{
  "title": "Global Financial Stability Report, March 2002: Market Developments and Issues",
  "publication": "Global Financial Stability Report, March 13, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/gfsr/issues/2016/12/30/global-financial-stability-report-march-2002-market-developments-and-issues-15643",
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  "summary": "This March 2002 issue of the Global Financial Stability Report highlights that financial markets ended the year 2001 on a positive note. Equity markets recovered and rallied noticeably from their lows of late September.",
  "sections": [
    {
      "heading": "Executive summary and market outlook",
      "content": "- Financial markets ended the year 2001 on a positive note.\n- Financial markets anticipate, and have priced in, a recovery in economic activity and corporate earnings during 2002.\n- Publication date: March 13, 2002."
    },
    {
      "heading": "Equity markets",
      "content": "- Equity markets recovered and rallied noticeably from their lows of late September."
    },
    {
      "heading": "Bond markets and interest rates",
      "content": "- In bond markets, yield spreads of corporate and high-yielding bonds, particularly emerging market bonds, narrowed against the U.S. Treasury.\n- The U.S. Treasury yield curve steepened.\n- The U.S. dollar has strengthened."
    },
    {
      "heading": "Thematic coverage and subjects",
      "content": "- Credit; Credit risk; Early warning systems; Emerging and frontier financial markets; Financial crises; Financial markets; Financial regulation and supervision; Money; Stock markets.\n- Geographic and topical keywords: Asia and Pacific; Europe; Global; emerging market; emerging market bond; emerging market sovereign; financial market development; investor; market; market discipline; market expectation; market participant; Stock markets; GFSR.\n\n---\n\n\n References\n\n- https://www.imf.org/en/publications/gfsr\n- United States and the IMF\n- Explore\n- Subscribe\n- Download PDF\n- More Formats on IMF eLibrary\n- Order a Print Copy\n- Credit\n- Credit risk\n- Early warning systems\n- Emerging and frontier financial markets\n- Financial crises\n- Financial markets\n- Financial regulation and supervision\n- Money\n- Stock markets\n- The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition\nOctober 16, 2025\n- Nepal: Sixth Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Nepal\nOctober 06, 2025\n- Credit where Credit is Due: Fiscal Consolidations, Sovereign Risk and Bank Credit\nOctober 03, 2025\n- Vietnam: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam\nOctober 03, 2025\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/gfsr/issues/2016/12/30/global-financial-stability-report-march-2002-market-developments-and-issues-15643"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/gfsr/issues/2016/12/30/global-financial-stability-report-march-2002-market-developments-and-issues-15643/index.md)",
    "[Structured JSON version](/en/publications/gfsr/issues/2016/12/30/global-financial-stability-report-march-2002-market-developments-and-issues-15643/index.json)",
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    "Published: March 13, 2002",
    "Series: Global Financial Stability Report",
    "DOI: https://doi.org/10.5089/9781589061057.082",
    "Financial markets ended the year 2001 on a positive note.",
    "Financial markets anticipate, and have priced in, a recovery in economic activity and corporate earnings during 2002.",
    "Publication date: March 13, 2002.",
    "Equity markets recovered and rallied noticeably from their lows of late September.",
    "In bond markets, yield spreads of corporate and high-yielding bonds, particularly emerging market bonds, narrowed against the U.S. Treasury.",
    "The U.S. Treasury yield curve steepened.",
    "The U.S. dollar has strengthened.",
    "Credit; Credit risk; Early warning systems; Emerging and frontier financial markets; Financial crises; Financial markets; Financial regulation and supervision; Money; Stock markets.",
    "Geographic and topical keywords: Asia and Pacific; Europe; Global; emerging market; emerging market bond; emerging market sovereign; financial market development; investor; market; market discipline; market expectation; market participant; Stock markets; GFSR.",
    "[https://www.imf.org/en/publications/gfsr](https://www.imf.org/en/publications/gfsr)",
    "[United States and the IMF](http://www.imf.org/external/country/USA/index.htm)",
    "[Explore](https://www.elibrary.imf.org/)",
    "[Subscribe](https://www.imf.org/en/Publications/Newsletter/registration)",
    "[Download PDF](http://www.imf.org/external/pubs/ft/gfsr/2002/01/index.htm)",
    "[More Formats on IMF eLibrary](https://elibrary.imf.org/display/book/9781589061057/9781589061057.xml?cid=lk-com-dsp-imf.org)",
    "[Order a Print Copy](https://www.bookstore.imf.org/cart?isbn=9781589061057)",
    "[Credit](https://www.imf.org/en/publications/publications-by-subject?subject=Credit)",
    "[Credit risk](https://www.imf.org/en/publications/publications-by-subject?subject=Credit+risk)",
    "[Early warning systems](https://www.imf.org/en/publications/publications-by-subject?subject=Early+warning+systems)",
    "[Emerging and frontier financial markets](https://www.imf.org/en/publications/publications-by-subject?subject=Emerging+and+frontier+financial+markets)",
    "[Financial crises](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+crises)",
    "[Financial markets](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+markets)",
    "[Financial regulation and supervision](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+regulation+and+supervision)",
    "[Money](https://www.imf.org/en/publications/publications-by-subject?subject=Money)",
    "[Stock markets](https://www.imf.org/en/publications/publications-by-subject?subject=Stock+markets)",
    "[The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition",
    "[Nepal: Sixth Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Nepal",
    "[Credit where Credit is Due: Fiscal Consolidations, Sovereign Risk and Bank Credit",
    "[Vietnam: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam"
  ],
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