The Economist


Jan 20, 2015 When the Swiss National Bank (SNB) suddenly announced that it would no longer hold the Swiss franc at a fixed exchange rate with the euro, there was panic. The franc soared. Hedge funds across the world made big losses. The Swiss stockmarket collapsed. Why did the SNB provoke such chaos?

You're listening to
The Economist
on demand via

Personalized news and talk radio for your commute, workout and on-the-go.