Global Financial Stability Report: Market Developments and Issues, September 2002--Contents
Global Financial Stability Report, September 12, 2002
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Bibliographic details
- Published: September 12, 2002
- Series: Global Financial Stability Report
Purpose and scope
- Third issue of the Global Financial Stability Report, a quarterly publication launched in March 2002.
- Objective: provide a regular assessment of global financial markets and identify potential systemic weaknesses that could lead to crises.
- Policy aim: call attention to potential fault lines in the global financial system to help prevent crises and contribute to global financial stability and the prosperity of the IMF's member countries.
Contents — chapters and focus areas
- Preface
- Chapter I. Overview: Key Developments and Sources of Financial Market Risks (311KB pdf file)
- Assessment of Likely Outcomes and Sources of Financial Risk
- Promoting Global Financial Stability
- Chapter II. Developments and Sources of Risk in the Major Financial Centers (288KB pdf file)
- The Market Deterioration Stemming from Eroding Investor Confidence and Heightened Risk Aversion
- Main Financial Market Risks Associated with Shifts in the Pattern of Global Capital Flows
- References
- Chapter III. Emerging Market Developments and Financing (250KB pdf file)
- Emerging Market Financing Overview
- Emerging Bond Markets
- Primary Bond Issuance
- Bond Market Vulnerabilities
- Primary Market Vulnerabilities
- Emerging Equity Markets
- Net Foreign Flows to Emerging Equity Markets
- Investor Sentiment and Earnings Outlook
- Primary Equity Issuance
- Syndicated Lending in the Emerging Markets
- Foreign Exchange in Emerging Markets
- Chapter IV. Selected topic: Emerging Local Bond Markets (148KB pdf file)
- Size and Structure of Global Bond Markets
- Local Bond Markets as an Alternative Source of Funding
- Secondary Markets and the Role of Foreign Investors
- Conclusion
Boxes included
- 2.1 Governance and Accounting Issues
- 2.2 Equity Markets Indicate Deteriorating Investor Confidence, Lower Earnings Expectations, and Rising Risk Perception/Aversion
- 3.1 The Scope for Emerging Market Contagion
- 3.2 Developments in Brazil and Emerging Debt Markets Since the End of June
- 4.1 Indexed Bonds
- 4.2 External Refinancing Risk in Latin America
Tables listed
- 1.1 Financial Market Data
- Composition of U.S. Capital Flows
- Global Capital Inflows and Outflows
- 2.3 Returns in Global Markets
- 2.4 Market Value of Foreign Holdings of U.S. Long-Term Securities, by Type of Security
- EMBI+ Dollar Returns, 2002
- 3.3 Equity Market Performance, 2002
- Size and Structure of the Global Bond Market in 2001
- Selected Emerging Local Bond Markets: Amounts Outstanding
- 4.3 Emerging Market Debt Trading Volume Survey
Figures listed
- S&P 500 Earnings Growth Forecasts for 2002
- S&P 500 and National Income and Product Accounts Profits
- Relative Performance in Stock Markets
- Twelve-Month Forward Price/Earnings Ratios
- 2.5 Flows into U.S.-Based Equity Funds
- 2.6 Implied Risk-Neutral Probability Density Functions, Euro-U.S. Dollar, Three-Month Horizon
- 2.7 Shares of Countries with Current Account Surplus and Deficit in 2001
- Liquidity and Credit Premia Index
- Emerging Market Financing
- Cumulative Gross Annual Issuance of Bonds, Loans, and Equity
- 3.4 Emerging Market Spreads
- 3.5 Average Correlation of Emerging Debt Markets
- 3.6 Bond Issues
- 3.7 EMBI+ Spreads Versus 60-Day Returns
- 3.8 Correlation Between Returns on the EMBI+ and the Latin American Free Equity Index
- 3.9 Average Correlations of the Returns on Emerging Equity Markets Indices
- 3.10 Net Foreign Purchases and Monthly Returns on Emerging Equity Markets
- 3.11 Emerging Market Earnings Forecasts
- 3.12 Equity Placements
- 3.13 Syndicated Loan Commitments
- 3.14 Loan-Weighted Interest Margin
- 3.15 Loan-Weighted Maturity
- 3.16 Latin American Currencies Against the U.S. Dollar
- 3.17 Asian Currencies Since the Dollar Peak
- Corporate Bond Issuance in Selected Emerging Markets
Source: Global Financial Stability Report: Market Developments and Issues, September 2002
Content in this bundle
- Global Financial Stability Report - Chapter 1
- Global Financial Stability Report - Chapter 2
- Global Financial Stability Report - Chapter 3
- Global Financial Stability Report - Chapter 4
- Global Financial Stability Report, September 2002