Global Financial Stability Report, March 2003: Market Developments and Issues

Global Financial Stability Report, March 26, 2003

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Global Financial Stability Report, March 2003: Market Developments and Issues

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Bibliographic details

• Published: March 26, 2003
• Series: Global Financial Stability Report
• DOI: https://doi.org/10.5089/9781589062108.082

Key findings and market developments

• Supportive stance of monetary policy in the major economies contributed to a sizable buildup of cash positions.
• More risk-averse behavior by both institutional and retail investors contributed to the buildup of cash positions.
• Partial mobilization of these cash positions in the fourth quarter of 2002:
  • Helped fuel a short-lived stock market rally.
  • Led to a narrowing of credit spreads on mature and emerging bonds.
  • Contributed to an increase in flows to emerging market borrowers.

Subject areas and keywords

• Subject: Derivative markets, Emerging and frontier financial markets, Financial institutions, Financial markets, Securities markets, Stock markets, Stocks
• Keywords: Africa, Asia and Pacific, asset, bond market, Derivative markets, Emerging and frontier financial markets, Europe, GFSR, Global, investor, investor sentiment, market, market confidence, market development, market infrastructure, market participant, Middle East, securities, Securities markets, Stock markets, Stocks

Access and formats

• Available formats: PDF (Download PDF), More Formats on IMF eLibrary
• Additional access options noted on the page: Order a Print Copy, Create Citation, Share

Source: Global Financial Stability Report, March 2003: Market Developments and Issues (International Monetary Fund).

References

• https://www.imf.org/en/publications/gfsr
• United States and the IMF
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• Derivative markets
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