Global Financial Stability Report, April 2016: Potent Policies for a Successful Normalization
Global Financial Stability Report, April 11, 2016
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- Global Financial Stability Report, April 2016: Potent Policies for a Successful Normalization
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Bibliographic details
- Published: April 11, 2016
- Series: Global Financial Stability Report
- DOI: https://doi.org/10.5089/9781513506777.082
Summary findings
- The report (April 2016) finds that global financial stability risks have risen since the last report in October 2015.
- Outlook deterioration in advanced economies is driven by heightened uncertainty and setbacks to growth and confidence.
- Declines in oil and commodity prices and slower growth have kept risks elevated in emerging markets.
- Developments have tightened financial conditions, reduced risk appetite, raised credit risks, and stymied balance sheet repair.
- Financial spillovers from emerging market economies have risen substantially, implying greater importance of emerging market developments for macro-financial assessments.
- Across advanced economies, the contribution of life insurers to systemic risk has increased in recent years.
Policy implications and recommendations
- A broad-based policy response is needed to secure financial stability.
- Advanced economies must deal with crisis legacy issues.
- Emerging markets need to bolster their resilience to global headwinds.
- The resilience of market liquidity should be enhanced.
- Supervisors and regulators should take a more macroprudential approach to the insurance sector, given rising systemic importance of life insurers.
Key themes and terminology (as used in the report)
- Banking; Emerging and frontier financial markets; Financial institutions; Financial markets; Financial sector policy and analysis; Insurance; Insurance companies; Spillovers; Systemic risk
- Keywords: Africa; asset portfolio; commodity; cross-asset correlation; Emerging and frontier financial markets; emerging market economies; emerging market economy; emerging market economy assets; equity market spillover; equity price; Europe; financial condition; fiscal policy setting; GFSR; Global; heightened market volatility; index weight; Insurance; Insurance companies; market liquidity risk; Middle East; monetary policy; North America; reform; reform agenda; return on equity; revenue diversification; risk appetite; services market; Spillovers; Systemic risk
Italic: Global Financial Stability Report, April 2016: Potent Policies for a Successful Normalization (April 11, 2016).
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References
- https://www.imf.org/en/publications/gfsr
- United States and the IMF
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- Banking
- Emerging and frontier financial markets
- Financial institutions
- Financial markets
- Financial sector policy and analysis
- Insurance
- Insurance companies
- Spillovers
- Systemic risk
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