## Dataset overview (ch1data) ## Source details **Canonical URL:** [Dataset overview (ch1data)](https://www.imf.org/-/media/files/publications/gfsr/2025/april/data/ch1data.xlsx) ## Other formats - [Markdown version](/-/media/files/publications/gfsr/2025/april/data/ch1data.xlsx.md) - [Structured JSON version](/-/media/files/publications/gfsr/2025/april/data/ch1data.xlsx.json) --- ### Dataset structure and worksheets - Workbook contains multiple worksheets including: "1.12 panel 1", "1.12 panel 2", "1.12 panel 3", "1.14 panel 2", "1.14 panel 3 ", "1.14 panel 4", "1.17 panel 3", "1.17 panel 4", "1.22 panel 2", "1.23 panel 3", "box 1.2 panel 3", and "box 1.2 panel 4". - Row and column counts vary across worksheets; examples include: - "1.12 panel 1": rowCount 46, columnCount 7. - "1.12 panel 2": rowCount 52, columnCount 33. - "1.14 panel 4": rowCount 15, columnCount 599. - "box 1.2 panel 3": rowCount 75, columnCount 3. ### Hedge fund strategy allocations (1.12 panel 1 sample points) - Columns: Equity; Event driven; Relative value; Macro; Multistrategy; Other. - Sample quarterly observations (date in ISO format and strategy weights): - "2013-03-29T00:00:00.000Z": Equity 0.843; Event driven 0.128; Relative value 0.111; Macro 0.19; Multistrategy 0.473; Other 0.187. - "2013-06-28T00:00:00.000Z": Equity 0.867; Event driven 0.136; Relative value 0.169; Macro 0.197; Multistrategy 0.482; Other 0.192. - "2013-09-30T00:00:00.000Z": Equity 0.937; Event driven 0.141; Relative value 0.21; Macro 0.197; Multistrategy 0.509; Other 0.2. - "2013-12-31T00:00:00.000Z": Equity 1.071; Event driven 0.151; Relative value 0.236; Macro 0.211; Multistrategy 0.538; Other 0.242. - "2014-03-31T00:00:00.000Z": Equity 1.089; Event driven 0.154; Relative value 0.217; Macro 0.261; Multistrategy 0.565; Other 0.227. - "2014-06-30T00:00:00.000Z": Equity 1.184; Event driven 0.173; Relative value 0.234; Macro 0.264; Multistrategy 0.593; Other 0.245. - "2014-09-30T00:00:00.000Z": Equity 1.131; Event driven 0.176; Relative value 0.264; Macro 0.244; Multistrategy 0.637; Other 0.25. - "2014-12-31T00:00:00.000Z": Equity 1.167; Event driven 0.175; Relative value 0.237; Macro 0.239; Multistrategy 0.653; Other 0.252. - "2015-03-31T00:00:00.000Z": Equity 1.2; Event driven 0.184; Relative value 0.271; Macro 0.307; Multistrategy 0.663; Other 0.271. - "2015-06-30T00:00:00.000Z": Equity 1.213; Event driven 0.191; Relative value 0.252; Macro 0.332; Multistrategy 0.652; Other 0.258. ### Hedge fund strategy risk measures (1.12 panel 2 sample points) - Columns include: Dates; Relative value ; Macro; CTA; Multistrategy; Equity ; Event-driven ; All five hedge fund strategies (asset-weighted). - Sample rows: - "2014-12-31T00:00:00.000Z": Relative value 15.9; Macro 15.9; CTA 8.6; Multistrategy 5.5; Equity 2.9; Event-driven 2.2; All five hedge fund strategies (asset-weighted) 6.816696349065005. - "2015-03-31T00:00:00.000Z": Relative value 15.7; Macro 15.7; CTA 7.8; Multistrategy 5.6; Equity 3.2; Event-driven 2.2; All five hedge fund strategies (asset-weighted) 6.913846838824576. - "2015-06-30T00:00:00.000Z": Relative value 13.4; Macro 15.8; CTA 10.2; Multistrategy 7.7; Equity 3.2; Event-driven 2.3; All five hedge fund strategies (asset-weighted) 7.391651825467497. - "2015-09-30T00:00:00.000Z": Relative value 15.3; Macro 17.3; CTA 13.5; Multistrategy 7.3; Equity 3.1; Event-driven 2.2; All five hedge fund strategies (asset-weighted) 7.615894924309885. - "2015-12-31T00:00:00.000Z": Relative value 15; Macro 13.5; CTA 10.9; Multistrategy 6.1; Equity 3.2; Event-driven 2.1; All five hedge fund strategies (asset-weighted) 6.694657168299198. - "2016-03-31T00:00:00.000Z": Relative value 16.1; Macro 14.7; CTA 9.8; Multistrategy 7; Equity 3.4; Event-driven 2.1; All five hedge fund strategies (asset-weighted) 7.340783615316117. - "2016-06-30T00:00:00.000Z": Relative value 16.9; Macro 14.6; CTA 7.3; Multistrategy 7.1; Equity 3.2; Event-driven 2.1; All five hedge fund strategies (asset-weighted) 7.364292074799644. - "2016-09-30T00:00:00.000Z": Relative value 16.9; Macro 11.2; CTA 8.2; Multistrategy 11; Equity 3.1; Event-driven 2; All five hedge fund strategies (asset-weighted) 8.12172751558326. - "2016-12-30T00:00:00.000Z": Relative value 16.4; Macro 13.3; CTA 7.3; Multistrategy 10.1; Equity 3.1; Event-driven 2; All five hedge fund strategies (asset-weighted) 8.070770258236866. - "2017-03-31T00:00:00.000Z": Relative value 19.1; Macro 16.4; CTA 8; Multistrategy 8; Equity 3.2; Event-driven 2.2; All five hedge fund strategies (asset-weighted) 8.134750667853963. ### Composition of exposures (1.12 panel 3 sample) - Percent shares by instrument type (sample): - Interest rate derivatives: 42.21655122129056 (Percent). - Other derivatives: 42.346752773293055 (Percent). - Repurchase agreements: 15.436696005416383 (Percent). ### Public debt or liabilities as Percent of GDP (1.14 panel 2 sample) - Country-level Percent of GDP values (sample rows): - THA: 172.2 (Percent of GDP). - MYS: 155.6 (Percent of GDP). - CHL: 138.7 (Percent of GDP). - IND: 93.6 (Percent of GDP). - BRA: 89.7 (Percent of GDP). - HUN: 87.6 (Percent of GDP). - ZAF: 66.2 (Percent of GDP). - POL: 58.5 (Percent of GDP). - COL: 55.5 (Percent of GDP). - IDN: 39.3 (Percent of GDP). ### Statistical filters and averages for selected countries (1.14 panel 3 sample) - Columns: Moving Average; HP Filter; Christiano-Fitzgerald Filter ; Average. - Sample country results (numbers preserved exactly): - THA: Moving Average -4.900006103515636; HP Filter -0.3339703698363792; Christiano-Fitzgerald Filter 9.89549593973974; Average 1.5538398221292418. - MYS: Moving Average -10.400000000000006; HP Filter -7.759658715223736; Christiano-Fitzgerald Filter -0.274522420110544; Average -6.144727045111428. - CHL: Moving Average -10.014996337890636; HP Filter -16.24651150135105; Christiano-Fitzgerald Filter -2.1913250889912383; Average -9.484277642744308. - IND: Moving Average 3.0100036621093693; HP Filter -3.0755372704317807; Christiano-Fitzgerald Filter -3.1823143899380217; Average -1.0826159994201443. - BRA: Moving Average 4.850001525878909; HP Filter 1.421391995907186; Christiano-Fitzgerald Filter 1.4310351520793558; Average 2.567476224621817. - HUN: Moving Average -6.705000305175787; HP Filter -10.745374973604612; Christiano-Fitzgerald Filter -1.117658751704854; Average -6.189344676828418. - ZAF: Moving Average -2.639996337890622; HP Filter -5.665818152399311; Christiano-Fitzgerald Filter -2.838507737714587; Average -3.714774076001506. - POL: Moving Average -11.269996643066406; HP Filter -20.370659900102027; Christiano-Fitzgerald Filter -9.425686172187714; Average -13.688780905118714. - COL: Moving Average -6.845001220703125; HP Filter -9.193049984195156; Christiano-Fitzgerald Filter -2.3166760753756286; Average -6.11824242675797. - IDN: Moving Average -2.3450004577636747; HP Filter -1.7486116266424858; Christiano-Fitzgerald Filter -0.036750735441817506; Average -1.3767876066159925. ### Large "1.14 panel 4" table (sample highlights) - Worksheet has a wide column set (columnCount 599) with mixed country rows and numerous mostly-null cells in the sample. - Sample rows include per-country metrics; examples: - BRA: Change Int Exp/Revenue 0.6603144541907504; Change GFN 1.6868300526628026; GFN to GDP 15.867731883149103; additional many sparse numeric entries including 0.036500223433084025, 0.03919150521241176, 0.04592164361329872, 0.033689042391024396, 0.0378093726657375, 0.04264644180506026, 0.03271586805065952, 0.03705758655046821, 0.03177847524165485, 0.04066732463191099, 0.034472405253327204, 0.028593626703636334, 0.039925268694659684, 0.03182097641967544, 0.031143934368192985, 0.03249801847115897, 0.03276883529175002, 0.03276883529175125, 0.032768835291752035. - CHL: Change Int Exp/Revenue 0.9773714099663087; Change GFN -0.13970563385012014; GFN to GDP 4.4765430952752965; additional sparse numeric entries including 0.02727887562453102, 0.04268645598253127, 0.058099033792576193, 0.051274183528150455, 0.07385574710967491, 0.07461463310755158, 0.03547945241796618, 0.013134213898486182, 0.047362399057347675, 0.08020911638804012, 0.042520731143093814, 0.04975383462483526, 0.051509027872409005, 0.032202235701114294, 0.021382501879965203, 0.019491754782302532, 0.030570184335557474, 0.039148926382761705, 0.04030855719581891, 0.03976275754297831, 0.038674426498691995, 0.0386744156044872. - COL: Change Int Exp/Revenue 4.006633014169971; Change GFN -0.8077331044231428; GFN to GDP 5.762019256855863. - MEX: Change Int Exp/Revenue 2.2783096270107848; Change GFN 2.0677790044084077; GFN to GDP 10.433587101185179. - PER: Change Int Exp/Revenue 0.46266608569500356; Change GFN -1.2340257100203238; GFN to GDP 3.266744917335054. - THA: Change Int Exp/Revenue 1.5441706043539511; Change GFN 3.8966447848964965; GFN to GDP 8.55305366646167. - IND: Change Int Exp/Revenue 1.9230955342773974; Change GFN 7.90786768248385; GFN to GDP 14.6735756402358. - IDN: Change Int Exp/Revenue 3.889128986553235; Change GFN 1.4332519505950865; GFN to GDP 5.541726954492193. - MYS: Change Int Exp/Revenue 3.5684671945300295; Change GFN 1.3186541326090637; GFN to GDP 8.263562904415847. - PHL: Change Int Exp/Revenue 4.641285682064137; Change GFN 3.7542711823036825; GFN to GDP 8.8390915636605. ### Misalignment per risk unit and percentiles (1.22 panel 2 sample) - Columns include: Misalignment per risk unit; Percentile (right scale). - Sample rows: - US IG, "24Q4": Misalignment per risk unit -5.039399688404444; Percentile (right scale) 5.7. - US IG, "25Q1": Misalignment per risk unit -5.120532351383331; Percentile (right scale) 5.4. - US IG, "Apr. 25": Misalignment per risk unit -3.9549012426662715; Percentile (right scale) 9.1. - US HY, "24Q4": Misalignment per risk unit -5.266465897416572; Percentile (right scale) 4.3. - US HY, "25Q1": Misalignment per risk unit -5.391484567817819; Percentile (right scale) 3.9. - US HY, "Apr. 25": Misalignment per risk unit -2.524573520936531; Percentile (right scale) 17.5. - Euro IG, "24Q4": Misalignment per risk unit -2.9063705933949744; Percentile (right scale) 6.2. - Euro IG, "25Q1": Misalignment per risk unit -3.7276055884608854; Percentile (right scale) 2.1999999999999997. - Euro IG, "Apr. 25": Misalignment per risk unit -2.1202317615520836; Percentile (right scale) 12.4. - Euro HY, "24Q4": Misalignment per risk unit -3.2470637972339222; Percentile (right scale) 3.1. ### Time series of market concentration or share measures (1.23 panel 3 sample) - Columns: year; Advanced economies; Emerging markets. - Sample rows (year and values): - 2010: Advanced economies 0.24662524761526355; Emerging markets 0.43825664166512207. - 2011: Advanced economies 0.2695569929361471; Emerging markets 0.4668832627713186. - 2012: Advanced economies 0.25522333939807545; Emerging markets 0.47994306298122313. - 2013: Advanced economies 0.24936840045043063; Emerging markets 0.48136579034349053. - 2014: Advanced economies 0.23734341053994162; Emerging markets 0.49745936575090843. - 2015: Advanced economies 0.2393041353345261; Emerging markets 0.508089405346272. - 2016: Advanced economies 0.24082494896679513; Emerging markets 0.47424770572593566. - 2017: Advanced economies 0.22541038558227622; Emerging markets 0.46120921518233754. - 2018: Advanced economies 0.24001711834929712; Emerging markets 0.45580414558435683. - 2019: Advanced economies 0.2343963069888657; Emerging markets 0.4584393866212546. ### Bank solvency and asset composition (box 1.2 samples) - "box 1.2 panel 3" (Comprehensive solvency ratio; Core solvency ratio) sample quarterly values: - "2020-06-30T00:00:00.000Z": Comprehensive solvency ratio 242.6; Core solvency ratio 230.4. - "2020-09-30T00:00:00.000Z": Comprehensive solvency ratio 242.5; Core solvency ratio 230.5. - "2020-12-31T00:00:00.000Z": Comprehensive solvency ratio 246.3; Core solvency ratio 234.3. - "2021-03-31T00:00:00.000Z": Comprehensive solvency ratio 246.3; Core solvency ratio 234.2. - "2021-06-30T00:00:00.000Z": Comprehensive solvency ratio 243.7; Core solvency ratio 231. - "2021-09-30T00:00:00.000Z": Comprehensive solvency ratio 240; Core solvency ratio 227.3. - "2021-12-31T00:00:00.000Z": Comprehensive solvency ratio 232.1; Core solvency ratio 219.7. - "2022-03-31T00:00:00.000Z": Comprehensive solvency ratio 224.2; Core solvency ratio 150. - "2022-06-30T00:00:00.000Z": Comprehensive solvency ratio 220.8; Core solvency ratio 148.1. - "2022-09-30T00:00:00.000Z": Comprehensive solvency ratio 212; Core solvency ratio 139.7. - "box 1.2 panel 4" (Share of level 3 assets; Share of alternative assets) sample annual values: - 2020: Share of level 3 assets 19.44901691826974; Share of alternative assets 21. - 2021: Share of level 3 assets 15.3444754159134; Share of alternative assets 20.2. - 2022: Share of level 3 assets 10.978000974773124; Share of alternative assets 18. - 2023: Share of level 3 assets 11.097931536608542; Share of alternative assets 12.5. *Dataset: ch1data — canonical URL: https://www.imf.org/-/media/files/publications/gfsr/2025/april/data/ch1data.xlsx* --- _Source: https://www.imf.org/-/media/files/publications/gfsr/2025/april/data/ch1data.xlsx_