Global Financial Stablity Report, October 2013: Transition Challenges to Stability

October 9, 2013

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Global Financial Stablity Report, October 2013: Transition Challenges to Stability, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Also available in: العربية, español, français, 日本語, русский, 中文

Summary

The October 2013 Global Financial Stability Report examines current risks facing the global financial system at it undergoes a series of transitions along the path toward greater financial stability. The United States may soon move to less accommodative monetary policies and higher long-term interest rates as its recovery gains ground. Emerging markets face a transition to more volatile external conditions and higher risk premiums. Japan is moving toward the new “Abenomics” policy regime, and the euro area is moving toward a more robust and safer financial sector. Finally, the global banking system is phasing in stronger regulatory standards. Chapter 1 examines the challenges and risks of each of these transitions. Chapter 2 looks at efforts by policymakers to revive weak credit growth, which has been seen by many as a primary reason behind the slow economic recovery. The chapter argues that policies are most effective if they target the constraints that underlie the weakness in credit. But it cautions policymakers to be aware of the fiscal costs and implications for financial stability of credit-supporting policies. Chapter 3 examines how banking funding structures matter for financial stability and the potential impact of various regulatory reforms. It concludes that careful implementation of reform efforts are important to ensure that financial stability benefits are realized.

Subject: Bank credit, Banking, Credit, Emerging and frontier financial markets, Financial institutions, Financial markets, Financial sector policy and analysis, Financial sector stability, Financial statements, Loans, Money, Public financial management (PFM), Stocks

Keywords: Africa, Asset encumbrance, Bail-in debt, Bank, Bank credit, Central and Eastern Europe, Central bank, Commercial paper, Credit, Credit growth, Currency depreciation, Emerging and frontier financial markets, Emerging market, Emerging market bond index, Emerging market economy, Equity capital, Europe, Financial sector stability, Financial statements, GFSR, Global, Government bond, Loans, Market economy, Market liquidity, Middle East, Monetary policy normalization, Private sector, Stocks

Publication Details

Pages:

200
Volume:

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DOI:

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Issue:

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Series:

Global Financial Stability Report No. 2013/002
Stock No:

GFSREA2013002
ISBN:

9781475524970
ISSN:

1729-701X

Supplemental Resources

Link to Table of Contents
WEB

Notes

Executive summaries also available in Arabic, Spanish, , French, Russian, Chinese, Japanese

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