## Figure 1.1. Global Financial Stability Map: Risks and Conditions

## Source details

**Canonical URL:** [Figure 1.1. Global Financial Stability Map: Risks and Conditions](https://www.imf.org/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-1.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-1.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-1.pdf.json)

---

### Overview
- Visual compares positions on a two-dimensional map: "Risks" (away from center signifies higher risks) and "Conditions" (away from center signifies easier monetary and financial conditions, or higher risk appetite).
- Two plotted vintages shown: "October 2016 GFSR" and "April 2017 GFSR".
- Shaded region indicates the global financial crisis as reflected in the stability map of the April 2009 Global Financial Stability Report (GFSR).

### Risk and condition categories shown on the map
- Emerging market risks
- Credit risks
- Market and liquidity risks
- Risk appetite
- Monetary and financial conditions
- Macroeconomic risks

### Interpretive points conveyed by the figure
- Positioning relative to center:
  - Away from center on the Risks axis signifies higher risks.
  - Away from center on the Conditions axis signifies easier monetary and financial conditions, or higher risk appetite.
- The figure provides a snapshot comparison of systemic risk perceptions and financial conditions between October 2016 and April 2017.
- The shaded April 2009 region provides a historical benchmark for the severity of the global financial crisis.

*Source: IMF staff estimates.*

---


_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-1.pdf_