Global Financial Stability Report, September 2005: Market Developments and Issues

September 15, 2005

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Format: Chicago

Global Financial Stability Report, September 2005: Market Developments and Issues, (USA: International Monetary Fund, 2005) accessed November 12, 2024

Summary

This September 2005 issue of the Global Financial Stability Report highlights that financial conditions have remained broadly positive over the past six months, but some market developments diverged from consensus expectations of market participants. Long-term interest rates, instead of rising, as expected by some investors, have moderated, leading to a further flattening of global yield curves. This reflected cyclical factors, as market participants seemed to expect more moderate global growth and inflation, and structural factors such as a secular portfolio shift toward long-term bonds by pension funds and life insurance companies.

Subject: Bonds, Corporate bonds, Emerging and frontier financial markets, Financial institutions, Financial markets, Mutual funds, Securities markets

Keywords: Africa, Asia and Pacific, Bond market, Bonds, CDO market, Corporate bond bond market, Corporate bonds, Emerging and frontier financial markets, Europe, GFSR, Global, Global bond, Institutional investor, Market correction, Market expectation, Market inflation expectation, Middle East, Mutual funds, Risk premium, Securities markets

Publication Details

Pages:

220
Volume:

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DOI:

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Issue:

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Series:

Global Financial Stability Report No. 2005/002
Stock No:

GFSREA2005002
ISBN:

9781589064508
ISSN:

1729-701X

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