For decades, Switzerland has prospered as a shelter from global economic, political and financial storms, delivering both a long-term store of value and a secure jurisdiction for foreign wealth. Remarkably, it has sustained this achievement for the past 30 years or so in the context of a flexible exchange rate and capital account. A huge currency appreciation in 2011 highlighted the vulnerability of the Swiss economy and the euro exchange rate was capped later that year. This special analysis looks at the Swiss currency cap, whether it can be sustained, and the risks it poses for Switzerland.


Click here to read the full analysis from top intelligence experts at LIGNET.com.