Jordan: High Swiss current account surplus: consequences for SNB monetary policy?

Switzerland has had a surplus on its current account ever since the 1980s. In 2016, it stood at around 10% of GDP. Textbook economic theory suggests that a current account surplus is a function of an undervalued currency. The persistently high current account surplus in Switzerland is not a refle...
Jordan: High Swiss current account surplus: consequences for SNB monetary policy?