Staff Discussion Notes

Pages9-9
IMF Research Bulletin
Rabah Arez ki
Editor
Prakas h Loungani
Co-Editor
Patricia Loo
Assistant Editor
Tracey Lookadoo
Editorial Assistant
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Staff Discussion Notes
Sta Discussion Notes showca se new polic y-related
analysis and rese arch by IMF departments. ese
papers are generally brief a nd written in nontechnical
language, and a re aimed at a broad audience interested
in economic policy issues. For more informat ion on
this series and to down load the papers in this series,
please vi sit: htt p:// bi t. ly/ 28q 8f Z e
No. 16/0 4
Benefits and Costs of Ban k Capital
Jihad Dagher, Giovanni Dell ’Ariccia, Luc Laeven, Lev Rat novski, and Hui Tong
9
Conferences
Zurich Conference
e Swiss National Bank (SNB), the Internationa l Monetary Fund (IMF) and the IMF
Economic Review are organi zing a joint conference on “Exchange Rates and External
Adjustment.” e conference will provide a forum to dis cuss recent theoretical and
empirical research on t he macroeconomics and microeconomics of external adjustment,
the optimal response of moneta ry, exchange rate and macroprudential policies when
nancial fr ictions matter, the eects of sovereign risk, and the role of exchange rates
at the sector and aggregate le vels. e conference will be hosted by the Swiss National
Bank and wi ll take place in Zurich, Switzerla nd on June 24–25, 2016.

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