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In January of 2015 the Swiss Franc appreciated some 20% against the Euro in a single day. Why? What exchanged rate system did the Swiss

  1. In January of 2015 the Swiss Franc appreciated some 20% against the Euro in a single day. Why? What exchanged rate system did the Swiss central bank use and why did they abandon it? What were some of the ramifications of the Swiss central bank move to change their exchange rate system?

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