{"id":94307,"date":"2021-04-15T18:46:50","date_gmt":"2021-04-15T18:46:50","guid":{"rendered":"https:\/\/swissfederalism.ch\/covid-mercati-finanziari-e-crescita-digitale-secondo-la-bns\/"},"modified":"2021-08-24T06:30:58","modified_gmt":"2021-08-24T06:30:58","slug":"covid-marches-financiers-et-croissance-numerique-selon-la-bns","status":"publish","type":"post","link":"https:\/\/swissfederalism.ch\/fr\/covid-marches-financiers-et-croissance-numerique-selon-la-bns\/","title":{"rendered":"COVID, march\u00e9s financiers et croissance num\u00e9rique selon la BNS"},"content":{"rendered":"<h1>COVID, march\u00e9s financiers et croissance num\u00e9rique selon la BNS<\/h1>\n<h3><em>Andr\u00e9a Maechler et Thomas Moser, analystes \u00e0 la Banque nationale suisse, ont r\u00e9alis\u00e9 une \u00e9tude approfondie sur les effets de la pand\u00e9mie de coronavirus<\/em><\/h3>\n<p>La pand\u00e9mie de coronavirus (COVID-19) est, \u00e0 bien des \u00e9gards, une crise sans pr\u00e9c\u00e9dent. Le choc \u00e9conomique a \u00e9t\u00e9 \u00e9norme au niveau mondial et a affect\u00e9 l&rsquo;offre et la demande.<br \/>\nAfin d&rsquo;att\u00e9nuer les cons\u00e9quences sur l&rsquo;\u00e9conomie, des mesures rapides et innovantes ont \u00e9t\u00e9 n\u00e9cessaires, y compris dans la Conf\u00e9d\u00e9ration helv\u00e9tique.<br \/>\nLa Banque nationale suisse (BNS) a jou\u00e9 un r\u00f4le important \u00e0 cet \u00e9gard, en emp\u00eachant une forte appr\u00e9ciation du franc suisse par le biais d&rsquo;achats de devises.<\/p>\n<p><strong><a href=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/COVID-19-financial-markets-and-digital-transformation.pdf\">COVID-19, financial markets and digital transformation<\/a><\/strong><\/p>\n<p>Dans le cadre d&rsquo;un effort concert\u00e9 des banques centrales, elle a \u00e9galement contribu\u00e9 \u00e0 apaiser les tensions sur les march\u00e9s de financement en dollars am\u00e9ricains.<br \/>\nEn outre, avec la mise en place de la facilit\u00e9 de refinancement BNS-COVID-19 dans le cadre du paquet de mesures de la Suisse, la BNS a facilit\u00e9 l&rsquo;octroi de cr\u00e9dits aux petites et moyennes entreprises, particuli\u00e8rement touch\u00e9es par la pand\u00e9mie.<br \/>\nToutefois, les implications de la pand\u00e9mie pour les banques centrales vont bien au-del\u00e0 de la gestion de crise \u00e0 court terme.<\/p>\n<figure id=\"attachment_88121\" aria-describedby=\"caption-attachment-88121\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-88121 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/02\/La-pandemia-mettera-in-difficolta-leconomia-nel-2020-e-2021-1024x683.jpeg\" alt=\"La pandemia metter\u00e0 in difficolt\u00e0 l'economia nel 2020 e 2021\" width=\"840\" height=\"560\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/02\/La-pandemia-mettera-in-difficolta-leconomia-nel-2020-e-2021-1024x683.jpeg 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/02\/La-pandemia-mettera-in-difficolta-leconomia-nel-2020-e-2021-300x200.jpeg 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/02\/La-pandemia-mettera-in-difficolta-leconomia-nel-2020-e-2021-768x512.jpeg 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/02\/La-pandemia-mettera-in-difficolta-leconomia-nel-2020-e-2021-1536x1024.jpeg 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/02\/La-pandemia-mettera-in-difficolta-leconomia-nel-2020-e-2021.jpeg 1920w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-88121\" class=\"wp-caption-text\">La pand\u00e9mie mettra l&rsquo;\u00e9conomie au d\u00e9fi en 2020 et 2021<\/figcaption><\/figure>\n<h3>Le processus de num\u00e9risation est acc\u00e9l\u00e9r\u00e9 par la nature<\/h3>\n<p>Le coronavirus et les mesures de confinement associ\u00e9es ont acc\u00e9l\u00e9r\u00e9 le processus de num\u00e9risation.<br \/>\nCes \u00e9volutions ont des cons\u00e9quences sur diff\u00e9rents domaines d&rsquo;activit\u00e9 des banques centrales, notamment en ce qui concerne les instruments et syst\u00e8mes de paiement.<br \/>\nLe big data et l&rsquo;automatisation permettent d&rsquo;exploiter de nouvelles donn\u00e9es non standardis\u00e9es, tr\u00e8s utiles pour \u00e9valuer les \u00e9volutions \u00e9conomiques, notamment lors d&rsquo;une pand\u00e9mie.<br \/>\nIls modifient \u00e9galement la dynamique des march\u00e9s financiers. Par exemple, les programmes algorithmiques sont de plus en plus utilis\u00e9s dans les op\u00e9rations de change.<br \/>\nLa d\u00e9pendance croissante \u00e0 l&rsquo;\u00e9gard des syst\u00e8mes informatiques accro\u00eet \u00e9galement les d\u00e9fis op\u00e9rationnels, notamment en ce qui concerne les cyberrisques.<br \/>\nLa BNS contribue \u00e0 la cybers\u00e9curit\u00e9 du secteur financier en participant \u00e0 divers projets dans ce domaine, en collaboration avec les autorit\u00e9s et les acteurs de la place financi\u00e8re suisse.<\/p>\n<p><iframe title=\"COVID 19, financial markets and digital transformation\" width=\"840\" height=\"630\" src=\"https:\/\/www.youtube.com\/embed\/fK2-NICXo6A?feature=oembed&#038;width=840&#038;height=1000&#038;discover=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p>\n<figure id=\"attachment_94250\" aria-describedby=\"caption-attachment-94250\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-94250 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Tassi-dei-titoli-di-Stato-a-10-anni-1024x424.png\" alt=\"Tassi dei titoli di Stato a 10 anni\" width=\"840\" height=\"348\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Tassi-dei-titoli-di-Stato-a-10-anni-1024x424.png 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Tassi-dei-titoli-di-Stato-a-10-anni-300x124.png 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Tassi-dei-titoli-di-Stato-a-10-anni-768x318.png 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Tassi-dei-titoli-di-Stato-a-10-anni-1536x636.png 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Tassi-dei-titoli-di-Stato-a-10-anni-2048x849.png 2048w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Tassi-dei-titoli-di-Stato-a-10-anni.png 3719w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-94250\" class=\"wp-caption-text\">Taux des obligations d&rsquo;\u00c9tat \u00e0 10 ans<\/figcaption><\/figure>\n<figure id=\"attachment_94246\" aria-describedby=\"caption-attachment-94246\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-94246 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prodotto-Nazionale-Lordo-della-Svizzera-1024x424.png\" alt=\"Prodotto Nazionale Lordo della Svizzera\" width=\"840\" height=\"348\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prodotto-Nazionale-Lordo-della-Svizzera-1024x424.png 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prodotto-Nazionale-Lordo-della-Svizzera-300x124.png 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prodotto-Nazionale-Lordo-della-Svizzera-768x318.png 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prodotto-Nazionale-Lordo-della-Svizzera-1536x636.png 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prodotto-Nazionale-Lordo-della-Svizzera-2048x849.png 2048w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prodotto-Nazionale-Lordo-della-Svizzera.png 3719w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-94246\" class=\"wp-caption-text\">Produit national brut de la Suisse<\/figcaption><\/figure>\n<figure id=\"attachment_94242\" aria-describedby=\"caption-attachment-94242\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-94242 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prestiti-COVID-per-dimensione-dellimpresa-1024x424.png\" alt=\"Prestiti COVID per dimensione dell'impresa\" width=\"840\" height=\"348\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prestiti-COVID-per-dimensione-dellimpresa-1024x424.png 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prestiti-COVID-per-dimensione-dellimpresa-300x124.png 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prestiti-COVID-per-dimensione-dellimpresa-768x318.png 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prestiti-COVID-per-dimensione-dellimpresa-1536x636.png 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prestiti-COVID-per-dimensione-dellimpresa-2048x849.png 2048w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Prestiti-COVID-per-dimensione-dellimpresa.png 3719w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-94242\" class=\"wp-caption-text\">Pr\u00eats COVID par taille d&rsquo;entreprise<\/figcaption><\/figure>\n<figure id=\"attachment_94238\" aria-describedby=\"caption-attachment-94238\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-94238 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Indici-azionari-globali-1024x424.png\" alt=\"Indici azionari globali\" width=\"840\" height=\"348\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Indici-azionari-globali-1024x424.png 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Indici-azionari-globali-300x124.png 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Indici-azionari-globali-768x318.png 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Indici-azionari-globali-1536x636.png 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Indici-azionari-globali-2048x849.png 2048w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Indici-azionari-globali.png 3719w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-94238\" class=\"wp-caption-text\">Indices boursiers mondiaux<\/figcaption><\/figure>\n<figure id=\"attachment_94234\" aria-describedby=\"caption-attachment-94234\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-94234 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Commercio-al-dettaglio-pagamenti-senza-contanti-1024x424.png\" alt=\"Commercio al dettaglio pagamenti senza contanti\" width=\"840\" height=\"348\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Commercio-al-dettaglio-pagamenti-senza-contanti-1024x424.png 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Commercio-al-dettaglio-pagamenti-senza-contanti-300x124.png 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Commercio-al-dettaglio-pagamenti-senza-contanti-768x318.png 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Commercio-al-dettaglio-pagamenti-senza-contanti-1536x636.png 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Commercio-al-dettaglio-pagamenti-senza-contanti-2048x849.png 2048w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Commercio-al-dettaglio-pagamenti-senza-contanti.png 3719w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-94234\" class=\"wp-caption-text\">Paiements de d\u00e9tail sans num\u00e9raire<\/figcaption><\/figure>\n<figure id=\"attachment_94230\" aria-describedby=\"caption-attachment-94230\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-94230 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/CHF-e-interventi-trimestrali-in-valuta-estera-1024x424.png\" alt=\"CHF e interventi trimestrali in valuta estera\" width=\"840\" height=\"348\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/CHF-e-interventi-trimestrali-in-valuta-estera-1024x424.png 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/CHF-e-interventi-trimestrali-in-valuta-estera-300x124.png 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/CHF-e-interventi-trimestrali-in-valuta-estera-768x318.png 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/CHF-e-interventi-trimestrali-in-valuta-estera-1536x636.png 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/CHF-e-interventi-trimestrali-in-valuta-estera-2048x849.png 2048w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/CHF-e-interventi-trimestrali-in-valuta-estera.png 3719w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-94230\" class=\"wp-caption-text\">CHF et interventions trimestrielles sur le march\u00e9 des changes<\/figcaption><\/figure>\n<figure id=\"attachment_94226\" aria-describedby=\"caption-attachment-94226\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-94226 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Base-valutaria-a-3-mesi-in-Svizzera-1024x424.png\" alt=\"Base valutaria a 3 mesi in Svizzera\" width=\"840\" height=\"348\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Base-valutaria-a-3-mesi-in-Svizzera-1024x424.png 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Base-valutaria-a-3-mesi-in-Svizzera-300x124.png 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Base-valutaria-a-3-mesi-in-Svizzera-768x318.png 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Base-valutaria-a-3-mesi-in-Svizzera-1536x636.png 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Base-valutaria-a-3-mesi-in-Svizzera-2048x849.png 2048w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/04\/Base-valutaria-a-3-mesi-in-Svizzera.png 3719w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-94226\" class=\"wp-caption-text\">Base mon\u00e9taire \u00e0 3 mois en Suisse<\/figcaption><\/figure>\n<figure id=\"attachment_91856\" aria-describedby=\"caption-attachment-91856\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-91856 size-large\" src=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/03\/Franchi-di-piccolo-e-di-grande-taglio-1024x683.jpeg\" alt=\"Un mucchio di franchi svizzeri di piccolo e di grande taglio\" width=\"840\" height=\"560\" srcset=\"https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/03\/Franchi-di-piccolo-e-di-grande-taglio-1024x683.jpeg 1024w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/03\/Franchi-di-piccolo-e-di-grande-taglio-300x200.jpeg 300w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/03\/Franchi-di-piccolo-e-di-grande-taglio-768x512.jpeg 768w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/03\/Franchi-di-piccolo-e-di-grande-taglio-1536x1024.jpeg 1536w, https:\/\/swissfederalism.ch\/wp-content\/uploads\/2021\/03\/Franchi-di-piccolo-e-di-grande-taglio.jpeg 1920w\" sizes=\"(max-width: 840px) 100vw, 840px\" \/><figcaption id=\"caption-attachment-91856\" class=\"wp-caption-text\">Une liasse de francs suisses, petits et grands<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Andr\u00e9a Maechler et Thomas Moser, analystes \u00e0 la Banque nationale suisse, ont r\u00e9alis\u00e9 une \u00e9tude approfondie sur les effets de la pand\u00e9mie de coronavirus.<\/p>\n","protected":false},"author":2,"featured_media":86850,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[310,308,209,294],"tags":[],"class_list":["post-94307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie","category-faits-marquants","category-les-magazines","category-suisse"],"_links":{"self":[{"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/posts\/94307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/comments?post=94307"}],"version-history":[{"count":4,"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/posts\/94307\/revisions"}],"predecessor-version":[{"id":125407,"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/posts\/94307\/revisions\/125407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/media\/86850"}],"wp:attachment":[{"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/media?parent=94307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/categories?post=94307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swissfederalism.ch\/fr\/wp-json\/wp\/v2\/tags?post=94307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}