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Economy
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Philipp Hildebrand: the great regulator.
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In January 2011, the Swiss National Bank (SNB) announced that it had lost 21 billion francs over the course of the previous year. With most Swiss banks reporting positive results for 2010, it seemed hard to grasp that the central bank had performed so badly. But was the comparison fair? In a recent question-and-answer session following his talk at the Club of Rome in Zurich, SNB President Philipp Hildebrand defended his monetary policy. Had Philipp Hildebrand made the cut during the selection of Switzerland's swim team for the 1984 Los Angeles Olympics, his career might have taken a different turn. An extended swi...See the full content of this document
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