Willem Buiter: The SNB, the Exchange-Rate Peg, and the Interest-Rate ZLB: “[Superior] would have been the continuation… …of the exchange rate floor…. The old regime, with or without the additional 50bps cut… was viable and superior to the new regime…. Central banks can live with very large balance sheets… diversify… out of euro forex…. There … Continue reading Morning Must-Read: Willem Buiter: The SNB, the Exchange-Rate Peg, and the Interest-Rate ZLB