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Global Financial Stability: Implications of the War in Ukraine

April 19, 2022

Fabio Natalucci says while not yet a financial crisis, there are huge uncertainties and significant implications for the global economy. (IMF photo)

While financial stability risks have risen on several fronts since the beginning of the war in Ukraine, the latest Global Financial Stability Report (GFSR) says no global systemic event affecting financial institutions or markets has materialized so far. Fabio Natalucci heads the GFSR as well as IMF Global Financial Markets Monitoring. In this podcast, he says stronger banking systems, higher capital and higher liquidity have helped to absorb the shock, but an intensification of the war could further test the resilience of the global financial system. Transcript

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Fabio Natalucci is Deputy Director in the Monetary and Capital Markets Department.