## IMF Global Financial Stability Report (GFSR) -- Durable Financial Stability: Getting There from Here; April 2011 -- Contents _Global Financial Stability Report, April 13, 2011_ ## Source details **Canonical URL:** [IMF Global Financial Stability Report (GFSR) -- Durable Financial Stability: Getting There from Here; April 2011 -- Contents](https://www.imf.org/en/publications/gfsr/issues/2016/12/31/durable-financial-stability-getting-there-from-here) ## Other formats - [Markdown version](/en/publications/gfsr/issues/2016/12/31/durable-financial-stability-getting-there-from-here/index.md) - [Structured JSON version](/en/publications/gfsr/issues/2016/12/31/durable-financial-stability-getting-there-from-here/index.json) - [Bundle manifest](/en/publications/gfsr/issues/2016/12/31/durable-financial-stability-getting-there-from-here/bundle-manifest.json) ## Bibliographic details - Published: April 13, 2011 - Series: Global Financial Stability Report --- ### Overview and Key Messages - Publication date: April 2011. - Core assessment: Despite ongoing economic recovery and improvements in global financial stability, structural weaknesses and vulnerabilities remain in some important financial systems. - Focus areas highlighted in the report: - How risks have changed over the past six months. - Sources and channels of financial distress with an emphasis on sovereign risk. - Pressures arising from capital inflows in emerging economies. - Policy proposals under consideration to mend the global financial system. ### Major Report Components (Chapters and Themes) - Executive Summary; Preface; Glossary; Summing Up of the Acting Chair. - Chapter I. Key Risks and Challenges for Sustaining Financial Stability - Sections: - A. What Are the Key Stability Risks and Challenges? - B. Living Dangerously—The Legacy of High Debt Burdens in Advanced Economies - C. Banking System—Not Enough Has Been Done - D. Sovereign Funding Challenges - E. Alleviating Pressures on Households and Firms - F. Macro and Stability Implications of Capital Inflows into Emerging Markets - G. Durable Financial Stability: Getting There from Here - Annexes in Chapter I: - Annex 1.1. What Factors Are Driving U.S. Bond Yields Higher? - Annex 1.2. Compilation of Investor Base Data for General Government Debt - Annex 1.3. Dubai: From Debt Overhang to Restructuring, but Risks Remain - Annex 1.4. Projecting Government Funding Costs through 2015 - Annex 1.5. Strategic Defaults and Housing Prices in the United States - Annex 1.6. Recent Measures to Manage Capital Flows in Selected Economies - Annex 1.7. Exchange-Traded Funds: Mechanics and Risks - Chapter II. How to Address the Systemic Part of Liquidity Risk - Summary and subsections: - What Is Systemic Liquidity Risk? - Will Liquidity Rules Under Basel III Lower Systemic Risk? - Measures of Systemic Liquidity Risk and Potential Macroprudential Tools to Mitigate It - Summary and Policy Considerations - Annexes in Chapter II: - Annex 2.1. Methods Used to Compute a Systemic Liquidity Risk Index - Annex 2.2. Technical Description of the Systemic Risk-Adjusted Liquidity Model - Annex 2.3. Highlights of the Stress-Testing Framework - Chapter III. Housing Finance and Financial Stability—Back to Basics? - Themes: - Housing Booms and Busts—Theory and Stylized Facts - Global Housing Finance Landscape - Housing Finance and Financial Stability - Conclusions and Policy Implications—Back to Basics - Annexes in Chapter III: - Annex 3.1. The Impact of Housing Finance Modes on House Prices and Loan-Loss Growth during the Recent Crisis - Annex 3.2. Evidence on House Prices, Credit, and Housing Finance Characteristics in Advanced Economies - Statistical Appendix referenced (1900 KB pdf file). ### Key Boxes Highlighted - 1.1 The Middle East: Geopolitical Risk to the Financial Stability Outlook - 1.2 Implications of Japan’s Earthquake for Financial Stability - 1.3 Examining the Ability of U.S. Banks to Absorb Mortgage Principal Reductions - 1.4 Are Debt Vulnerabilities Building in the Emerging Market Corporate Sector? - 1.5 Emerging Market Banks: Fueling Growth or Frenzy? - 1.6 Euro Area Crisis Management and Prevention - 1.7 Regulatory Reforms: Are We There Yet? ### Data, Tables, and Statistical Coverage - Selected data items and analytical tables include (not exhaustive): - Sovereign Market and Vulnerability Indicators - Low-Growth Shock: Impact Analysis and Ranking - Main Features of the Proposed Methodologies - Indicators for (Systemic) Liquidity Risk Monitoring - Joint Expected Losses from Systemic Liquidity Risk - Capital Charge for Individual Liquidity Risk and Individual Contribution to Systemic Liquidity Risk - Summary Statistics of Individual Contributions to Systemic Liquidity Risk and Associated Fair Value Insurance Premium - Selected Liquidity Stress Testing Frameworks - Withdrawal Rate Assumptions - Probability of Banks Ending the Simulation with a Liquidity Shortage - Capital Surcharges - Selected Regulatory Proposals for Managing Systemic Liquidity Risk - Crisis Measures - Housing Finance Features in Advanced Economies, 2008 - Housing Finance Systems in Emerging and Newly Industrialized Economies, 2008 - Mortgage Market Characteristics in Emerging and Newly Industrialized Economies, 2008 - Index of Government Participation in Housing Finance Markets, 2008 - Joint Determinants of Growth in Real House Prices, Mortgage Credit, and Loan Losses - Many additional tables enumerating relationships among house prices, credit, bank metrics, and macroeconomic controls (including specific tables labeled 3.8 through 3.12, and more). ### Figures, Charts, and Specific Numerical Items Mentioned - Global Financial Stability Map and related assessments (risk and conditions). - Selected figure highlights and specific references: - Bank Rollover Requirement, 2011–12 - Government Funding Costs in 2015 - Funding Cost Thresholds, Debt, and Revenue - Leverage Ratios: Household Debt as a Percent of GDP - Shadow Inventory of Houses Potentially for Sale - Federal Reserve Assets and Flows into U.S. Risky Assets - Net Capital Inflows to Emerging Markets - Exchange-Traded Fund Assets ($1.2 Trillion), by Type of Exposure - Flash Crash: Intraday Prices, May 6, 2010 - Net Stable Funding Ratio by Region; by Business Model; by Bank, 2009 - Systemic Liquidity Risk Index and related sensitivity and loss illustrations - House Price Indices and Residential Mortgage-Debt-to-GDP Ratio: Advanced Economies and Emerging Europe - Nonperforming Residential Mortgage Loans; Home Foreclosures in the United Kingdom and the United States ### Statistical Appendix and Miscellaneous Notes - Statistical appendix contains multiple tables and indicators (including selected credit default swap spreads, spreads, implied volatility indices, forward P/E ratios, corporate bond and commercial paper markets). - Note on IMF Statistics Department: effective this issue, the IMF’s Statistics Department has assumed responsibility for compiling the Financial Soundness Indicators tables and they are no longer part of this appendix; these tables will continue to be linked to the GFSR Statistical Appendix on the IMF’s public website. - Symbols and conventions used throughout the appendix: - ". . . " to indicate that data are not available; - "——" to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist; - "-" between years and months (for example, 2008–09 or January–June) to indicate the years or months covered, including the beginning and ending years or months; - "/" between years (for example, 2008/09) to indicate a fiscal or financial year. - Definitions: - "Billion" means a thousand million; "trillion" means a thousand billion. - "Basis points" refer to hundredths of 1 percentage point (for example, 25 basis points are equivalent to ¼ of 1 percentage point). - "n.a." means not applicable. - Minor discrepancies between constituent figures and totals are due to rounding. *IMF Global Financial Stability Report (GFSR) — Durable Financial Stability: Getting There from Here; April 2011 — Contents* --- ## Content in this bundle - **Figure 1.1. Global Financial Stability Map** - [Figure 1.1. Global Financial Stability Map (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_1.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.1. Global Financial Stability Map (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_1.csv){rel="external" type="application/octet-stream"} - **Figure 1.10 Increase in Bank Deposit Rates** - [Figure 1.10 Increase in Bank Deposit Rates (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_10.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.10 Increase in Bank Deposit Rates (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_10.csv){rel="external" type="application/octet-stream"} - **Figure 1.11. Average Chagne in Bank Net Interest Income, 2010** - [Figure 1.11. Average Chagne in Bank Net Interest Income, 2010 (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_11.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.11. Average Chagne in Bank Net Interest Income, 2010 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_11.csv){rel="external" type="application/octet-stream"} - **Figure 1.15. Euro Area Treasury Bond Spreads over German Bunds and Volatiity** - [Figure 1.15. Euro Area Treasury Bond Spreads over German Bunds and Volatiity (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_15.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.15. Euro Area Treasury Bond Spreads over German Bunds and Volatiity (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_15.csv){rel="external" type="application/octet-stream"} - **figure1_16** - [figure1_16 (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_16.csv.md){rel="alternate" type="text/markdown"} - [figure1_16 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_16.csv){rel="external" type="application/octet-stream"} - **dataset overview** - [dataset overview (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_17.csv.md){rel="alternate" type="text/markdown"} - [dataset overview (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_17.csv){rel="external" type="application/octet-stream"} - **Figure 1.18. Average versus Marginal Government Funding Costs** - [Figure 1.18. Average versus Marginal Government Funding Costs (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_18.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.18. Average versus Marginal Government Funding Costs (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_18.csv){rel="external" type="application/octet-stream"} - **Figure 1.19. Sovereign Funding Needs** - [Figure 1.19. Sovereign Funding Needs (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_19.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.19. Sovereign Funding Needs (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_19.csv){rel="external" type="application/octet-stream"} - **figure1_2** - [figure1_2 (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_2.csv.md){rel="alternate" type="text/markdown"} - [figure1_2 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_2.csv){rel="external" type="application/octet-stream"} - **Figure 1.20. Government Funding Costs in 2015** - [Figure 1.20. Government Funding Costs in 2015 (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_20.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.20. Government Funding Costs in 2015 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_20.csv){rel="external" type="application/octet-stream"} - **Figure 1.22. Leverage Ratios: Household Debt as a Percent of GDP** - [Figure 1.22. Leverage Ratios: Household Debt as a Percent of GDP (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_22.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.22. Leverage Ratios: Household Debt as a Percent of GDP (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_22.csv){rel="external" type="application/octet-stream"} - **Figure 1.23. Various Measures of U.S. Household Leverage** - [Figure 1.23. Various Measures of U.S. Household Leverage (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_23.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.23. Various Measures of U.S. Household Leverage (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_23.csv){rel="external" type="application/octet-stream"} - **Figure 1.24. Shadow Inventory of Houses for Sale** - [Figure 1.24. Shadow Inventory of Houses for Sale (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_24.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.24. Shadow Inventory of Houses for Sale (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_24.csv){rel="external" type="application/octet-stream"} - **Figure 1.25. Household Balance Sheets** - [Figure 1.25. Household Balance Sheets (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_25.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.25. Household Balance Sheets (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_25.csv){rel="external" type="application/octet-stream"} - **Figure 1.26. Federal Reserve Assets and Flows into U.S. Risk Assets** - [Figure 1.26. Federal Reserve Assets and Flows into U.S. Risk Assets (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_26.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.26. Federal Reserve Assets and Flows into U.S. Risk Assets (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_26.csv){rel="external" type="application/octet-stream"} - **Figure 1.27. Nonfinancial Corporate Credit Default Swap Spreads** - [Figure 1.27. Nonfinancial Corporate Credit Default Swap Spreads (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_27.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.27. Nonfinancial Corporate Credit Default Swap Spreads (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_27.csv){rel="external" type="application/octet-stream"} - **Figure 1.28. Nonfinancial Corporate Debt-to-Equity Ratiods** - [Figure 1.28. Nonfinancial Corporate Debt-to-Equity Ratiods (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_28.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.28. Nonfinancial Corporate Debt-to-Equity Ratiods (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_28.csv){rel="external" type="application/octet-stream"} - **Figure 1.29. Lending Conditions for Small and Medium-Sized Enterprises** - [Figure 1.29. Lending Conditions for Small and Medium-Sized Enterprises (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_29.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.29. Lending Conditions for Small and Medium-Sized Enterprises (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_29.csv){rel="external" type="application/octet-stream"} - **Figure 1.30. Debt Maturity Profile for the Commercial Real Estate Sector** - [Figure 1.30. Debt Maturity Profile for the Commercial Real Estate Sector (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_30.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.30. Debt Maturity Profile for the Commercial Real Estate Sector (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_30.csv){rel="external" type="application/octet-stream"} - **Figure 1.31. Net Capital Inflows to Emerging Markets** - [Figure 1.31. Net Capital Inflows to Emerging Markets (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_31.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.31. Net Capital Inflows to Emerging Markets (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_31.csv){rel="external" type="application/octet-stream"} - **Figure 1.32. U.S. Investment Flows in Foreign Securities** - [Figure 1.32. U.S. Investment Flows in Foreign Securities (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_32.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.32. U.S. Investment Flows in Foreign Securities (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_32.csv){rel="external" type="application/octet-stream"} - **Figure 1.34. Average Monthly Retail Flows to Emerging Market Debt and Equity Mutual Funds** - [Figure 1.34. Average Monthly Retail Flows to Emerging Market Debt and Equity Mutual Funds (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_34.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.34. Average Monthly Retail Flows to Emerging Market Debt and Equity Mutual Funds (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_34.csv){rel="external" type="application/octet-stream"} - **Figure 1.35. Capital Inflows, Real Credit, and Reql Equity Prices** - [Figure 1.35. Capital Inflows, Real Credit, and Reql Equity Prices (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_35.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.35. Capital Inflows, Real Credit, and Reql Equity Prices (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_35.csv){rel="external" type="application/octet-stream"} - **Figure 1.37. Emerging Market External Corporate Issuance by Rating** - [Figure 1.37. Emerging Market External Corporate Issuance by Rating (Markdown version)](/external/pubs/ft/GFSR/2011/01/c1/figure1_37.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.37. Emerging Market External Corporate Issuance by Rating (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_37.csv){rel="external" type="application/octet-stream"} - **Figure1 39** - [Figure1 39 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_39.csv){rel="external" type="application/octet-stream"} - **Figure1 4** - [Figure1 4 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_4.csv){rel="external" type="application/octet-stream"} - **Figure1 43** - [Figure1 43 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_43.csv){rel="external" type="application/octet-stream"} - **Figure1 44** - [Figure1 44 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_44.csv){rel="external" type="application/octet-stream"} - **Figure1 45** - [Figure1 45 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_45.csv){rel="external" type="application/octet-stream"} - **Figure1 46** - [Figure1 46 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_46.csv){rel="external" type="application/octet-stream"} - **Figure1 47** - [Figure1 47 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_47.csv){rel="external" type="application/octet-stream"} - **Figure1 48** - [Figure1 48 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_48.csv){rel="external" type="application/octet-stream"} - **Figure1 50** - [Figure1 50 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_50.csv){rel="external" type="application/octet-stream"} - **Figure1 51** - [Figure1 51 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_51.csv){rel="external" type="application/octet-stream"} - **Figure1 52** - [Figure1 52 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_52.csv){rel="external" type="application/octet-stream"} - **Figure1 54** - [Figure1 54 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_54.csv){rel="external" type="application/octet-stream"} - **Figure1 55** - [Figure1 55 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_55.csv){rel="external" type="application/octet-stream"} - **Figure1 56** - [Figure1 56 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_56.csv){rel="external" type="application/octet-stream"} - **Figure1 58** - [Figure1 58 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_58.csv){rel="external" type="application/octet-stream"} - **Figure1 59** - [Figure1 59 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_59.csv){rel="external" type="application/octet-stream"} - **Figure1 6** - [Figure1 6 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_6.csv){rel="external" type="application/octet-stream"} - **Figure1 60** - [Figure1 60 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_60.csv){rel="external" type="application/octet-stream"} - **Figure1 61** - [Figure1 61 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_61.csv){rel="external" type="text/html; charset=utf-8"} - **Figure1 62** - [Figure1 62 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_62.csv){rel="external" type="text/html; charset=utf-8"} - **Figure1 8** - [Figure1 8 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/figure1_8.csv){rel="external" type="application/octet-stream"} - **Table1 1** - [Table1 1 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/table1_1.csv){rel="external" type="application/octet-stream"} - **Table1 3** - [Table1 3 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/table1_3.csv){rel="external" type="application/octet-stream"} - **Table1 4** - [Table1 4 (CSV)](/external/pubs/ft/GFSR/2011/01/c1/table1_4.csv){rel="external" type="application/octet-stream"} - **Boxfigure2 1** - [Boxfigure2 1 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/boxfigure2_1.csv){rel="external" type="application/octet-stream"} - **Figure2 1** - [Figure2 1 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_1.csv){rel="external" type="application/octet-stream"} - **Figure2 10** - [Figure2 10 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_10.csv){rel="external" type="application/octet-stream"} - **Figure 2.11. Principal Component Analysis: Total Variation Explained by Each Factor** - [Figure 2.11. Principal Component Analysis: Total Variation Explained by Each Factor (Markdown version)](/external/pubs/ft/GFSR/2011/01/c2/figure2_11.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.11. Principal Component Analysis: Total Variation Explained by Each Factor (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_11.csv){rel="external" type="application/octet-stream"} - **Figure 2.2. Net Stable Funding Ratio Estimates by Business Model** - [Figure 2.2. Net Stable Funding Ratio Estimates by Business Model (Markdown version)](/external/pubs/ft/GFSR/2011/01/c2/figure2_2.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.2. Net Stable Funding Ratio Estimates by Business Model (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_2.csv){rel="external" type="application/octet-stream"} - **Figure2 3** - [Figure2 3 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_3.csv){rel="external" type="application/octet-stream"} - **Figure2 4** - [Figure2 4 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_4.csv){rel="external" type="application/octet-stream"} - **Figure2 5** - [Figure2 5 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_5.csv){rel="external" type="application/octet-stream"} - **Figure2 6** - [Figure2 6 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_6.csv){rel="external" type="application/octet-stream"} - **Figure2 7** - [Figure2 7 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_7.csv){rel="external" type="application/octet-stream"} - **Figure2 8** - [Figure2 8 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_8.csv){rel="external" type="application/octet-stream"} - **Figure2 9** - [Figure2 9 (CSV)](/external/pubs/ft/GFSR/2011/01/c2/figure2_9.csv){rel="external" type="application/octet-stream"} - **Boxfigure3 4** - [Boxfigure3 4 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/boxfigure3_4.csv){rel="external" type="application/octet-stream"} - **Figure3 1** - [Figure3 1 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_1.csv){rel="external" type="application/octet-stream"} - **Figure3 2** - [Figure3 2 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_2.csv){rel="external" type="application/octet-stream"} - **Figure3 3** - [Figure3 3 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_3.csv){rel="external" type="application/octet-stream"} - **Figure3 4** - [Figure3 4 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_4.csv){rel="external" type="application/octet-stream"} - **Figure3 5** - [Figure3 5 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_5.csv){rel="external" type="application/octet-stream"} - **Figure3 6** - [Figure3 6 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_6.csv){rel="external" type="application/octet-stream"} - **Figure3 7** - [Figure3 7 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_7.csv){rel="external" type="application/octet-stream"} - **Figure3 8** - [Figure3 8 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_8.csv){rel="external" type="application/octet-stream"} - **Figure3 9** - [Figure3 9 (CSV)](/external/pubs/ft/GFSR/2011/01/c3/figure3_9.csv){rel="external" type="application/octet-stream"} - **Sa Figure1** - [Sa Figure1 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_figure1.csv){rel="external" type="application/octet-stream"} - **Sa Figure4** - [Sa Figure4 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_figure4.csv){rel="external" type="application/octet-stream"} - **Sa Figure5** - [Sa Figure5 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_figure5.csv){rel="external" type="application/octet-stream"} - **Sa Figure6** - [Sa Figure6 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_figure6.csv){rel="external" type="application/octet-stream"} - **Sa Figure7** - [Sa Figure7 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_figure7.csv){rel="external" type="application/octet-stream"} - **Sa Figure8** - [Sa Figure8 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_figure8.csv){rel="external" type="application/octet-stream"} - **Sa Figure9** - [Sa Figure9 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_figure9.csv){rel="external" type="application/octet-stream"} - **Sa Table1** - [Sa Table1 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table1.csv){rel="external" type="application/octet-stream"} - **Sa Table10** - [Sa Table10 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table10.csv){rel="external" type="application/octet-stream"} - **Sa Table2** - [Sa Table2 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table2.csv){rel="external" type="application/octet-stream"} - **Sa Table3** - [Sa Table3 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table3.csv){rel="external" type="application/octet-stream"} - **Sa Table4** - [Sa Table4 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table4.csv){rel="external" type="application/octet-stream"} - **Sa Table5** - [Sa Table5 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table5.csv){rel="external" type="application/octet-stream"} - **Sa Table6** - [Sa Table6 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table6.csv){rel="external" type="application/octet-stream"} - **Sa Table7** - [Sa Table7 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table7.csv){rel="external" type="application/octet-stream"} - **Sa Table8** - [Sa Table8 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table8.csv){rel="external" type="application/octet-stream"} - **Sa Table9** - [Sa Table9 (CSV)](/external/pubs/ft/GFSR/2011/01/sa/sa_table9.csv){rel="external" type="application/octet-stream"} - **موجز للصحافة للفصلين الثاني والثالث للتقرير الاستقرار المالي العالمي** - [موجز للصحافة للفصلين الثاني والثالث للتقرير الاستقرار المالي العالمي (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2011/01/pdf/_pressapdf.pdf){rel="external" type="application/pdf"} - **ملخص واف عن التقرير الاستقرار المالي العالمي** - [ملخص واف عن التقرير الاستقرار المالي العالمي (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2011/01/pdf/suma.pdf){rel="external" type="application/pdf"} - **2011 年4 月期《全球金融稳定报告》第二, 三章 -- 新闻发布要点** - [2011 年4 月期《全球金融稳定报告》第二, 三章 -- 新闻发布要点 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2011/01/pdf/_presscpdf.pdf){rel="external" type="application/pdf"} - **2011 年4 月期《全球金融稳定报告》概要** - [2011 年4 月期《全球金融稳定报告》概要 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2011/01/pdf/sumc.pdf){rel="external" type="application/pdf"} - **Pressfpdf** - [Pressfpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2011/01/pdf/_pressfpdf.pdf){rel="external" type="application/pdf"} - **Rapport sur la stabilité financière dans le monde** - [Rapport sur la stabilité financière dans le monde (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2011/01/pdf/sumf.pdf.md){rel="alternate" type="text/markdown"} - [Rapport sur la stabilité financière dans le monde (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2011/01/pdf/sumf.pdf){rel="external" type="application/pdf"} - **国際金融安定性報告書** - [国際金融安定性報告書 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2011/01/pdf/_pressjpdf.pdf){rel="external" type="application/pdf"} - **国際金融安定性報告書** - [国際金融安定性報告書 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2011/01/pdf/sumj.pdf.md){rel="alternate" type="text/markdown"} - [国際金融安定性報告書 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2011/01/pdf/sumj.pdf){rel="external" type="application/pdf"} - **Chap1pdf** - [Chap1pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_chap1pdf.pdf){rel="external" type="application/pdf"} - **CHAPTER 2 hoW to aDDreSS the SySteMIc Part oF lIQuIDIty rISK** - [CHAPTER 2 hoW to aDDreSS the SySteMIc Part oF lIQuIDIty rISK (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_chap2pdf.pdf.md){rel="alternate" type="text/markdown"} - [CHAPTER 2 hoW to aDDreSS the SySteMIc Part oF lIQuIDIty rISK (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_chap2pdf.pdf){rel="external" type="application/pdf"} - **CHAPTER 3 houSInG FInance anD FInancIal StabIlIty—bacK to baSIcS?** - [CHAPTER 3 houSInG FInance anD FInancIal StabIlIty—bacK to baSIcS? (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_chap3pdf.pdf.md){rel="alternate" type="text/markdown"} - [CHAPTER 3 houSInG FInance anD FInancIal StabIlIty—bacK to baSIcS? (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_chap3pdf.pdf){rel="external" type="application/pdf"} - **Contentspdf** - [Contentspdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_contentspdf.pdf){rel="external" type="application/pdf"} - **glossarypdf** - [glossarypdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_glossarypdf.pdf.md){rel="alternate" type="text/markdown"} - [glossarypdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_glossarypdf.pdf){rel="external" type="application/pdf"} - **Preface** - [Preface (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_prefacepdf.pdf.md){rel="alternate" type="text/markdown"} - [Preface (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_prefacepdf.pdf){rel="external" type="application/pdf"} - **Press Points for Chapter 1: Durable Financial Stability: Getting There From Here** - [Press Points for Chapter 1: Durable Financial Stability: Getting There From Here (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_press1pdf.pdf.md){rel="alternate" type="text/markdown"} - [Press Points for Chapter 1: Durable Financial Stability: Getting There From Here (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_press1pdf.pdf){rel="external" type="application/pdf"} - **Press Points for Chapter Two:** - [Press Points for Chapter Two: (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_press2pdf.pdf.md){rel="alternate" type="text/markdown"} - [Press Points for Chapter Two: (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_press2pdf.pdf){rel="external" type="application/pdf"} - **Press Points for Chapter Three: Housing Finance and Financial Stability—Back to Basics?** - [Press Points for Chapter Three: Housing Finance and Financial Stability—Back to Basics? (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_press3pdf.pdf.md){rel="alternate" type="text/markdown"} - [Press Points for Chapter Three: Housing Finance and Financial Stability—Back to Basics? (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_press3pdf.pdf){rel="external" type="application/pdf"} - **presspdf** - [presspdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_presspdf.pdf.md){rel="alternate" type="text/markdown"} - [presspdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_presspdf.pdf){rel="external" type="application/pdf"} - **1. Major Net Exporters and Importers of Capital in 2010** - [1. Major Net Exporters and Importers of Capital in 2010 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_statappxpdf.pdf.md){rel="alternate" type="text/markdown"} - [1. Major Net Exporters and Importers of Capital in 2010 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_statappxpdf.pdf){rel="external" type="application/pdf"} - **EXECUTiVE SUMMARy** - [EXECUTiVE SUMMARy (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_summarypdf.pdf.md){rel="alternate" type="text/markdown"} - [EXECUTiVE SUMMARy (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_summarypdf.pdf){rel="external" type="application/pdf"} - **ANNEX SUMMiNG UP By THE ACTiNG CHAiR** - [ANNEX SUMMiNG UP By THE ACTiNG CHAiR (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_summingpdf.pdf.md){rel="alternate" type="text/markdown"} - [ANNEX SUMMiNG UP By THE ACTiNG CHAiR (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_summingpdf.pdf){rel="external" type="application/pdf"} - **Global Financial Stability Report — April 2011 (selected chapters and boxes)** - [Global Financial Stability Report — April 2011 (selected chapters and boxes) (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_textpdf.pdf.md){rel="alternate" type="text/markdown"} - [Global Financial Stability Report — April 2011 (selected chapters and boxes) (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2011/01/pdf/_textpdf.pdf){rel="external" type="application/pdf"} - **Тезисы для прессы (главы 2 и 3) — Доклад по вопросам глобальной финансовой стабильности (ДГФС), апрель 2011 года** - [Тезисы для прессы (главы 2 и 3) — Доклад по вопросам глобальной финансовой стабильности (ДГФС), апрель 2011 года (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/gfsr/2011/01/pdf/_pressrpdf.pdf.md){rel="alternate" type="text/markdown"} - [Тезисы для прессы (главы 2 и 3) — Доклад по вопросам глобальной финансовой стабильности (ДГФС), апрель 2011 года (PDF)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/gfsr/2011/01/pdf/_pressrpdf.pdf){rel="external" type="application/pdf"} - **Доклад по вопросам глобальной финансовой стабильности (ДГФС), апрель 2011 года — Аналитическое резюме** - [Доклад по вопросам глобальной финансовой стабильности (ДГФС), апрель 2011 года — Аналитическое резюме (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/gfsr/2011/01/pdf/sumr.pdf.md){rel="alternate" type="text/markdown"} - [Доклад по вопросам глобальной финансовой стабильности (ДГФС), апрель 2011 года — Аналитическое резюме (PDF)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/gfsr/2011/01/pdf/sumr.pdf){rel="external" type="application/pdf"} - **Nota de prensa del capítulo 2: Cómo enfocar el componente sistémico del riesgo de liquidez** - [Nota de prensa del capítulo 2: Cómo enfocar el componente sistémico del riesgo de liquidez (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2011/01/pdf/_pressspdf.pdf.md){rel="alternate" type="text/markdown"} - [Nota de prensa del capítulo 2: Cómo enfocar el componente sistémico del riesgo de liquidez (PDF)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2011/01/pdf/_pressspdf.pdf){rel="external" type="application/pdf"} - **Informe sobre la estabilidad financiera mundial (GFSR), abril de 2011 — Resumen ejecutivo** - [Informe sobre la estabilidad financiera mundial (GFSR), abril de 2011 — Resumen ejecutivo (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2011/01/pdf/sums.pdf.md){rel="alternate" type="text/markdown"} - [Informe sobre la estabilidad financiera mundial (GFSR), abril de 2011 — Resumen ejecutivo (PDF)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2011/01/pdf/sums.pdf){rel="external" type="application/pdf"} --- ## References - [Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index) - [Modify your profile](https://www.imf.org/en/email-subscription/login) - [https://www.imf.org/en/home](https://www.imf.org/en/home) - [Ordering Information](https://www.imf.org/external/pubs/cat/longres.cfm?sk=24324.0) - [Disclaimer](https://www.imf.org/external/terms.htm) - [Video](http://www.imf.org/external/mmedia/view.aspx?vid=901681992001) - [Video](http://www.imf.org/external/mmedia/view.aspx?vid=888841929001) - [Video](http://www.imf.org/external/mmedia/view.aspx?vid=888841927001) - [Financial Soundness Indicators](http://fsi.imf.org/) _Source: https://www.imf.org/en/publications/gfsr/issues/2016/12/31/durable-financial-stability-getting-there-from-here_