## fmucharts

## Source details

**Canonical URL:** [fmucharts](https://www.imf.org/-/media/files/publications/fmu/fmucharts.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/fmu/fmucharts.pdf.md)
- [Structured JSON version](/-/media/files/publications/fmu/fmucharts.pdf.json)

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### Mortgage delinquencies by vintage year
- Chart: "Mortgage Delinquencies by Vintage Year (60+ day delinquencies, in percent of balance)"
- Series by loan type: Subprime, Alt-A, Prime.
- X axis: "Months after origination" with ticks at 0, 5, 10, 15, 20, 25, 30, 35, 40.
- Vintage years shown for Subprime and Alt-A: 2007, 2006, 2005, 2004, 2003, 2002, 2001, 2000.
- Vintage years shown for Prime: 2007, 2006, 2005, 2000, 1995, 1990, 1985.
- Delinquency scale examples (percent of balance): Subprime axis shows 0, 10, 20, 30, 40, 50; Alt-A axis shows 0, 2, 4, 6, 8, 10, 12, 14, 16, 18; Prime axis shows 0.0, 0.5, 1.0, 1.5, 2.0, 2.5, 3.0.

### Loan chargeoffs
- Chart: "Loan Chargeoffs (In percent)"
- Sources: Barclays Capital; Bloomberg L.P.; National Bureau of Economic Research; and IMF staff estimates.
- Series include: Recessions; Other consumer loans; Residential real estate; Commercial real estate; Commercial loans; Credit cards (right scale).
- Y-axis tick examples: -10, 0, 10, 20, 30, 40 (percent).

### Expected inflation rates (breakevens)
- Chart: "Expected Inflation Rates (Breakevens, in basis points)"
- Sources: Barclays Capital; Bloomberg L.P.; and IMF staff estimates.
- Note: Emerging markets include Brazil, Colombia, Korea, Mexico, Poland, South Africa, and Turkey.
- Separate series for Mature markets and Emerging markets.
- X-axis tick examples: 2004, 2005, 2006, 2007, 2008.

### Government-Sponsored Enterprises (GSEs)
- Chart panels: "Equity Performance (1/1/2008 = 100)" and "Debt Spreads over Treasuries (basis points)"
- Equity panel x-axis months: Jan, Feb, Mar, Apr, May, Jun, Jul; example series for Freddie Mac and Fannie Mae with index scale 40, 60, 80, 100, 120.
- Debt spreads panel x-axis years: 2004, 2005, 2006, 2007, 2008 with spread scale 0, 200, 400, 600, 800, 1000 basis points.
- Source: Bloomberg L.P.

### European housing prices (year-on-year percent change)
- Chart: "European Housing Prices (Year-on-year percent change)"
- Countries plotted: Ireland, United Kingdom, Spain.
- X-axis tick examples: 1985, 1990, 1995, 2000, 2005.
- Y-axis sample ticks: -10, 0, 10, 20, 30, 40 (percent).
- Sources: Ireland and Spain: national authorities; United Kingdom: Halifax, Nationwide, Rightmove; and IMF staff estimates.

### Bank writedowns and capital raised
- Chart: "Bank Writedowns and Capital Raised (In billions of U.S. dollars)"
- Regions: Asia, Europe, Americas.
- Two measures shown: Writedowns and Capital Raised.
- Y-axis tick examples: 0, 100, 200, 300, 400, 500 (billions of U.S. dollars).
- Source: Bloomberg L.P.

### Commercial banks: equity prices and credit default swap spreads
- Chart group: "Commercial Banks"
- Equity Prices panel: "Equity Prices (1/1/2007 = 100)" with series for United States and Europe; x-axis ticks Jan-07, Apr-07, Jul-07, Oct-07, Jan-08, Apr-08, Jul-08; y-axis ticks 20, 40, 60, 80, 100, 120.
- Credit Default Swap Spreads panel: "Credit Default Swap Spreads (basis points)" with series for United States and Europe; same x-axis ticks; y-axis ticks 0, 50, 100, 150, 200, 250, 300.
- Note: Equity prices reflect sub-indices of the S&P 500 and Eurofirst 300. U.S. credit default swaps represent simple averages of 10 U.S. banks while European spreads from Datastream index.
- Sources: Bloomberg L.P.; Datastream; and IMF staff estimates.

### Libor to Overnight Index Swaps spread
- Chart: "Spread of Libor to Overnight Index Swaps (3-month, basis points)"
- Series plotted: United States, Euro area, United Kingdom.
- X-axis ticks: Jan-07, Apr-07, Jul-07, Oct-07, Jan-08, Apr-08, Jul-08.
- Y-axis tick examples: 0, 20, 40, 60, 80, 100, 120 basis points.
- Sources: Bloomberg L.P.; and IMF staff estimates.

### Financial and industrial spreads
- Chart: "Financial and Industrial Spreads (In basis points)"
- Series: U.S. financials; U.S. Industrials; European financials; European industrials.
- X-axis ticks: Jan-07, Apr-07, Jul-07, Oct-07, Jan-08, Apr-08, Jul-08.
- Y-axis ticks: 0, 50, 100, 150, 200, 250, 300, 350, 400 basis points.
- Source: Merrill Lynch.

### U.S. private sector borrowing: scenarios
- Chart: "U.S. Private Sector Borrowing (Actual versus GFSR April 2008 scenarios, percent annualized growth)"
- Series: Actual; GFSR April 2008 scenarios labeled "Squeeze scenario" and "Crunch scenario".
- X-axis ticks: 1978, 1982, 1986, 1990, 1994, 1998, 2002, 2006.
- Note: Yellow bars represent recession periods.
- Sources: Federal Reserve; National Bureau of Economic Research; and IMF staff estimates.

### Emerging markets: equity markets and sovereign CDS
- Chart group: "Emerging Markets"
- Classification: economies with current account deficit larger than 5% of GDP versus current account surplus or small deficit.
- Equity Markets panel: "Equity Markets (7/1/2007 = 100)" with x-axis ticks Jul-07, Oct-07, Jan-08, Apr-08, Jul-08; y-axis ticks 70, 80, 90, 100, 110, 120.
- Sovereign CDS Spreads panel: "Sovereign CDS Spreads (7/1/2007 = 100)" with same x-axis ticks; y-axis ticks 0, 200, 400, 600, 800, 1000, 1200, 1400.
- Sources: Bloomberg L.P.; Datastream; and IMF staff estimates.

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_Source: https://www.imf.org/-/media/files/publications/fmu/fmucharts.pdf_