The aim of the thesis is to show what are Swiss economic sectors most severely affected by the global crisis. It points out the related benefits and costs of the SNB actions to protect the national economy in regard to price stability, financial stability, and economic stability. This work touches on various topics such as the factors that led to the appreciation of the Swiss franc; the efficacy of the Swiss monetary policy and its economic effects on the Swiss trade balance, industrial production, exports and tourism; analysis of the SNB independence and the risks associated with price...