## PREFACE

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**Canonical URL:** [PREFACE](https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/preface.pdf)

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

### Individual contributors
- Adrian Alter
- Prasad Ananthakrishnan
- Sergei Antoshin
- Magally Bernal
- Peter Breuer
- John Caparusso
- Sally Chen
- Shiyuan Chen
- Yingyuan Chen
- Kevin Chow
- Fabio Cortes
- Andrea Deghi
- Dimitris Drakopoulos
- Martin Edmonds
- Rohit Goel
- Alexei Goumilevski
- Tryggvi Gudmundsson
- Frank Hespeler
- Henry Hoyle
- Mohamed Jaber
- David Jones
- Mitsuru Katagiri
- Will Kerry
- Oksana Khadarina
- Piyusha Khot
- Robin Koepke
- Elizabeth Mahoney
- Sheheryar Malik
- Rebecca McCaughrin
- Aditya Narain
- Evan Papageorgiou
- Thomas Piontek
- Jochen Schmittmann
- Sohaib Shahid
- Juan Solé
- Ilan Solot
- Nico Valckx
- Constant Verkoren
- Jeffrey Williams
- Peichu Xie
- Janice Yi Xue
- Akihiko Yokoyama
- Xingmi Zheng
- Magally Bernal, Monica Devi, and Breanne Rajkumar were responsible for word processing.

### Editorial and production team
- Gemma Diaz from the Communications Department led the editorial team and managed the report’s production.
- Editorial assistance provided by Sherrie Brown, Christine Ebrahimzadeh, Lucy Scott Morales, Nancy Morrison, Katy Whipple of The Grauel Group, AGS, and Vector Talent Resources.

### External consultations and sources
- This 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.
- 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 March 21, 2019.

### Scope, timing, and attribution
- This GFSR reflects information available as of March 21, 2019.
- The analysis and policy considerations are those of the contributing staff and should not be attributed to the IMF, its Executive Directors, or their national authorities.

*International Monetary Fund | April 2019*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/april/english/preface.pdf_