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The Resource Global financial stability report : vulnerabilities, legacies, and policy challenges : risks rotating to emerging markets, International Monetary Fund

Global financial stability report : vulnerabilities, legacies, and policy challenges : risks rotating to emerging markets, International Monetary Fund

Label
Global financial stability report : vulnerabilities, legacies, and policy challenges : risks rotating to emerging markets
Title
Global financial stability report
Title remainder
vulnerabilities, legacies, and policy challenges : risks rotating to emerging markets
Statement of responsibility
International Monetary Fund
Creator
Issuing body
Subject
Language
eng
Summary
Financial stability has improved in advanced economies since April, but risks continue to rotate toward emerging markets. The global financial outlook is clouded by a triad of policy challenges: emerging market vulnerabilities, legacy issues from the crisis in advanced economies, and weak systemic market liquidity. Although many emerging market economies have enhanced their policy frameworks and resilience to external shocks, several key economies face substantial domestic imbalances and lower growth. Recent market developments such as slumping commodity prices, China's bursting equity bubble and pressure on exchange rates underscore these challenges. The prospect of the U.S. Federal Reserve gradually raising interest rates points to an unprecedented adjustment in the global financial system as financial conditions and risk premiums normalize from historically low levels alongside rising policy rates and a modest cyclical recovery. Chapter 2 examines in detail the factors that influence levels of liquidity in securities markets, as well as the implications of low liquidity. Currently, market liquidity is being supported by benign cyclical conditions. Although it is too early to assess the impact of recent regulatory changes on market liquidity, changes in market structure, such as larger holdings of corporate bonds by mutual funds, appear to have increased the fragility of liquidity. Chapter 3 studies the growing level of corporate debt in emerging markets, which quadrupled between 2003 and 2014. The report finds that global drivers have played an increasing role in leverage growth, issuance, and spreads. Moreover, higher leverage has been associated with, on average, rising foreign currency exposures. It also finds that despite weaker balance sheets, firms have managed to issue bonds at better terms as a result of favorable financial conditions --
Member of
Assigning source
Provided by Publisher
Cataloging source
BTCTA
Index
no index present
Literary form
non fiction
Nature of contents
bibliography
http://bibfra.me/vocab/lite/organizationName
International Monetary Fund
Series statement
World economic and financial surveys,
http://library.link/vocab/subjectName
  • Capital market
  • Economic stabilization
  • International finance
  • Economic stabilization
Label
Global financial stability report : vulnerabilities, legacies, and policy challenges : risks rotating to emerging markets, International Monetary Fund
Instantiates
Publication
Note
On front cover -- "October 2015"
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17794328
Dimensions
30 cm.
Extent
xiv, 114 pages
Isbn
9781513582047
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)1088456738
Label
Global financial stability report : vulnerabilities, legacies, and policy challenges : risks rotating to emerging markets, International Monetary Fund
Publication
Note
On front cover -- "October 2015"
Bibliography note
Includes bibliographical references
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb17794328
Dimensions
30 cm.
Extent
xiv, 114 pages
Isbn
9781513582047
Media category
unmediated
Media MARC source
rdamedia.
Media type code
  • n
System control number
(OCoLC)1088456738

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