Staff Discussion Notes showcase new policy-related analysis and research by IMF departments. These papers are generally brief and written in nontechnical language, and are aimed at a broad audience interested in economic policy issues. For more information on this series and to download the papers in this series, please visit: http://bit.ly/28q8fZe
Benefits and Costs of Bank Capital
Jihad Dagher, Giovanni Dell’Ariccia, Luc Laeven, Lev Ratnovski, and Hui Tong
The Swiss National Bank (SNB), the International Monetary Fund (IMF) and the IMF Economic Review are organizing a joint conference on “Exchange Rates and External Adjustment.” The conference will provide a forum to discuss recent theoretical and empirical research on the macroeconomics and microeconomics of external adjustment, the optimal response of monetary, exchange rate and macroprudential policies when financial frictions matter, the effects of sovereign risk, and the role of exchange rates at the sector and aggregate levels. The conference will be hosted by the Swiss National Bank and will take place in Zurich, Switzerland on June 24–25, 2016.
IMF Research Bulletin
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