Global Financial Stability Report, September 2002: Market Developments and Issues
September 12, 2002
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This September 2002 issue of the Global Financial Stability Report highlights that during the second quarter of 2002, a sharp erosion of investor confidence heightened risk aversion and growing concerns about the strength and durability of the global recovery. The pace and quality of corporate earnings had repercussions in all of the major equity, credit, and foreign exchange markets. Market adjustments occurred against the background of the bursting of the telecom, media, and technology bubble, which exposed a culture of irrational exuberance, and sometimes greed, among many buyers, sellers, and intermediaries.
Subject: Bonds, Corporate bonds, Emerging and frontier financial markets, Financial institutions, Financial markets, Securities markets, Stock markets
Keywords: Africa, Asia and Pacific, Bonds, Corporate bonds, dollar, Emerging and frontier financial markets, emerging market, Europe, financial market, GFSR, Global, investor, investor concern, investor confidence, investor sentiment, market, market adjustment, market correction, Middle East, Securities markets, Stock markets
Pages:
78
Volume:
2002
DOI:
Issue:
003
Series:
Global Financial Stability Report No. 2002/003
Stock No:
GFSREA0032002
ISBN:
9781589061576
ISSN:
1729-701X
