Global Financial Stability Report, October 2017 : Is Growth at Risk?

Author/Editor:

International Monetary Fund. Monetary and Financial Systems Dept.

Publication Date:

October 11, 2017

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The October 2017 Global Financial Stability Report finds that the global financial system continues to strengthen in response to extraordinary policy support, regulatory enhancements, and the cyclical upturn in growth. It also includes a chapter that examines the short- and medium-term implications for economic growth and financial stability of the past decades’ rise in household debt. It documents large differences in household debt-to-GDP ratios across countries but a common increasing trajectory that was moderated but not reversed by the global financial crisis. Another chapter develops a new macroeconomic measure of financial stability by linking financial conditions to the probability distribution of future GDP growth and applies it to a set of 20 major advanced and emerging market economies. The chapter shows that changes in financial conditions shift the whole distribution of future GDP growth.

Series:

Global Financial Stability Report

Subject:

Frequency:

Biannually

English

Publication Date:

October 11, 2017

ISBN/ISSN:

9781484308394/1729-701X

Stock No:

GFSREA2017002

Format:

Paper

Pages:

136

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