Global Financial Stability Report, October 2020 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Financial Stability Report, October 2020 write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2020-10-23. Global Financial Stability Report, October 2020 available in PDF, EPUB and Kindle. Near-term global financial stability risks have been contained as an unprecedented policy response to the coronavirus (COVID-19) pandemic has helped avert a financial meltdown and maintain the flow of credit to the economy. For the first time, many emerging market central banks have launched asset purchase programs to support the smooth functioning of financial markets and the overall economy. But the outlook remains highly uncertain, and vulnerabilities are rising, representing potential headwinds to recovery. The report presents an assessment of the real-financial disconnect, as well as forward-looking analysis of nonfinancial firms, banks, and emerging market capital flows. After the outbreak, firms’ cash flows were adversely affected as economic activity declined sharply. More vulnerable firms—those with weaker solvency and liquidity positions and smaller size—experienced greater financial stress than their peers in the early stages of the crisis. As the crisis unfolds, corporate liquidity pressures may morph into insolvencies, especially if the recovery is delayed. Small and medium-sized enterprises (SMEs) are more vulnerable than large firms with access to capital markets. Although the global banking system is well capitalized, some banking systems may experience capital shortfalls in an adverse scenario, even with the currently deployed policy measures. The report also assesses the pandemic’s impact on firms’ environmental performance to gauge the extent to which the crisis may result in a reversal of the gains posted in recent years.
Global Financial Stability Report, October 2021
Global Financial Stability Report, October 2021 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Financial Stability Report, October 2021 write by INTERNATIONAL MONETARY FUND.. This book was released on 2021-10-12. Global Financial Stability Report, October 2021 available in PDF, EPUB and Kindle. Financial stability risks have been contained so far, reflecting ongoing policy support and a rebound in the global economy earlier this year. Chapter 1 explains that financial conditions have eased further in net in advanced economies but changed little in emerging markets. However, the optimism that propelled markets earlier in the year has faded on growing concerns about the strength of the global recovery, and ongoing supply chain disruptions intensified inflation concerns. Signs of stretched asset valuations in some market segments persist, and pockets of vulnerabilities remain in the nonbank financial sector; recovery is uneven in the corporate sector. Chapter 2 discusses the opportunities and challenges of the crypto ecosystem. Crypto asset providers’ lack of operational or cyber resilience poses risks, and significant data gaps imperil financial integrity. Crypto assets in emerging markets may accelerate dollarization risks. Chapter 3 shows that sustainable funds can support the global transition to a green economy but must be scaled up to have a major impact. It also discusses how a disorderly transition could disrupt the broader investment fund sector in the future.
Global Financial Stability Report, October 2019
Global Financial Stability Report, October 2019 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Financial Stability Report, October 2019 write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2019-10-16. Global Financial Stability Report, October 2019 available in PDF, EPUB and Kindle. The October 2019 Global Financial Stability Report (GFSR) identifies the current key vulnerabilities in the global financial system as the rise in corporate debt burdens, increasing holdings of riskier and more illiquid assets by institutional investors, and growing reliance on external borrowing by emerging and frontier market economies. The report proposes that policymakers mitigate these risks through stricter supervisory and macroprudential oversight of firms, strengthened oversight and disclosure for institutional investors, and the implementation of prudent sovereign debt management practices and frameworks for emerging and frontier market economies.
Global Financial Stability Report, April 2013
Global Financial Stability Report, April 2013 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Financial Stability Report, April 2013 write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2013-04-17. Global Financial Stability Report, April 2013 available in PDF, EPUB and Kindle. The Global Financial Stability Report examines current risks facing the global financial system and policy actions that may mitigate these. It analyzes the key challenges facing financial and nonfinancial firms as they continue to repair their balance sheets. Chapter 2 takes a closer look at whether sovereign credit default swaps markets are good indicators of sovereign credit risk. Chapter 3 examines unconventional monetary policy in some depth, including the policies pursued by the Federal Reserve, the Bank of England, the Bank of Japan, the European Central Bank, and the U.S. Federal Reserve.
Global Financial Stability Report, April 2016
Global Financial Stability Report, April 2016 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Financial Stability Report, April 2016 write by International Monetary Fund. Monetary and Capital Markets Department. This book was released on 2016-04-11. Global Financial Stability Report, April 2016 available in PDF, EPUB and Kindle. The current Global Financial Stability Report (April 2016) finds that global financial stability risks have risen since the last report in October 2015. The new report finds that the outlook has deteriorated in advanced economies because of heightened uncertainty and setbacks to growth and confidence, while declines in oil and commodity prices and slower growth have kept risks elevated in emerging markets. These developments have tightened financial conditions, reduced risk appetite, raised credit risks, and stymied balance sheet repair. A broad-based policy response is needed to secure financial stability. Advanced economies must deal with crisis legacy issues, emerging markets need to bolster their resilience to global headwinds, and the resilience of market liquidity should be enhanced. The report also examines financial spillovers from emerging market economies and finds that they have risen substantially. This implies that when assessing macro-financial conditions, policymakers may need to increasingly take into account economic developments in emerging market economies. Finally, the report assesses changes in the systemic importance of insurers, finding that across advanced economies the contribution of life insurers to systemic risk has increased in recent years. The results suggest that supervisors and regulators should take a more macroprudential approach to the sector.
