## Preface

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### Purpose and role of the Global Financial Stability Report (GFSR)
- The Global Financial Stability Report (GFSR) assesses key risks facing the global financial system.
- In normal times, the report seeks to play a role in preventing crises by highlighting policies that may mitigate systemic risks, thereby contributing to global financial stability and the sustained economic growth of the IMF’s member countries.

### Coordination and project leadership
- The analysis in this report has been coordinated by the Monetary and Capital Markets (MCM) Department under the general direction of Tobias Adrian, Director.
- The project has been directed by Fabio Natalucci and Dong He, both Deputy Directors, as well as by Claudio Raddatz and Anna Ilyina, both Division Chiefs.
- It has benefited from comments and suggestions from the senior staff in the MCM Department.

### Individual contributors
- Individual contributors to the report are Ali Al-Eyd, Adrian Alter, Sergei Antoshin, Anil Ari, Magally Bernal, Christian Bogmans, Luis Brandão-Marques, Peter Breuer, Jeroen Brinkhoff, John Caparusso, Qianying Chen, Sally Chen, Yingyuan Chen, Kevin Chow, Fabio Cortes, Jane Dokko, Dimitris Drakopoulos, J. Benson Durham, Martin Edmonds, Alan Xiaochen Feng, Rohit Goel, Tryggvi Gudmundsson, Hideo Hashimoto, Sanjay Hazarika, Frank Hespeler, Henry Hoyle, Mohamed Jaber, David Jones, Mitsuru Katagiri, Will Kerry, Oksana Khadarina, Ashraf Khan, Divya Kirti, Robin Koepke, Romain Lafarguette, Jiaqi Li, Yang Li, Sheheryar Malik, Rebecca McCaughrin, Aditya Narain, Thomas Piontek, Jochen Schmittmann, Dulani Seneviratne, Juan Solé, Ilan Solot, Nour Tawk, Jérôme Vandenbussche, Jeffrey Williams, Peichu Xie, and Akihiko Yokoyama.

### Production and editorial support
- Magally Bernal, Claudia Cohen, Breanne Rajkumar, and Han Zaw were responsible for word processing.
- Gemma Diaz from the Communications Department led the editorial team and managed the report’s production with support from Linda Kean and editorial assistance from Sherrie Brown, Lucy Scott Morales, Nancy Morrison, Katy Whipple, AGS, and Vector Talent Resources.

### External consultations
- This particular issue of the GFSR draws in part on a series of discussions with banks, securities firms, asset management companies, hedge funds, standard setters, financial consultants, pension funds, central banks, national treasuries, and academic researchers.

### Timing and attribution
- This GFSR reflects information available as of March 30, 2018.
- The report benefited from comments and suggestions from staff in other IMF departments, as well as from Executive Directors following their discussion of the GFSR on April 2, 2018.
- However, the analysis and policy considerations are those of the IMF staff and should not be attributed to Executive Directors or their national authorities.

*International Monetary Fund | April 2018                        ix*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2018/april/ch1/doc/preface.pdf_