaries in other countries than CH?
Martin Sandbu @MESandbu
·
Dec 5, 2022
Very interesting thread. But why is this the normative conclusion, rather than "Governments should learn to let relative price shocks in systemic sectors disperse through the economy and not try to offset them (while staying vigilant against traditional generalised inflation)"?