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Showing posts from July 24, 2011

SUGGESTION TO SWISS NATIONAL BANK PRESIDENT PHILIPP HILDEBRAND

SUGGESTION TO SWISS NATIONAL BANK PRESIDENT PHILIPP HILDEBRAND To:                          The Honorable Swiss National Bank President Philipp Hildebrand From:                     Athinarayanan Sanjeevraja RE:                          Rise in Swiss Franc Suggestions & Solutions: Good Morning President. I am writing to express the concern of rise in swiss franc. We know that currency appreciation boosts a strong economy, low inflation and low unemployment. In addition, it lowers the cost of commodity imports. In general currency appreciation softens the demand for exports but in Switzerland exports rise. I think that most of the swiss goods are “Veblen Goods”. I...