Tylko u nas :-) (zaczynamy się czuć jak Agencja Prasowa:-) - wyjaśnienie w sprawie kredytów we frankach wprost z Centralnego Banku Szwajcarskiego - ktoś może to ładnie szybko przetłumaczyć? Bo ja mam jeszcze kilka wywiadów :-) Ważne!!!! Here is the reply from SNB economist Mrs. Pinar Yesin, to my civil letter:) I think she is proving that banks have less deposit CHF, but they did it on purpose, so to put the loans which cannot be paid (because of appreciation of CHF) to the goverment and present them as social cases and ask for repay. This is actualy happening in Croatia now, the banks dont want to help everybody with CHF loans but are trying to push solutions only for those who cannot pay any more and they call it social status of client. Unbelievable. Hope this reply from SNB to my civil letter, will be intersting for you. I think that all lawyers and countries in our group must send letter to SNB or Mrs. Pinara Yasin, so to get an official reply about deposits-assets. And please dont put this to the media, because the central bank governor will call SNB and destroy/cut our communications with SNB.. regards, Katica Boticki ----- Forwarded Message ----- From: Yesin Pinar To: Katica Boticki Sent: Friday, January 23, 2015 11:05 AM Subject: RE: letter from Croatia: need explanation, your analysis 2012 Dear Ms Boticki, Thank you for your email. I am afraid I cannot interpret messages of politicians in general. But I can gladly try to explain the findings of my paper. Banks normally try to equalize foreign currency exposures of their assets with foreign currency exposures of their liabilities. This helps them to hedge against the appreciation or depreciation of the foreign currency, since the banks’ liabilities and assets would gain or lose value symmetrically. However, in Hungary, Croatia, and Austria, banks seem to have been holding more Swiss franc assets than liabilities. Thus they seem to have been expecting that in the case of an appreciation of the Swiss franc, some of their assets (loans) will not be paid back to them (e.g. when households cannot pay back their mortgage debt anymore). By having more assets than liabilities, they were insuring themselves against this risk. After the appreciation of the Swiss franc, it would be interesting to have a look at their balance sheets again. However, data comes with 4-5 months lag. So I won’t have more information until June 2015. I hope this explanation helps. Kind regards, Pinar Yesin ____ Pınar Yeşin, PhD Senior Economist International Trade and Capital Flows T 41 44 631 39 69 M 41 79 878 30 75 [email protected] Swiss National Bank Börsenstrasse 15 Postfach CH-8022 Zürich snb.ch
Posted on: Fri, 23 Jan 2015 12:24:22 +0000
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