The Swiss National Bank

announced a peg with the euro on September 6th, 2011: \"With immediate effect, it will no longer tolerate a EUR/UHF exchange rate below one Swiss franc twenty. The SNB will enforce this minimum rate with the utmost determination. It is prepared to purchase foreign exchange in unlimited quantities.\" The exchange rate between the Swiss franc and the euro have been stable around 1.2 Swiss franc per euro. On January 15th, 2015, the Swiss National Bank abandoned the peg in its statement: \"The euro has depreciated considerably against the US dollar and this, in turn, has caused the Swiss franc to weaken against the US dollar. In these circumstances, the SNB concluded that enforcing and maintaining the minimum exchange rate for the Swiss franc against the euro is no longer justied.\" This statement sent the Swiss franc soared (appreciated) against the euro. Please collect your own references and resources to answer the following questions. List your references properly