## figure1-14

## Source details

**Canonical URL:** [figure1-14](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/charts/figure1-14.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2019/april/english/ch1data/charts/figure1-14.pdf.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2019/april/english/ch1data/charts/figure1-14.pdf.json)

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### Sovereign Spreads (panel 1)
- Unit: Basis points
- Vertical axis maximum set to 1,000 basis points to show the latest data more clearly.
- Axis tick/label values shown in the figure: 0, 100, 200, 300, 400, 500, 600, 700, 800, 900, 1,000
- Time labels shown in the figure: 17Jan.2018; Mar.; May; Jul.; Sep.; Nov.; Jan.19; Mar.18; 19; 18; 19; 20; 10 (as presented in the figure)

### Italian Sovereign Spread and Bank Market Indicators (panel 2)
- Units: Basis points; ratio
- Indicators plotted:
  - Sovereign bond spread (left scale; basis points)
  - Bank credit default swap spread (left scale; basis points)
  - Bank price-to-book ratio (right scale; ratio)
- Countries/codes shown in the figure: ITA, FRA, ESP, GRC, PRT
- Right-scale tick/label values shown in the figure for price-to-book ratio: 0.35, 0.40, 0.45, 0.50, 0.55, 0.60, 0.65
- Left-scale tick/label values shown in the figure for basis points: 0, 50, 100, 150, 200, 250, 300
- The figure note states: "In panel 2, the average of individual bank price-to-book ratios and credit default swap spreads is used."
- Caption summary text from the figure: "Italian sovereign spreads have widened ...... and bank market indicators have deteriorated."

### Data sources and notes
- Sources: Bloomberg Finance L.P.; and IMF staff calculations.
- Additional note reproduced exactly as presented: "Data labels in the figure use International Organization for Standardization (ISO) country codes."

*Source: figure1-14 (PDF) — Sources: Bloomberg Finance L.P.; and IMF staff calculations.*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/ch1data/charts/figure1-14.pdf_