Global Financial Stability Report, March 2003: Market Developments and Issues
March 26, 2003
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This March 2003 issue of the Global Financial Stability Report highlights that the supportive stance of monetary policy in the major economies, coupled with more risk-averse behavior by both institutional and retail investors, has contributed to a sizable buildup of cash positions. A partial mobilization of these cash positions in the fourth quarter of 2002 helped fuel a short-lived stock market rally, led to a narrowing of credit spreads on mature and emerging bonds, and contributed to an increase in flows to emerging market borrowers.
Subject: Derivative markets, Emerging and frontier financial markets, Financial institutions, Financial markets, Securities markets, Stock markets, Stocks
Keywords: Africa, Asia and Pacific, asset, bond market, Derivative markets, Emerging and frontier financial markets, Europe, GFSR, Global, investor, investor sentiment, market, market confidence, market development, market infrastructure, market participant, Middle East, securities, Securities markets, Stock markets, Stocks
Pages:
162
Volume:
2003
DOI:
Issue:
001
Series:
Global Financial Stability Report No. 2003/001
Stock No:
GFSREA0012003
ISBN:
9781589062108
ISSN:
1729-701X
