Global Financial Stability Report: Market Developments and Issues, June 2002--Contents
Global Financial Stability Report, June 12, 2002
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Bibliographic details
- Published: June 12, 2002
- Series: Global Financial Stability Report
Overview of the issue
- This is the second issue of the Global Financial Stability Report.
- The issue draws, in part, on a series of informal discussions with commercial investment banks, securities firms, asset management companies, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies in: China, Germany, Hong Kong SAR, Hungary, Italy, Japan, Poland, Singapore, Switzerland, Thailand, the United Kingdom, and the United States.
- The report reflects mostly information available up to May 10, 2002.
- Publication date: June 2002.
Purpose and scope
- The Global Financial Stability Report provides quarterly assessments of global financial markets and addresses emerging market financing in a global context.
- Report components available on the landing page include: Full Report PDF links, Transcript of the Press Conference on the June 2002 Global Financial Stability Report, and navigation to The Global Financial Report Home and Global Financial Stability Reports.
Chapter structure and main thematic coverage
- Preface
- Chapter I. Overview (140KB pdf file)
- Corporate Profitability Impacts on Financial Markets
- Corporate Profitability and the Banking Sector
- Financial Market Activities of Insurance Companies
- Developments in Emerging Markets
- Local Equity Markets
- Chapter II. Recent Developments (269KB pdf file)
- Mature Markets
- Mature Market Vulnerabilities--The Weakness in Japan's Banking Sector
- Emerging Market Developments and Financing
- References
- Chapter III. The Financial Market Activities of Insurance and Reinsurance Companies (140KB pdf file)
- Insurance and Reinsurance Financial Activities
- Financial Efficiency and Stability Questions Raised by Insurers' Financial Activities
- Some Concluding Thoughts
- Chapter IV. Emerging Equity Markets (155k pdf file)
- Emerging Market Equities as an Asset Class for Foreign Investors
- Domestic Equity as an Alternative Source of Funding
- Conclusions
Analytical boxes highlighted
- 2.1 Enron: Lessons Learned and the Response
- 2.2 Mature Equity Market Valuations
- 2.3 Are Forward Short Rates Useful Indicators of Market Expectations?
- 2.4 The Shrinking U.S. Commercial Paper Market
- 2.5 The Balance of Risks for Emerging Equity Markets
Quantitative annexes: tables and selected entries
- Tables include:
- Performance of Mature Equity Market Sectors, 2002: Q1
- Emerging Market Financing Overview
- Index Performance
- Performance of Emerging Bond Markets
- Sovereign Spreads and Ratings
- 2.6 Currency of Issuance
- 2.7 Performance of Emerging Equity Markets
- 3.1 Life Insurance: Premium Growth Rates
- 3.2 Profitability Decomposition of Major Non-Life Markets
- 4.1 Equity and Bond Returns
Figures and data visualizations
- Figures listed include (selection):
- Evolution of Consensus 2002 GDP Growth Forecasts
- Liquidity and Credit Premia Index
- Mature Equity Market Dollar-Denominated Indices
- International Yield Curve Differentials
- Expected Policy Rates: Federal Funds Futures, 2002
- Credit Market Spreads
- European Credit Market Spreads
- 2.8 Japan Credit Curves
- 2.9 Major Currencies Against the U.S. Dollar
- 2.10 Emerging Markets Financing
- 2.11 Emerging Market Spreads
- 2.12 Bond Issues
- 2.13 Average Correlations of the Returns on Emerging Equity Markets Indices
- 2.14 Net Inflows into U.S. Equity Mutual Funds
- 2.15 Emerging Market Earnings Forecasts
- 2.16 Equity Placements
- 2.17 Syndicated Loan Commitments
- 2.18 Loan-Weighted Interest Margin
- 2.19 Latin American Currencies Against the U.S. Dollar
- 2.20 Asian Currencies: Cross Rates Against the Yen
- 2.21 Asian Currencies: Non-Deliverable Forward Implied Yields
- Total Financial Assets of Institutional Investors and Banks: United States and Japan
- Financial Assets of Institutional Investors and Banks: Selected Euro Area Countries and United Kingdom
- 3.3 Holdings of Financial Securities by Insurance Companies and Banks
- 3.4 Holdings of Securities Relative to Domestic Market Size
- 3.5 United States: Corporate and Foreign Bonds
- 3.6 Balance Sheet Assets of Insurance Companies: United States and Japan
- 3.7 Balance Sheet Assets of Insurance Companies: Selected Euro Area Countries and United Kingdom
- 3.8 Global Insurance Industry Results
- 3.9 Non-Life Insurance: Combined Ratios in the Industrial Countries
- Equity and Bond Performances
- 4.2 Risk-Return Trade-Off for Emerging Market and U.S. Stock Portfolios
- 4.3 Valuation Indicators in Emerging Equity Markets
- 4.4 Correlations Between Returns in Emerging and U.S. Equity Markets
- 4.5 Stock Market Capitalization and Bank Credit
- 4.6 Domestic and International Equity Issuance
Access and related services
- Language availability noted: English
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- Ordering Information and Disclaimer are listed on the landing page.
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Global Financial Stability Report: Market Developments and Issues, June 2002—Contents
Content in this bundle
- Global Financial Stability Report, June 2002 -- Chapter 1: Overview
- Global Financial Stability Report, June 2002 -- Chapter 2: Recent Developments
- Chapter Iii
- Global Financial Stability Report June 2002 -- Chapter 4: Emerging Equity Markets