## Global Financial Stability Report, March 2002: Market Developments and Issues

_Global Financial Stability Report, March 13, 2002_

## Source details

**Canonical URL:** [Global Financial Stability Report, March 2002: Market Developments and Issues](https://www.imf.org/en/publications/gfsr/issues/2016/12/30/global-financial-stability-report-march-2002-market-developments-and-issues-15643)

## Other formats

- [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)
- [Bundle manifest](/en/publications/gfsr/issues/2016/12/30/global-financial-stability-report-march-2002-market-developments-and-issues-15643/bundle-manifest.json)

## Bibliographic details
- Published: March 13, 2002
- Series: Global Financial Stability Report
- DOI: https://doi.org/10.5089/9781589061057.082

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### Executive summary and market outlook
- 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
- Equity markets recovered and rallied noticeably from their lows of late September.

### Bond markets and interest rates
- 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.

### Thematic coverage and subjects
- 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.

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## References

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- [Credit](https://www.imf.org/en/publications/publications-by-subject?subject=Credit)
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- [Early warning systems](https://www.imf.org/en/publications/publications-by-subject?subject=Early+warning+systems)
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- [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)
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October 03, 2025](https://www.imf.org/en/publications/wp/issues/2025/10/03/credit-where-credit-is-due-fiscal-consolidations-sovereign-risk-and-bank-credit-570851)
- [Vietnam: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam
October 03, 2025](https://www.imf.org/en/publications/cr/issues/2025/10/03/vietnam-2025-article-iv-consultation-press-release-staff-report-and-statement-by-the-570895)

_Source: https://www.imf.org/en/publications/gfsr/issues/2016/12/30/global-financial-stability-report-march-2002-market-developments-and-issues-15643_