## IMF Global Financial Stability Report -- Financial Stress and Deleveraging: Macro-Financial Implications and Policy -- October 2008 -- Contents

_Global Financial Stability Report, October 7, 2008_

## Source details

**Canonical URL:** [IMF Global Financial Stability Report -- Financial Stress and Deleveraging: Macro-Financial Implications and Policy -- October 2008 -- Contents](https://www.imf.org/en/publications/gfsr/issues/2016/12/31/financial-stress-and-deleveraging-macro-financial-implications-and-policy)

## Other formats

- [Markdown version](/en/publications/gfsr/issues/2016/12/31/financial-stress-and-deleveraging-macro-financial-implications-and-policy/index.md)
- [Structured JSON version](/en/publications/gfsr/issues/2016/12/31/financial-stress-and-deleveraging-macro-financial-implications-and-policy/index.json)
- [Bundle manifest](/en/publications/gfsr/issues/2016/12/31/financial-stress-and-deleveraging-macro-financial-implications-and-policy/bundle-manifest.json)

## Bibliographic details
- Published: October 7, 2008
- Series: Global Financial Stability Report

---

### Publication metadata and access
- Title: Financial Stress and Deleveraging Macro-Financial Implications and Policy
- Series: Global Financial Stability Report
- Date: October 2008
- Full text availability: "View the Full Text of the GFSR (use the free Adobe Acrobat Reader)."
- Ancillary items listed for the report:
  - Preface (208KB pdf file)
  - Executive Summary (241KB pdf file)
  - Glossary (270KB pdf file)
  - Statistical Appendix (1,331KB pdf file)

### Core chapters and major analytical themes
- Chapter I. Assessing Risks to Global Financial Stability
  - Full Text | Boxes | Figures | Tables
  - Major topics:
    - Global Financial Stability Map
    - The Default Cycle
    - Financial System Deleveraging
    - Systemic Implications
    - Emerging Market Resilience Is Being Tested
    - Financial Stability Policies
  - Annexes:
    - Annex 1.1. Global Financial Stability Map: Construction and Methodology
    - Annex 1.2. Financial Investment in Commodities Markets
    - Annex 1.3. Loss Estimates on U.S. Credit Instruments
    - Annex 1.4. Factors Infl uencing the Pace and Level of Bank Capital Rebuilding
  - References

- Chapter II. Stress in Bank Funding Markets and Implications for Monetary Policy
  - Full Text | Boxes | Figures
  - Major topics:
    - The Microstructure of Bank Funding Markets
    - The Causes of Elevated Interbank Spreads
    - Implications for the Interest Rate Transmission Mechanism of Monetary Policy
    - Policy Recommendations
  - Annexes:
    - Annex 2.1. Empirical Framework: The Causes of High Interbank Spreads
    - Annex 2.2. Empirical Framework: Monetary Transmission

- Chapter III. Fair Value Accounting and Procyclicality
  - Full Text | Figures
  - Major topics:
    - Fair Value Accounting Through the Business Cycle
    - Modeling Fair Value Accounting Through the Business Cycle Using Simulations
    - Conclusions and Policy Recommendations
  - Annex:
    - Annex 3.1. Data and Modeling Assumptions

- Chapter IV. Spillovers to Emerging Equity Markets
  - Full Text | Figures
  - Major topics:
    - Performance of Emerging Market Equity Markets
    - Cross-Country Equity Price Correlations
    - Determinants of Emerging Market Equity Prices
    - Spillovers and their Impact
    - The Role of Local Institutional Investors
    - Key Results and Conclusions
  - Annexes:
    - Annex 4.1. Panel Estimation Specification and Results
    - Annex 4.2. Vector Autoregression Model Results

- Annex: Summing Up by the Acting Chair

### Policy recommendations and analytical focus areas (as organized in contents)
- Financial Stability Policies (Chapter I)
- Policy Recommendations on bank funding and monetary transmission (Chapter II)
- Conclusions and Policy Recommendations on fair value accounting and procyclicality (Chapter III)

### Empirical tools, models, and supporting analyses listed
- Global Financial Stability Map (construction and methodology)
- Loss estimates and simulations:
  - Loss Estimates on U.S. Credit Instruments (Annex 1.3)
  - Simulations of fair value applications and business cycle interactions (Chapter III figures)
- Empirical frameworks and model types:
  - Empirical Frameworks for interbank spreads and monetary transmission (Annexes 2.1, 2.2)
  - Panel estimation and Vector Autoregression (Chapter IV annexes)
  - Structural Vector Autoregression, Vector Error Correction Mechanisms, Dynamic VECM (listed in Tables/Figures)
- Specific simulation and decomposition figures (examples from contents):
  - Simulation of Full Fair Value
  - Decomposition of Spread between Three-Month U.S. Dollar LIBOR and Overnight Index Swaps
  - Structured VAR Model: Variance Decomposition of LIBOR/Euribor Minus Overnight Index Swap (OIS) Spread

### Boxes and targeted case studies (selected by title)
- Chapter I boxes include:
  - 1.1 Recent Financial Market Developments
  - 1.2 Measuring Capital Adequacy
  - 1.3 Global Bank Writedowns and Capital Raising
  - 1.4 U.S. Government-Sponsored Enterprises and Housing Reform Developments
  - 1.5 Impact of Credit Market Turmoil on Hedge Funds
  - 1.6 Forecasting Loan Charge-Off Rates
- Chapter II boxes include:
  - 2.1 Pricing and Hedging Role of Interbank Deposit-Related Derivatives
  - 2.2 Is the LIBOR Fix Broken?
  - 2.3 The Federal Reserve's Term Auction Facility
  - 2.4 Breakdown of the Financial Sector for Monetary Transmission Analysis
- Chapter III boxes include:
  - 3.1 Off-Balance Sheet Entities and Procyclicality
  - 3.2 Disclosures Recommended by the Financial Stability Forum
  - 3.3 Dealing with Procyclicality in the Basel II Framework
  - 3.4 Options Surrounding the Application of Fair Value Accounting to Mitigate Procyclicality
- Chapter IV boxes include:
  - 4.1 Is There a Stock Market Wealth Effect in Emerging Markets?
  - 4.2 The Role of Emerging Market Institutional Investors in Emerging Market Equities

### Key tables and figures indexed (selection of labeled items)
- Tables addressing loss and deleveraging estimates:
  - Estimates of Financial Sector Potential Writedowns
  - Estimates of Potential Losses on Loans
  - Sensitivity of Deleveraging to Public Sector Support
  - Deleveraging Illustration: Key Assumptions
- Figures and charts covering systemic indicators and market measures (selected labels as listed):
  - Heat Map: Developments in Systemic Asset Classes
  - Systemic Bank Default Risk
  - Asset Price Volatility and Funding and Market Liquidity
  - U.S. Loan Charge-Off Rates
  - U.S. Households' Balance Sheet: Net Worth
  - Prices of U.S. Mortgage-Related Securities
  - AA Rated Bank Bond Index Spreads Relative to Government Bonds
  - Cross-Currency Swaps with U.S. Dollar
  - Spread Between Three-Month Uncollateralized Interbank Rates and Overnight Index Swaps
  - Joint Probability of Distress: Selected Financial Institutions Participating in Interbank Panels
  - Simulation of Full Fair Value: Changes in Funding Conditions and Financial Market Distress
  - Equity Price Response to Global Excess Liquidity Increase
  - Credit Default Swap Spreads on Selected Emerging Market Banks, January 2007-Early October 2008

### Statistical Appendix structure and contents
- Key Financial Centers: Figures | Tables (multiple country and market indicators)
- Emerging Markets: Figures | Tables (volatility measures, debt cross-correlation measures, external financing by instrument)
- Financial Soundness Indicators: Tables (bank regulatory capital, capital to assets, nonperforming loans, provisions, return on assets, return on equity)
- Detailed lists of statistical tables numbered and titled in the contents (examples: 1–27 and 1.–27. listings for various data series and country/market breakdowns)

*Content compiled from the report "IMF Global Financial Stability Report -- Financial Stress and Deleveraging: Macro-Financial Implications and Policy -- October 2008 — Contents."*

---

## Content in this bundle

- **Box 1.1. Recent Financial Market Developments — Dataset overview**
  - [Box 1.1. Recent Financial Market Developments — Dataset overview (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_1a.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.1. Recent Financial Market Developments — Dataset overview (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_1a.csv){rel="external" type="application/octet-stream"}
- **Box 1.1. Recent Financial Market Developments — U.S. Money Market Fund Assets under Management**
  - [Box 1.1. Recent Financial Market Developments — U.S. Money Market Fund Assets under Management (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_1b.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.1. Recent Financial Market Developments — U.S. Money Market Fund Assets under Management (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_1b.csv){rel="external" type="application/octet-stream"}
- **Box 1.3. Global Bank Writedowns and Capital-Raising**
  - [Box 1.3. Global Bank Writedowns and Capital-Raising (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_3a.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.3. Global Bank Writedowns and Capital-Raising (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_3a.csv){rel="external" type="application/octet-stream"}
- **Box 1.3. Global Bank Writedowns and Capital-Raising**
  - [Box 1.3. Global Bank Writedowns and Capital-Raising (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_3b.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.3. Global Bank Writedowns and Capital-Raising (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_3b.csv){rel="external" type="application/octet-stream"}
- **Box 1.3. Global Bank Writedowns and Capital-Raising**
  - [Box 1.3. Global Bank Writedowns and Capital-Raising (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_3c.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.3. Global Bank Writedowns and Capital-Raising (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_3c.csv){rel="external" type="application/octet-stream"}
- **Box 1.4. U.S. Government-Sponsored Enterprises and Housing Reform Developments**
  - [Box 1.4. U.S. Government-Sponsored Enterprises and Housing Reform Developments (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_4a.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.4. U.S. Government-Sponsored Enterprises and Housing Reform Developments (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_4a.csv){rel="external" type="application/octet-stream"}
- **Box 1.4. U.S. Government-Sponsored Enterperises and Housing Reform Developments**
  - [Box 1.4. U.S. Government-Sponsored Enterperises and Housing Reform Developments (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_4b.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.4. U.S. Government-Sponsored Enterperises and Housing Reform Developments (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_4b.csv){rel="external" type="application/octet-stream"}
- **Box 1.4. U.S. Government-Sponsored Enterprises and Housing Reform Developments**
  - [Box 1.4. U.S. Government-Sponsored Enterprises and Housing Reform Developments (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_4c.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.4. U.S. Government-Sponsored Enterprises and Housing Reform Developments (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_4c.csv){rel="external" type="application/octet-stream"}
- **Box 1.5. Impact of Credit Market Turmoil on Hedge Funds**
  - [Box 1.5. Impact of Credit Market Turmoil on Hedge Funds (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_5a.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.5. Impact of Credit Market Turmoil on Hedge Funds (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_5a.csv){rel="external" type="application/octet-stream"}
- **Box 1.5. Impact of Credit Market Turmoil on Hedge Funds**
  - [Box 1.5. Impact of Credit Market Turmoil on Hedge Funds (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_5b.csv.md){rel="alternate" type="text/markdown"}
  - [Box 1.5. Impact of Credit Market Turmoil on Hedge Funds (CSV)](/external/pubs/ft/GFSR/2008/02/c1/boxfigure1_5b.csv){rel="external" type="application/octet-stream"}
- **Figure 1.1. Global Financial Stability Map**
  - [Figure 1.1. Global Financial Stability Map (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_1.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.1. Global Financial Stability Map (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_1.csv){rel="external" type="application/octet-stream"}
- **Figure 1.10. U.S. Residential Real Estate: Loan charge-Off Rates**
  - [Figure 1.10. U.S. Residential Real Estate: Loan charge-Off Rates (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_10.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.10. U.S. Residential Real Estate: Loan charge-Off Rates (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_10.csv){rel="external" type="application/octet-stream"}
- **Figure 1.11. U.S. Consumer Loans: Charge-Off Rates**
  - [Figure 1.11. U.S. Consumer Loans: Charge-Off Rates (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_11.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.11. U.S. Consumer Loans: Charge-Off Rates (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_11.csv){rel="external" type="application/octet-stream"}
- **Figure 1.12. Macroeconomic and Corporate Indicaotrs and Default Rates**
  - [Figure 1.12. Macroeconomic and Corporate Indicaotrs and Default Rates (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_12.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.12. Macroeconomic and Corporate Indicaotrs and Default Rates (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_12.csv){rel="external" type="application/octet-stream"}
- **Figure 1.13. Comparison of Financial Crises**
  - [Figure 1.13. Comparison of Financial Crises (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_13.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.13. Comparison of Financial Crises (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_13.csv){rel="external" type="application/octet-stream"}
- **Figure 1.14. Financial Sector Losses**
  - [Figure 1.14. Financial Sector Losses (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_14.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.14. Financial Sector Losses (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_14.csv){rel="external" type="application/octet-stream"}
- **Figure 1.15. Ratio of Household Debt to Gross Disposable Income**
  - [Figure 1.15. Ratio of Household Debt to Gross Disposable Income (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_15.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.15. Ratio of Household Debt to Gross Disposable Income (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_15.csv){rel="external" type="application/octet-stream"}
- **Figure 1.16. U.K. Mortgage Foreclosures**
  - [Figure 1.16. U.K. Mortgage Foreclosures (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_16.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.16. U.K. Mortgage Foreclosures (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_16.csv){rel="external" type="application/octet-stream"}
- **Figure 1.17. Net Acquisition of Financial Assets by U.S. Financial Firms**
  - [Figure 1.17. Net Acquisition of Financial Assets by U.S. Financial Firms (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_17.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.17. Net Acquisition of Financial Assets by U.S. Financial Firms (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_17.csv){rel="external" type="application/octet-stream"}
- **Figure 1.18. Bank Ratios**
  - [Figure 1.18. Bank Ratios (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_18.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.18. Bank Ratios (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_18.csv){rel="external" type="application/octet-stream"}
- **Figure 1.19. U.S. Banks' Price-to-Book Ratios and Risk Exposures**
  - [Figure 1.19. U.S. Banks' Price-to-Book Ratios and Risk Exposures (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_19.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.19. U.S. Banks' Price-to-Book Ratios and Risk Exposures (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_19.csv){rel="external" type="application/octet-stream"}
- **Figure 1.2. Heat Map: Developments in Systemic Asset Classes**
  - [Figure 1.2. Heat Map: Developments in Systemic Asset Classes (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_2.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.2. Heat Map: Developments in Systemic Asset Classes (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_2.csv){rel="external" type="application/octet-stream"}
- **Figure 1.20. European Banks' Price-to-Book Ratios and European Real Estate Prices**
  - [Figure 1.20. European Banks' Price-to-Book Ratios and European Real Estate Prices (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_20.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.20. European Banks' Price-to-Book Ratios and European Real Estate Prices (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_20.csv){rel="external" type="application/octet-stream"}
- **Figure 1.21. U.K. Banks' Price-to-Book Values**
  - [Figure 1.21. U.K. Banks' Price-to-Book Values (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_21.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.21. U.K. Banks' Price-to-Book Values (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_21.csv){rel="external" type="application/octet-stream"}
- **Figure 1.22. AA Rated Bank Bond Index Spreads Relative to Government Bonds**
  - [Figure 1.22. AA Rated Bank Bond Index Spreads Relative to Government Bonds (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_22.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.22. AA Rated Bank Bond Index Spreads Relative to Government Bonds (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_22.csv){rel="external" type="application/octet-stream"}
- **Figure 1.23. European Banks' Cross-Border Liabilities, end-2007**
  - [Figure 1.23. European Banks' Cross-Border Liabilities, end-2007 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_23.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.23. European Banks' Cross-Border Liabilities, end-2007 (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_23.csv){rel="external" type="application/octet-stream"}
- **Figure 1.24. Net Cross-Border U.S. Dollar Claims of European Banks**
  - [Figure 1.24. Net Cross-Border U.S. Dollar Claims of European Banks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_24.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.24. Net Cross-Border U.S. Dollar Claims of European Banks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_24.csv){rel="external" type="application/octet-stream"}
- **Figure 1.25. Cross-Currency Swaps with U.S. Dollar**
  - [Figure 1.25. Cross-Currency Swaps with U.S. Dollar (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_25.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.25. Cross-Currency Swaps with U.S. Dollar (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_25.csv){rel="external" type="application/octet-stream"}
- **Figure 1.26. Private Sector Credit Growth**
  - [Figure 1.26. Private Sector Credit Growth (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_26.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.26. Private Sector Credit Growth (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_26.csv){rel="external" type="application/octet-stream"}
- **Figure 1.27. Euro Area Financial Institution Lending for Home Purchases**
  - [Figure 1.27. Euro Area Financial Institution Lending for Home Purchases (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_27.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.27. Euro Area Financial Institution Lending for Home Purchases (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_27.csv){rel="external" type="application/octet-stream"}
- **Figure 1.28. Market Capitalization and Equity Book Values of Select Financial Institutions**
  - [Figure 1.28. Market Capitalization and Equity Book Values of Select Financial Institutions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_28.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.28. Market Capitalization and Equity Book Values of Select Financial Institutions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_28.csv){rel="external" type="application/octet-stream"}
- **Figure 1.20. Probability of Default Based on Equity Option Prices**
  - [Figure 1.20. Probability of Default Based on Equity Option Prices (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_29.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.20. Probability of Default Based on Equity Option Prices (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_29.csv){rel="external" type="application/octet-stream"}
- **Figure 1.3. Systemic Bank Default Risk**
  - [Figure 1.3. Systemic Bank Default Risk (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.3. Systemic Bank Default Risk (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_3.csv){rel="external" type="application/octet-stream"}
- **Figure 1.30. U.S. Equity Index Performance**
  - [Figure 1.30. U.S. Equity Index Performance (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_30.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.30. U.S. Equity Index Performance (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_30.csv){rel="external" type="application/octet-stream"}
- **figure1_31**
  - [figure1_31 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_31.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_31 (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_31.csv){rel="external" type="application/octet-stream"}
- **Figure 1.32. Potential U.S. Commitments and Mortgage Markets**
  - [Figure 1.32. Potential U.S. Commitments and Mortgage Markets (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_32.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.32. Potential U.S. Commitments and Mortgage Markets (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_32.csv){rel="external" type="application/octet-stream"}
- **Figure 1.33. Sovereign Credit Default Swap Spreads**
  - [Figure 1.33. Sovereign Credit Default Swap Spreads (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_33.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.33. Sovereign Credit Default Swap Spreads (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_33.csv){rel="external" type="application/octet-stream"}
- **Figure 1.34. Net Foreign Equity Investment in Emerging Economies**
  - [Figure 1.34. Net Foreign Equity Investment in Emerging Economies (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_34.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.34. Net Foreign Equity Investment in Emerging Economies (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_34.csv){rel="external" type="application/octet-stream"}
- **Figure 1.35. Emerging Market External and U.S. High-Grade Corporate Spreads**
  - [Figure 1.35. Emerging Market External and U.S. High-Grade Corporate Spreads (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_35.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.35. Emerging Market External and U.S. High-Grade Corporate Spreads (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_35.csv){rel="external" type="application/octet-stream"}
- **Dataset overview**
  - [Dataset overview (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_36.csv.md){rel="alternate" type="text/markdown"}
  - [Dataset overview (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_36.csv){rel="external" type="application/octet-stream"}
- **Figure1 37**
  - [Figure1 37 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_37.csv.md){rel="alternate" type="text/markdown"}
  - [Figure1 37 (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_37.csv){rel="external" type="application/octet-stream"}
- **figure1_38**
  - [figure1_38 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_38.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_38 (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_38.csv){rel="external" type="application/octet-stream"}
- **Figure 1..34. Break-Even Inflation Rates**
  - [Figure 1..34. Break-Even Inflation Rates (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_39.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1..34. Break-Even Inflation Rates (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_39.csv){rel="external" type="application/octet-stream"}
- **Figure 1.4. Asset Price Volatility and Funding and Market Liquidity**
  - [Figure 1.4. Asset Price Volatility and Funding and Market Liquidity (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_4.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.4. Asset Price Volatility and Funding and Market Liquidity (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_4.csv){rel="external" type="application/octet-stream"}
- **Figure 1.40. Baltic States: Real Bank Loan Growth to Nonfinancial Private Sector**
  - [Figure 1.40. Baltic States: Real Bank Loan Growth to Nonfinancial Private Sector (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_40.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.40. Baltic States: Real Bank Loan Growth to Nonfinancial Private Sector (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_40.csv){rel="external" type="application/octet-stream"}
- **figure1_41a — Dataset overview**
  - [figure1_41a — Dataset overview (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41a.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_41a — Dataset overview (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41a.csv){rel="external" type="application/octet-stream"}
- **figure1_41b**
  - [figure1_41b (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41b.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_41b (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41b.csv){rel="external" type="application/octet-stream"}
- **Figure 1.41. Global Financial Stability Map: Monetary and Financial Conditions**
  - [Figure 1.41. Global Financial Stability Map: Monetary and Financial Conditions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41c.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.41. Global Financial Stability Map: Monetary and Financial Conditions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41c.csv){rel="external" type="application/octet-stream"}
- **figure1_41d — Custodial Reserve Holdings at the Federal Reserve Bank of New York**
  - [figure1_41d — Custodial Reserve Holdings at the Federal Reserve Bank of New York (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41d.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_41d — Custodial Reserve Holdings at the Federal Reserve Bank of New York (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41d.csv){rel="external" type="application/octet-stream"}
- **Figure 1.41. Global Financial Stability Map: Monetary and Financial Conditions**
  - [Figure 1.41. Global Financial Stability Map: Monetary and Financial Conditions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41e.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.41. Global Financial Stability Map: Monetary and Financial Conditions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_41e.csv){rel="external" type="application/octet-stream"}
- **figure1_42a**
  - [figure1_42a (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_42a.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_42a (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_42a.csv){rel="external" type="application/octet-stream"}
- **Figure 1.42. Global Financial Stability Map: Risk Appetite**
  - [Figure 1.42. Global Financial Stability Map: Risk Appetite (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_42b.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.42. Global Financial Stability Map: Risk Appetite (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_42b.csv){rel="external" type="application/octet-stream"}
- **Figure 1.42. Global Financial Stability Map: Risk Appetite**
  - [Figure 1.42. Global Financial Stability Map: Risk Appetite (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_42c.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.42. Global Financial Stability Map: Risk Appetite (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_42c.csv){rel="external" type="application/octet-stream"}
- **Figure 1.42. Global Financial Stability Map: Risk Appetite**
  - [Figure 1.42. Global Financial Stability Map: Risk Appetite (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_42d.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.42. Global Financial Stability Map: Risk Appetite (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_42d.csv){rel="external" type="application/octet-stream"}
- **figure1_43a**
  - [figure1_43a (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43a.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_43a (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43a.csv){rel="external" type="application/octet-stream"}
- **Figure 1.43. Global Financial Stability Map: Macroeconomic Risks**
  - [Figure 1.43. Global Financial Stability Map: Macroeconomic Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43b.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.43. Global Financial Stability Map: Macroeconomic Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43b.csv){rel="external" type="application/octet-stream"}
- **Figure1 43c**
  - [Figure1 43c (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43c.csv.md){rel="alternate" type="text/markdown"}
  - [Figure1 43c (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43c.csv){rel="external" type="application/octet-stream"}
- **figure1_43d: Global Financial Stability Map: Macroeconomic Risks**
  - [figure1_43d: Global Financial Stability Map: Macroeconomic Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43d.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_43d: Global Financial Stability Map: Macroeconomic Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43d.csv){rel="external" type="application/octet-stream"}
- **Figure 1.43. Global Financial Stability Map: Macroeconomic Risks**
  - [Figure 1.43. Global Financial Stability Map: Macroeconomic Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43e.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.43. Global Financial Stability Map: Macroeconomic Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43e.csv){rel="external" type="application/octet-stream"}
- **Figure 1.43. Global Financial Stability Map: Macroeconomic Risks**
  - [Figure 1.43. Global Financial Stability Map: Macroeconomic Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43f.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.43. Global Financial Stability Map: Macroeconomic Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_43f.csv){rel="external" type="application/octet-stream"}
- **Figure 1.44. Global Financial Stability Map: Emerging Market Risks**
  - [Figure 1.44. Global Financial Stability Map: Emerging Market Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44a.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.44. Global Financial Stability Map: Emerging Market Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44a.csv){rel="external" type="application/octet-stream"}
- **Figure 1.44. Global Financial Stability Map: Emerging Market Risks**
  - [Figure 1.44. Global Financial Stability Map: Emerging Market Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44b.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.44. Global Financial Stability Map: Emerging Market Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44b.csv){rel="external" type="application/octet-stream"}
- **Figure 1.44. Global Financial Stability Map: Emerging Market Risks**
  - [Figure 1.44. Global Financial Stability Map: Emerging Market Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44c.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.44. Global Financial Stability Map: Emerging Market Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44c.csv){rel="external" type="application/octet-stream"}
- **figure1_44d**
  - [figure1_44d (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44d.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_44d (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44d.csv){rel="external" type="application/octet-stream"}
- **figure1_44e**
  - [figure1_44e (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44e.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_44e (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_44e.csv){rel="external" type="application/octet-stream"}
- **figure1_45a**
  - [figure1_45a (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45a.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_45a (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45a.csv){rel="external" type="application/octet-stream"}
- **Figure 1.45. Global Financial Stability Map: Credit Risks**
  - [Figure 1.45. Global Financial Stability Map: Credit Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45b.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.45. Global Financial Stability Map: Credit Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45b.csv){rel="external" type="application/octet-stream"}
- **figure1_45c — Moody's Speculative Grade Default Rates: Actual and 12-Month Forecast**
  - [figure1_45c — Moody's Speculative Grade Default Rates: Actual and 12-Month Forecast (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45c.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_45c — Moody's Speculative Grade Default Rates: Actual and 12-Month Forecast (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45c.csv){rel="external" type="application/octet-stream"}
- **Figure 1.45. Global Financial Stability Map: Credit Risks**
  - [Figure 1.45. Global Financial Stability Map: Credit Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45d.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.45. Global Financial Stability Map: Credit Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45d.csv){rel="external" type="application/octet-stream"}
- **Figure 1.45. Global Financial Stability Map: Credit Risks**
  - [Figure 1.45. Global Financial Stability Map: Credit Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45e.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.45. Global Financial Stability Map: Credit Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_45e.csv){rel="external" type="application/octet-stream"}
- **Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks**
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46a.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46a.csv){rel="external" type="application/octet-stream"}
- **Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks**
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46b.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46b.csv){rel="external" type="application/octet-stream"}
- **Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks**
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46c.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46c.csv){rel="external" type="application/octet-stream"}
- **Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks**
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46d.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46d.csv){rel="external" type="application/octet-stream"}
- **Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks**
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46e.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46e.csv){rel="external" type="application/octet-stream"}
- **Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks**
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46f.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.46. Global Financial Stability Map: Market and Liquidity Risks (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_46f.csv){rel="external" type="application/octet-stream"}
- **Figure 1.47. Commodity Futures Prices and Financial Positions**
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47a.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47a.csv){rel="external" type="application/octet-stream"}
- **Figure 1.47. Commodity Futures Prices and Financial Positions**
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47b.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47b.csv){rel="external" type="application/octet-stream"}
- **figure1_47c**
  - [figure1_47c (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47c.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_47c (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47c.csv){rel="external" type="application/octet-stream"}
- **Figure 1.47. Commodity Futures Prices and Financial Positions**
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47d.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47d.csv){rel="external" type="application/octet-stream"}
- **Figure 1.47. Commodity Futures Prices and Financial Positions**
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47e.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47e.csv){rel="external" type="application/octet-stream"}
- **Figure 1.47. Commodity Futures Prices and Financial Positions**
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47f.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.47. Commodity Futures Prices and Financial Positions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_47f.csv){rel="external" type="application/octet-stream"}
- **Figure 1.5. Allocation to Global and Emerging Market Risk Assets**
  - [Figure 1.5. Allocation to Global and Emerging Market Risk Assets (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_5.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.5. Allocation to Global and Emerging Market Risk Assets (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_5.csv){rel="external" type="application/octet-stream"}
- **Figure1_6 — Dataset overview**
  - [Figure1_6 — Dataset overview (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_6.csv.md){rel="alternate" type="text/markdown"}
  - [Figure1_6 — Dataset overview (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_6.csv){rel="external" type="application/octet-stream"}
- **Figure 1.7. U.S. Households' Balance Sheet: Net Worth**
  - [Figure 1.7. U.S. Households' Balance Sheet: Net Worth (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_7.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.7. U.S. Households' Balance Sheet: Net Worth (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_7.csv){rel="external" type="application/octet-stream"}
- **Figure 1.8. U.S. Mortgage Delinquencies by Vintage Year**
  - [Figure 1.8. U.S. Mortgage Delinquencies by Vintage Year (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_8.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.8. U.S. Mortgage Delinquencies by Vintage Year (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_8.csv){rel="external" type="application/octet-stream"}
- **Figure 1.9. Prices of U.S. Mortgage-Related Securities**
  - [Figure 1.9. Prices of U.S. Mortgage-Related Securities (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/figure1_9.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.9. Prices of U.S. Mortgage-Related Securities (CSV)](/external/pubs/ft/GFSR/2008/02/c1/figure1_9.csv){rel="external" type="application/octet-stream"}
- **Table 1.1. Estimates of Financial Sector Potential Writedowns**
  - [Table 1.1. Estimates of Financial Sector Potential Writedowns (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_1.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.1. Estimates of Financial Sector Potential Writedowns (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_1.csv){rel="external" type="application/octet-stream"}
- **Table 1.10. Road to Recovery: Key Assumptions**
  - [Table 1.10. Road to Recovery: Key Assumptions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_10.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.10. Road to Recovery: Key Assumptions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_10.csv){rel="external" type="application/octet-stream"}
- **Table 1.2.  Estimates of Potential Losses on Loans**
  - [Table 1.2.  Estimates of Potential Losses on Loans (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_2.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.2.  Estimates of Potential Losses on Loans (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_2.csv){rel="external" type="application/octet-stream"}
- **Table1 3**
  - [Table1 3 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_3.csv.md){rel="alternate" type="text/markdown"}
  - [Table1 3 (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_3.csv){rel="external" type="application/octet-stream"}
- **Table 1.4. Sensitivity of Deleveraging to Public Sector Support**
  - [Table 1.4. Sensitivity of Deleveraging to Public Sector Support (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_4.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.4. Sensitivity of Deleveraging to Public Sector Support (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_4.csv){rel="external" type="application/octet-stream"}
- **Table 1.5. Macro and Financial Indicators in Selected Emerging Market Countries**
  - [Table 1.5. Macro and Financial Indicators in Selected Emerging Market Countries (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_5.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.5. Macro and Financial Indicators in Selected Emerging Market Countries (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_5.csv){rel="external" type="application/octet-stream"}
- **Table 1.7. Asset Class Characteristics**
  - [Table 1.7. Asset Class Characteristics (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_7.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.7. Asset Class Characteristics (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_7.csv){rel="external" type="application/octet-stream"}
- **Table 1.8. Test for Causality between Commodity Prices and Financial Positions**
  - [Table 1.8. Test for Causality between Commodity Prices and Financial Positions (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_8.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.8. Test for Causality between Commodity Prices and Financial Positions (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_8.csv){rel="external" type="application/octet-stream"}
- **Table 1.9. Comparison of Financial Sector Loss Estimates, October 2008**
  - [Table 1.9. Comparison of Financial Sector Loss Estimates, October 2008 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c1/table1_9.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.9. Comparison of Financial Sector Loss Estimates, October 2008 (CSV)](/external/pubs/ft/GFSR/2008/02/c1/table1_9.csv){rel="external" type="application/octet-stream"}
- **boxfigure2_2a**
  - [boxfigure2_2a (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_2a.csv.md){rel="alternate" type="text/markdown"}
  - [boxfigure2_2a (CSV)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_2a.csv){rel="external" type="application/octet-stream"}
- **boxfigure2_2b**
  - [boxfigure2_2b (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_2b.csv.md){rel="alternate" type="text/markdown"}
  - [boxfigure2_2b (CSV)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_2b.csv){rel="external" type="application/octet-stream"}
- **Box  Figure 2.2.C. ICAP NYFR and BBA LIBOR Spread**
  - [Box  Figure 2.2.C. ICAP NYFR and BBA LIBOR Spread (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_2c.csv.md){rel="alternate" type="text/markdown"}
  - [Box  Figure 2.2.C. ICAP NYFR and BBA LIBOR Spread (CSV)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_2c.csv){rel="external" type="application/octet-stream"}
- **Box Figure 2.3.A. Impact of Term Auction Facility**
  - [Box Figure 2.3.A. Impact of Term Auction Facility (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_3a.csv.md){rel="alternate" type="text/markdown"}
  - [Box Figure 2.3.A. Impact of Term Auction Facility (CSV)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_3a.csv){rel="external" type="application/octet-stream"}
- **BoxFigure 2.3.B. European Central Bank: U.S. Dollar Term Auction Facility**
  - [BoxFigure 2.3.B. European Central Bank: U.S. Dollar Term Auction Facility (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_3b.csv.md){rel="alternate" type="text/markdown"}
  - [BoxFigure 2.3.B. European Central Bank: U.S. Dollar Term Auction Facility (CSV)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_3b.csv){rel="external" type="application/octet-stream"}
- **Box Figure 2.4. United States: Breakdown of Financial Sector**
  - [Box Figure 2.4. United States: Breakdown of Financial Sector (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_4.csv.md){rel="alternate" type="text/markdown"}
  - [Box Figure 2.4. United States: Breakdown of Financial Sector (CSV)](/external/pubs/ft/GFSR/2008/02/c2/boxfigure2_4.csv){rel="external" type="application/octet-stream"}
- **Figure 2.1. Unsecured Borrowing Transaction Volumes**
  - [Figure 2.1. Unsecured Borrowing Transaction Volumes (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_1.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.1. Unsecured Borrowing Transaction Volumes (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_1.csv){rel="external" type="application/octet-stream"}
- **Figure 2.10. Dynamic Vector Error Correlation Mechanism**
  - [Figure 2.10. Dynamic Vector Error Correlation Mechanism (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_10.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.10. Dynamic Vector Error Correlation Mechanism (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_10.csv){rel="external" type="application/octet-stream"}
- **Figure 2.11.Dynamic Vector Error Correlation Mechanism**
  - [Figure 2.11.Dynamic Vector Error Correlation Mechanism (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_11.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.11.Dynamic Vector Error Correlation Mechanism (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_11.csv){rel="external" type="application/octet-stream"}
- **Figure 2.12. Summary Chart: Accuracy of Forecasts - U.S. Model, 1996-2008**
  - [Figure 2.12. Summary Chart: Accuracy of Forecasts - U.S. Model, 1996-2008 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_12.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.12. Summary Chart: Accuracy of Forecasts - U.S. Model, 1996-2008 (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_12.csv){rel="external" type="application/octet-stream"}
- **Fig 2.13. Summar Chart: Accuracy of Forecast - U.S. Model**
  - [Fig 2.13. Summar Chart: Accuracy of Forecast - U.S. Model (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_13.csv.md){rel="alternate" type="text/markdown"}
  - [Fig 2.13. Summar Chart: Accuracy of Forecast - U.S. Model (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_13.csv){rel="external" type="application/octet-stream"}
- **Figure 2.14. Summary Chart: Accuracy of Forecasts - Euro Area Model, 2006-08**
  - [Figure 2.14. Summary Chart: Accuracy of Forecasts - Euro Area Model, 2006-08 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_14.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.14. Summary Chart: Accuracy of Forecasts - Euro Area Model, 2006-08 (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_14.csv){rel="external" type="application/octet-stream"}
- **Figure 2.15. Decomposition of Spread Between Three-Month U.S. Dollar LIBOR and Overnight Index Swaps**
  - [Figure 2.15. Decomposition of Spread Between Three-Month U.S. Dollar LIBOR and Overnight Index Swaps (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_15.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.15. Decomposition of Spread Between Three-Month U.S. Dollar LIBOR and Overnight Index Swaps (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_15.csv){rel="external" type="application/octet-stream"}
- **Figure2 2**
  - [Figure2 2 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_2.csv.md){rel="alternate" type="text/markdown"}
  - [Figure2 2 (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_2.csv){rel="external" type="application/octet-stream"}
- **Figure2 3**
  - [Figure2 3 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure2 3 (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_3.csv){rel="external" type="application/octet-stream"}
- **figure2_4**
  - [figure2_4 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_4.csv.md){rel="alternate" type="text/markdown"}
  - [figure2_4 (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_4.csv){rel="external" type="application/octet-stream"}
- **Figure 2.5. Structured VAR Model: Variance Decomposition of LIBOR/Euribor Minus Overnight Index Swap**
  - [Figure 2.5. Structured VAR Model: Variance Decomposition of LIBOR/Euribor Minus Overnight Index Swap (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_5.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.5. Structured VAR Model: Variance Decomposition of LIBOR/Euribor Minus Overnight Index Swap (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_5.csv){rel="external" type="application/octet-stream"}
- **Figure 2.6. Selected Countries: Size of Financial Assets**
  - [Figure 2.6. Selected Countries: Size of Financial Assets (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_6.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.6. Selected Countries: Size of Financial Assets (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_6.csv){rel="external" type="application/octet-stream"}
- **Figure 2.7. United States: Structural Changes in Financial Sector Liabilities**
  - [Figure 2.7. United States: Structural Changes in Financial Sector Liabilities (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_7.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.7. United States: Structural Changes in Financial Sector Liabilities (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_7.csv){rel="external" type="application/octet-stream"}
- **Figure 2.8. United States: Selected Interest Rate Spreads**
  - [Figure 2.8. United States: Selected Interest Rate Spreads (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_8.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.8. United States: Selected Interest Rate Spreads (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_8.csv){rel="external" type="application/octet-stream"}
- **Figure 2.9. Euro Area: Selected Interest Rate Spreads**
  - [Figure 2.9. Euro Area: Selected Interest Rate Spreads (Markdown version)](/external/pubs/ft/GFSR/2008/02/c2/figure2_9.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2.9. Euro Area: Selected Interest Rate Spreads (CSV)](/external/pubs/ft/GFSR/2008/02/c2/figure2_9.csv){rel="external" type="application/octet-stream"}
- **Figure 3.1. Selected U.S.-Based Financial Institutions: Change in Level 1, 2, and 3 Assets**
  - [Figure 3.1. Selected U.S.-Based Financial Institutions: Change in Level 1, 2, and 3 Assets (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_1.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.1. Selected U.S.-Based Financial Institutions: Change in Level 1, 2, and 3 Assets (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_1.csv){rel="external" type="application/octet-stream"}
- **Figure 3.2. Aggregate Fair Value Hierarchy, End-2007**
  - [Figure 3.2. Aggregate Fair Value Hierarchy, End-2007 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_2.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.2. Aggregate Fair Value Hierarchy, End-2007 (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_2.csv){rel="external" type="application/octet-stream"}
- **Figure 3.3. Simulation of Full Fair Value**
  - [Figure 3.3. Simulation of Full Fair Value (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.3. Simulation of Full Fair Value (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_3.csv){rel="external" type="application/octet-stream"}
- **Figure3 4**
  - [Figure3 4 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_4.csv.md){rel="alternate" type="text/markdown"}
  - [Figure3 4 (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_4.csv){rel="external" type="application/octet-stream"}
- **Figure 3.5. Simulation of Full Fair Value: International versus Retail-Oriented Banks**
  - [Figure 3.5. Simulation of Full Fair Value: International versus Retail-Oriented Banks (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_5.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.5. Simulation of Full Fair Value: International versus Retail-Oriented Banks (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_5.csv){rel="external" type="application/octet-stream"}
- **Figure 3.6. Simulation of Partial Fair Value**
  - [Figure 3.6. Simulation of Partial Fair Value (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_6.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.6. Simulation of Partial Fair Value (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_6.csv){rel="external" type="application/octet-stream"}
- **Figure 3.7. Simulation of Smoothing Techniques**
  - [Figure 3.7. Simulation of Smoothing Techniques (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_7.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.7. Simulation of Smoothing Techniques (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_7.csv){rel="external" type="application/octet-stream"}
- **Figure 3.8. Yield Curves and Business Cycles**
  - [Figure 3.8. Yield Curves and Business Cycles (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_8.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.8. Yield Curves and Business Cycles (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_8.csv){rel="external" type="application/octet-stream"}
- **Figure 3.9. Simulation of Full Fair Value with Upward Sloping Yield Curve**
  - [Figure 3.9. Simulation of Full Fair Value with Upward Sloping Yield Curve (Markdown version)](/external/pubs/ft/GFSR/2008/02/c3/figure3_9.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.9. Simulation of Full Fair Value with Upward Sloping Yield Curve (CSV)](/external/pubs/ft/GFSR/2008/02/c3/figure3_9.csv){rel="external" type="application/octet-stream"}
- **boxfigure4_2a**
  - [boxfigure4_2a (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/boxfigure4_2a.csv.md){rel="alternate" type="text/markdown"}
  - [boxfigure4_2a (CSV)](/external/pubs/ft/GFSR/2008/02/c4/boxfigure4_2a.csv){rel="external" type="application/octet-stream"}
- **Box 4.2. Figure B. Emerging Market Economies: Total Assets Under Management of Mutual Funds**
  - [Box 4.2. Figure B. Emerging Market Economies: Total Assets Under Management of Mutual Funds (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/boxfigure4_2b.csv.md){rel="alternate" type="text/markdown"}
  - [Box 4.2. Figure B. Emerging Market Economies: Total Assets Under Management of Mutual Funds (CSV)](/external/pubs/ft/GFSR/2008/02/c4/boxfigure4_2b.csv){rel="external" type="application/octet-stream"}
- **Pension Fund Assets in Selected Countries, 2006**
  - [Pension Fund Assets in Selected Countries, 2006 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/boxfigure4_2c.csv.md){rel="alternate" type="text/markdown"}
  - [Pension Fund Assets in Selected Countries, 2006 (CSV)](/external/pubs/ft/GFSR/2008/02/c4/boxfigure4_2c.csv){rel="external" type="application/octet-stream"}
- **Box 4.2. Figure D. Mutual Fund Assets in Selected Countries, 2007**
  - [Box 4.2. Figure D. Mutual Fund Assets in Selected Countries, 2007 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/boxfigure4_2d.csv.md){rel="alternate" type="text/markdown"}
  - [Box 4.2. Figure D. Mutual Fund Assets in Selected Countries, 2007 (CSV)](/external/pubs/ft/GFSR/2008/02/c4/boxfigure4_2d.csv){rel="external" type="application/octet-stream"}
- **Figure 4.1. Selected Equity Market Indices**
  - [Figure 4.1. Selected Equity Market Indices (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_1.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.1. Selected Equity Market Indices (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_1.csv){rel="external" type="application/octet-stream"}
- **Figure4 10**
  - [Figure4 10 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_10.csv.md){rel="alternate" type="text/markdown"}
  - [Figure4 10 (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_10.csv){rel="external" type="application/octet-stream"}
- **Figure 4.11. Equity Price Response to Global Excess Liquidity**
  - [Figure 4.11. Equity Price Response to Global Excess Liquidity (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_11.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.11. Equity Price Response to Global Excess Liquidity (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_11.csv){rel="external" type="application/octet-stream"}
- **Figure 4.12. Equity Price Response to Credit Risk Premium**
  - [Figure 4.12. Equity Price Response to Credit Risk Premium (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_12.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.12. Equity Price Response to Credit Risk Premium (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_12.csv){rel="external" type="application/octet-stream"}
- **Figure 4.13. Equity Price Response to Market Risk Premium**
  - [Figure 4.13. Equity Price Response to Market Risk Premium (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_13.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.13. Equity Price Response to Market Risk Premium (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_13.csv){rel="external" type="application/octet-stream"}
- **Figure 4.2. Emerging Market Economies: Composition of Capital Inflows**
  - [Figure 4.2. Emerging Market Economies: Composition of Capital Inflows (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_2.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.2. Emerging Market Economies: Composition of Capital Inflows (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_2.csv){rel="external" type="application/octet-stream"}
- **Figure 4.3. Current Account Balances and Capital Flows from a Global Perspective**
  - [Figure 4.3. Current Account Balances and Capital Flows from a Global Perspective (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.3. Current Account Balances and Capital Flows from a Global Perspective (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_3.csv){rel="external" type="application/octet-stream"}
- **Figure4 4**
  - [Figure4 4 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_4.csv.md){rel="alternate" type="text/markdown"}
  - [Figure4 4 (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_4.csv){rel="external" type="application/octet-stream"}
- **Figure 4.5. Total Equity Market Returns**
  - [Figure 4.5. Total Equity Market Returns (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_5.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.5. Total Equity Market Returns (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_5.csv){rel="external" type="application/octet-stream"}
- **Figure 4.6. Price/Earnings Ratios, July 31, 2008**
  - [Figure 4.6. Price/Earnings Ratios, July 31, 2008 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_6.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.6. Price/Earnings Ratios, July 31, 2008 (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_6.csv){rel="external" type="application/octet-stream"}
- **Figure 4.7. Total Foreign Holdings of Equity**
  - [Figure 4.7. Total Foreign Holdings of Equity (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_7.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.7. Total Foreign Holdings of Equity (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_7.csv){rel="external" type="application/octet-stream"}
- **Figure 4.8. Emerging Markets Equity Indices and Foreign Investor Presence**
  - [Figure 4.8. Emerging Markets Equity Indices and Foreign Investor Presence (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_8.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.8. Emerging Markets Equity Indices and Foreign Investor Presence (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_8.csv){rel="external" type="application/octet-stream"}
- **Figure4 9**
  - [Figure4 9 (Markdown version)](/external/pubs/ft/GFSR/2008/02/c4/figure4_9.csv.md){rel="alternate" type="text/markdown"}
  - [Figure4 9 (CSV)](/external/pubs/ft/GFSR/2008/02/c4/figure4_9.csv){rel="external" type="application/octet-stream"}
- **sa_figure1**
  - [sa_figure1 (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure1.csv.md){rel="alternate" type="text/markdown"}
  - [sa_figure1 (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure1.csv){rel="external" type="application/octet-stream"}
- **Figure 10. Flows into U.S.-Based Equity Funds**
  - [Figure 10. Flows into U.S.-Based Equity Funds (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure10.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 10. Flows into U.S.-Based Equity Funds (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure10.csv){rel="external" type="application/octet-stream"}
- **Figure 11. United States: Corporate Bond Market**
  - [Figure 11. United States: Corporate Bond Market (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure11.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 11. United States: Corporate Bond Market (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure11.csv){rel="external" type="application/octet-stream"}
- **Figure 12. Europe: Corporate Bond Market**
  - [Figure 12. Europe: Corporate Bond Market (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure12.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 12. Europe: Corporate Bond Market (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure12.csv){rel="external" type="application/octet-stream"}
- **Figure 13. United States: Commercial Paper Market**
  - [Figure 13. United States: Commercial Paper Market (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure13.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 13. United States: Commercial Paper Market (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure13.csv){rel="external" type="application/octet-stream"}
- **Figure 14. United States: Asset-Backed Securities**
  - [Figure 14. United States: Asset-Backed Securities (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure14.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 14. United States: Asset-Backed Securities (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure14.csv){rel="external" type="application/octet-stream"}
- **Figure 15. Emerging Market Volatility Measures**
  - [Figure 15. Emerging Market Volatility Measures (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure15.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 15. Emerging Market Volatility Measures (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure15.csv){rel="external" type="application/octet-stream"}
- **Figure 16. Emerging Market Debt Cross-Correlation Measures**
  - [Figure 16. Emerging Market Debt Cross-Correlation Measures (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure16.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 16. Emerging Market Debt Cross-Correlation Measures (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure16.csv){rel="external" type="application/octet-stream"}
- **Dataset overview: Figure 2. Exchange Rates: Selected Major Industrial Countries**
  - [Dataset overview: Figure 2. Exchange Rates: Selected Major Industrial Countries (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure2.csv.md){rel="alternate" type="text/markdown"}
  - [Dataset overview: Figure 2. Exchange Rates: Selected Major Industrial Countries (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure2.csv){rel="external" type="application/octet-stream"}
- **Figure 3. United States: Yields on Corporate and Treasury Bonds**
  - [Figure 3. United States: Yields on Corporate and Treasury Bonds (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3. United States: Yields on Corporate and Treasury Bonds (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure3.csv){rel="external" type="application/octet-stream"}
- **Figure 4. Selected Spreads**
  - [Figure 4. Selected Spreads (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure4.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4. Selected Spreads (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure4.csv){rel="external" type="application/octet-stream"}
- **Figure 5. Nonfinancial Corporate Credit Spreads**
  - [Figure 5. Nonfinancial Corporate Credit Spreads (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure5.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 5. Nonfinancial Corporate Credit Spreads (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure5.csv){rel="external" type="application/octet-stream"}
- **Figure 6. Equity Markets: Price Indices**
  - [Figure 6. Equity Markets: Price Indices (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure6.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 6. Equity Markets: Price Indices (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure6.csv){rel="external" type="application/octet-stream"}
- **Figure 7. Implied and Historical Volatility in Equity Markets**
  - [Figure 7. Implied and Historical Volatility in Equity Markets (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure7.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 7. Implied and Historical Volatility in Equity Markets (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure7.csv){rel="external" type="application/octet-stream"}
- **Figure 8. Historical Volatility of Government Bond Yields and Bond Returns for Selected Countries**
  - [Figure 8. Historical Volatility of Government Bond Yields and Bond Returns for Selected Countries (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure8.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 8. Historical Volatility of Government Bond Yields and Bond Returns for Selected Countries (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure8.csv){rel="external" type="application/octet-stream"}
- **Figure 9. Twelve-Month Forward Price/Earnings Ratios**
  - [Figure 9. Twelve-Month Forward Price/Earnings Ratios (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure9.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 9. Twelve-Month Forward Price/Earnings Ratios (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_figure9.csv){rel="external" type="application/octet-stream"}
- **Table 1. Global Capital Flows: Inflows and Outflows**
  - [Table 1. Global Capital Flows: Inflows and Outflows (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table1.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1. Global Capital Flows: Inflows and Outflows (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table1.csv){rel="external" type="application/octet-stream"}
- **Table 10. Equity Market Indices**
  - [Table 10. Equity Market Indices (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table10.csv.md){rel="alternate" type="text/markdown"}
  - [Table 10. Equity Market Indices (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table10.csv){rel="external" type="application/octet-stream"}
- **Table 11.  Foreign Exchange Rates**
  - [Table 11.  Foreign Exchange Rates (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table11.csv.md){rel="alternate" type="text/markdown"}
  - [Table 11.  Foreign Exchange Rates (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table11.csv){rel="external" type="application/octet-stream"}
- **Table 12.  Emerging Market Bond Index:  EMBI Global Total Returns Index**
  - [Table 12.  Emerging Market Bond Index:  EMBI Global Total Returns Index (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table12.csv.md){rel="alternate" type="text/markdown"}
  - [Table 12.  Emerging Market Bond Index:  EMBI Global Total Returns Index (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table12.csv){rel="external" type="application/octet-stream"}
- **Table 13.  Emerging Market Bond Index:  EMBI Global Yield Spreads**
  - [Table 13.  Emerging Market Bond Index:  EMBI Global Yield Spreads (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table13.csv.md){rel="alternate" type="text/markdown"}
  - [Table 13.  Emerging Market Bond Index:  EMBI Global Yield Spreads (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table13.csv){rel="external" type="application/octet-stream"}
- **Table 14.  Emerging Market External Financing:  Total Bonds, Equities, and Loans**
  - [Table 14.  Emerging Market External Financing:  Total Bonds, Equities, and Loans (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table14.csv.md){rel="alternate" type="text/markdown"}
  - [Table 14.  Emerging Market External Financing:  Total Bonds, Equities, and Loans (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table14.csv){rel="external" type="application/octet-stream"}
- **Table 15.  Emerging Market External Financing:  Bond Issuance**
  - [Table 15.  Emerging Market External Financing:  Bond Issuance (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table15.csv.md){rel="alternate" type="text/markdown"}
  - [Table 15.  Emerging Market External Financing:  Bond Issuance (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table15.csv){rel="external" type="application/octet-stream"}
- **Table 16.  Emerging Market External Finance:  Equity Issuance**
  - [Table 16.  Emerging Market External Finance:  Equity Issuance (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table16.csv.md){rel="alternate" type="text/markdown"}
  - [Table 16.  Emerging Market External Finance:  Equity Issuance (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table16.csv){rel="external" type="application/octet-stream"}
- **Sa Table17**
  - [Sa Table17 (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table17.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table17 (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table17.csv){rel="external" type="application/octet-stream"}
- **Table 18. Equity Valuation Measures:  Dividend-Yield Ratios**
  - [Table 18. Equity Valuation Measures:  Dividend-Yield Ratios (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table18.csv.md){rel="alternate" type="text/markdown"}
  - [Table 18. Equity Valuation Measures:  Dividend-Yield Ratios (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table18.csv){rel="external" type="application/octet-stream"}
- **Table 19. Equity Valuation Measures:  Price-to-Book Ratios**
  - [Table 19. Equity Valuation Measures:  Price-to-Book Ratios (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table19.csv.md){rel="alternate" type="text/markdown"}
  - [Table 19. Equity Valuation Measures:  Price-to-Book Ratios (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table19.csv){rel="external" type="application/octet-stream"}
- **Sa Table2**
  - [Sa Table2 (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table2.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table2 (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table2.csv){rel="external" type="application/octet-stream"}
- **Table 20. Equity Valuation Measures:  Price/Earnings Ratios**
  - [Table 20. Equity Valuation Measures:  Price/Earnings Ratios (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table20.csv.md){rel="alternate" type="text/markdown"}
  - [Table 20. Equity Valuation Measures:  Price/Earnings Ratios (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table20.csv){rel="external" type="application/octet-stream"}
- **Table 21. Emerging Markets: Mutual Fund Flows**
  - [Table 21. Emerging Markets: Mutual Fund Flows (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table21.csv.md){rel="alternate" type="text/markdown"}
  - [Table 21. Emerging Markets: Mutual Fund Flows (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table21.csv){rel="external" type="application/octet-stream"}
- **Table 22. Bank Regulatory Capital to Risk-Weighted Assets**
  - [Table 22. Bank Regulatory Capital to Risk-Weighted Assets (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table22.csv.md){rel="alternate" type="text/markdown"}
  - [Table 22. Bank Regulatory Capital to Risk-Weighted Assets (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table22.csv){rel="external" type="application/octet-stream"}
- **Table 23. Bank Capital to Assets**
  - [Table 23. Bank Capital to Assets (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table23.csv.md){rel="alternate" type="text/markdown"}
  - [Table 23. Bank Capital to Assets (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table23.csv){rel="external" type="application/octet-stream"}
- **Table 24. Bank Nonperforming Loans to Total Loans**
  - [Table 24. Bank Nonperforming Loans to Total Loans (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table24.csv.md){rel="alternate" type="text/markdown"}
  - [Table 24. Bank Nonperforming Loans to Total Loans (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table24.csv){rel="external" type="application/octet-stream"}
- **Table 25. Bank Provisions to Nonperforming Loans**
  - [Table 25. Bank Provisions to Nonperforming Loans (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table25.csv.md){rel="alternate" type="text/markdown"}
  - [Table 25. Bank Provisions to Nonperforming Loans (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table25.csv){rel="external" type="application/octet-stream"}
- **Table 26. Bank Return on Assets**
  - [Table 26. Bank Return on Assets (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table26.csv.md){rel="alternate" type="text/markdown"}
  - [Table 26. Bank Return on Assets (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table26.csv){rel="external" type="application/octet-stream"}
- **Table 27. Bank Return on Equity**
  - [Table 27. Bank Return on Equity (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table27.csv.md){rel="alternate" type="text/markdown"}
  - [Table 27. Bank Return on Equity (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table27.csv){rel="external" type="application/octet-stream"}
- **Table 3. Selected Indicators on the Size of the Capital Markets, 2007**
  - [Table 3. Selected Indicators on the Size of the Capital Markets, 2007 (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table3.csv.md){rel="alternate" type="text/markdown"}
  - [Table 3. Selected Indicators on the Size of the Capital Markets, 2007 (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table3.csv){rel="external" type="application/octet-stream"}
- **Sa Table4**
  - [Sa Table4 (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table4.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table4 (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table4.csv){rel="external" type="application/octet-stream"}
- **Sa Table5**
  - [Sa Table5 (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table5.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table5 (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table5.csv){rel="external" type="application/octet-stream"}
- **Sa Table6**
  - [Sa Table6 (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table6.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table6 (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table6.csv){rel="external" type="application/octet-stream"}
- **Table 7. United States: Sectoral Balance Sheets**
  - [Table 7. United States: Sectoral Balance Sheets (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table7.csv.md){rel="alternate" type="text/markdown"}
  - [Table 7. United States: Sectoral Balance Sheets (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table7.csv){rel="external" type="application/octet-stream"}
- **Table 8. Japan: Sectoral Balance Sheets1**
  - [Table 8. Japan: Sectoral Balance Sheets1 (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table8.csv.md){rel="alternate" type="text/markdown"}
  - [Table 8. Japan: Sectoral Balance Sheets1 (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table8.csv){rel="external" type="application/octet-stream"}
- **Table 9. Europe: Sectoral Balance Sheets**
  - [Table 9. Europe: Sectoral Balance Sheets (Markdown version)](/external/pubs/ft/GFSR/2008/02/sa/sa_table9.csv.md){rel="alternate" type="text/markdown"}
  - [Table 9. Europe: Sectoral Balance Sheets (CSV)](/external/pubs/ft/GFSR/2008/02/sa/sa_table9.csv){rel="external" type="application/octet-stream"}
- **تقرير الاستقرار المالي العالمي: ملخص واف -- أكتوبر 2008**
  - [تقرير الاستقرار المالي العالمي: ملخص واف -- أكتوبر 2008 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2008/02/sumapdf.pdf.md){rel="alternate" type="text/markdown"}
  - [تقرير الاستقرار المالي العالمي: ملخص واف -- أكتوبر 2008 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2008/02/sumapdf.pdf){rel="external" type="application/pdf"}
- **2008年10月《全球金融稳定报告》- 金融压力和去杠杆化, 宏观金融影响和政策**
  - [2008年10月《全球金融稳定报告》- 金融压力和去杠杆化, 宏观金融影响和政策 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2008/02/_ftcpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [2008年10月《全球金融稳定报告》- 金融压力和去杠杆化, 宏观金融影响和政策 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2008/02/_ftcpdf.pdf){rel="external" type="application/pdf"}
- **2008年10月期《全球金融稳定报告》概要**
  - [2008年10月期《全球金融稳定报告》概要 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2008/02/sumcpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [2008年10月期《全球金融稳定报告》概要 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2008/02/sumcpdf.pdf){rel="external" type="application/pdf"}
- **Rapport sur la stabilité financière dans le monde : Résumé analytique -- Octobre 2008**
  - [Rapport sur la stabilité financière dans le monde : Résumé analytique -- Octobre 2008 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2008/02/sumfpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Rapport sur la stabilité financière dans le monde : Résumé analytique -- Octobre 2008 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2008/02/sumfpdf.pdf){rel="external" type="application/pdf"}
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  - [国際金融安定性報告書（GFSR） 2008年10月: 要旨 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2008/02/sumjpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [国際金融安定性報告書（GFSR） 2008年10月: 要旨 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2008/02/sumjpdf.pdf){rel="external" type="application/pdf"}
- **template**
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- **figure1.41**
  - [figure1.41 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure119pdf.pdf.md){rel="alternate" type="text/markdown"}
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- **figure1_1**
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  - [figure1_1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure11pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure120pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure120pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure121pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure121pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure122pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure122pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure123pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure123pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure124pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure124pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure125pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure125pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure126pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure126pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure127pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure127pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure128pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure128pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure129pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure129pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure12pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure12pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure130pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure130pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure131pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure131pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure132pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure132pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure133pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure133pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure134pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure134pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure135pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure135pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure136pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure136pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure137pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure137pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure138pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure138pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure139pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure139pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure13pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure13pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure140pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure140pdf.pdf){rel="external" type="application/pdf"}
- **figure1**
  - [figure1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure141pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure141pdf.pdf){rel="external" type="application/pdf"}
- **figure1.41**
  - [figure1.41 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure142pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1.41 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure142pdf.pdf){rel="external" type="application/pdf"}
- **figure1.42**
  - [figure1.42 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure143pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1.42 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure143pdf.pdf){rel="external" type="application/pdf"}
- **figure1.43**
  - [figure1.43 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure144pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1.43 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure144pdf.pdf){rel="external" type="application/pdf"}
- **figure1.44**
  - [figure1.44 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure145pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1.44 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure145pdf.pdf){rel="external" type="application/pdf"}
- **figure1.42**
  - [figure1.42 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure146pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1.42 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure146pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure147pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure147pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure14pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure14pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure15pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure15pdf.pdf){rel="external" type="application/pdf"}
- **figure1.41**
  - [figure1.41 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure16pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1.41 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure16pdf.pdf){rel="external" type="application/pdf"}
- **figure1.41**
  - [figure1.41 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure17pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1.41 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure17pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure18pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure18pdf.pdf){rel="external" type="application/pdf"}
- **figure1_9**
  - [figure1_9 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure19pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure1_9 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c1/_figure19pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure22apdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure22apdf.pdf){rel="external" type="application/pdf"}
- **Selected Three-Month Spreads**
  - [Selected Three-Month Spreads (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure22bpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Selected Three-Month Spreads (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure22bpdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure22cpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure22cpdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure23apdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure23apdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure23bpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure23bpdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure24pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_boxfigure24pdf.pdf){rel="external" type="application/pdf"}
- **figure2_10**
  - [figure2_10 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure210pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure2_10 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure210pdf.pdf){rel="external" type="application/pdf"}
- **figure2_11**
  - [figure2_11 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure211pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure2_11 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure211pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure212pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure212pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure213pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure213pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure214pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure214pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure215pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure215pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure21pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure21pdf.pdf){rel="external" type="application/pdf"}
- **Figure 2.2. Spread Between Three-Month Uncollateralized Interbank Rates and Overnight Index Swaps**
  - [Figure 2.2. Spread Between Three-Month Uncollateralized Interbank Rates and Overnight Index Swaps (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure22pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Figure 2.2. Spread Between Three-Month Uncollateralized Interbank Rates and Overnight Index Swaps (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure22pdf.pdf){rel="external" type="application/pdf"}
- **Figure23pdf**
  - [Figure23pdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure23pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Figure23pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure23pdf.pdf){rel="external" type="application/pdf"}
- **Figure 2.4. Three-Month Forex Swap Spreads**
  - [Figure 2.4. Three-Month Forex Swap Spreads (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure24pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Figure 2.4. Three-Month Forex Swap Spreads (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure24pdf.pdf){rel="external" type="application/pdf"}
- **figure2_5**
  - [figure2_5 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure25pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure2_5 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure25pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure26pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure26pdf.pdf){rel="external" type="application/pdf"}
- **_figure27pdf**
  - [_figure27pdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure27pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [_figure27pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure27pdf.pdf){rel="external" type="application/pdf"}
- **_figure28pdf**
  - [_figure28pdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure28pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [_figure28pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure28pdf.pdf){rel="external" type="application/pdf"}
- **Figure 2.9. Euro Area: Selected Interest Rate Spreads**
  - [Figure 2.9. Euro Area: Selected Interest Rate Spreads (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure29pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Figure 2.9. Euro Area: Selected Interest Rate Spreads (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c2/_figure29pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c3/_figure31pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c3/_figure31pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c3/_figure32pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [template (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c3/_figure32pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c3/_figure33pdf.pdf.md){rel="alternate" type="text/markdown"}
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **template**
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- **_figure44pdf**
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- **_figure45pdf**
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- **_figure46pdf**
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  - [_figure46pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c4/_figure46pdf.pdf){rel="external" type="application/pdf"}
- **Figure 4.7. Total Foreign Holdings of Equity**
  - [Figure 4.7. Total Foreign Holdings of Equity (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c4/_figure47pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Figure 4.7. Total Foreign Holdings of Equity (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c4/_figure47pdf.pdf){rel="external" type="application/pdf"}
- **template**
  - [template (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/c4/_figure48pdf.pdf.md){rel="alternate" type="text/markdown"}
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- **template**
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- **Global Financial Stability Report -- Annex: Summing up by the Acting Chair --  October 2008**
  - [Global Financial Stability Report -- Annex: Summing up by the Acting Chair --  October 2008 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_annexpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Financial Stability Report -- Annex: Summing up by the Acting Chair --  October 2008 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_annexpdf.pdf){rel="external" type="application/pdf"}
- **Chapter 1: — Assessing Risks to Global Financial Stability**
  - [Chapter 1: — Assessing Risks to Global Financial Stability (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_chap1pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Chapter 1: — Assessing Risks to Global Financial Stability (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_chap1pdf.pdf){rel="external" type="application/pdf"}
- **chapter 2 — StreSS In Bank FundIng MarketS and IMplIcatIonS For Monetary polIcy**
  - [chapter 2 — StreSS In Bank FundIng MarketS and IMplIcatIonS For Monetary polIcy (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_chap2pdf.pdf.md){rel="alternate" type="text/markdown"}
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- **chaPter 3     Fair Value accounting and Procyclicality**
  - [chaPter 3     Fair Value accounting and Procyclicality (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_chap3pdf.pdf.md){rel="alternate" type="text/markdown"}
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- **Chapter 4     SpilloverS to emerging equity marketS**
  - [Chapter 4     SpilloverS to emerging equity marketS (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_chap4pdf.pdf.md){rel="alternate" type="text/markdown"}
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- **Glossary**
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  - [Glossary (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_glossarypdf.pdf){rel="external" type="application/pdf"}
- **Preface**
  - [Preface (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_prefacepdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Preface (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_prefacepdf.pdf){rel="external" type="application/pdf"}
- **Statappxpdf**
  - [Statappxpdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_statappxpdf.pdf.md){rel="alternate" type="text/markdown"}
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- **_summarypdf**
  - [_summarypdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_summarypdf.pdf.md){rel="alternate" type="text/markdown"}
  - [_summarypdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_summarypdf.pdf){rel="external" type="application/pdf"}
- **_textpdf — Global Financial Stability Report**
  - [_textpdf — Global Financial Stability Report (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/pdf/_textpdf.pdf.md){rel="alternate" type="text/markdown"}
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- **SAFigure10**
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- **SAFigure11**
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- **SAFigure12**
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  - [SAFigure12 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure12pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure13**
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- **SAFigure14**
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- **SAFigure15**
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- **SAFigure16**
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  - [SAFigure16 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure16pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure3**
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  - [SAFigure3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure1pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure2**
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  - [SAFigure2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure2pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure3**
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  - [SAFigure3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure3pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure4**
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  - [SAFigure4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure4pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure5**
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  - [SAFigure5 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure5pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure6**
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  - [SAFigure6 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure6pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure7**
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  - [SAFigure7 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure7pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure8**
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  - [SAFigure8 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure8pdf.pdf){rel="external" type="application/pdf"}
- **SAFigure9**
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  - [SAFigure9 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2008/02/sa/_safigure9pdf.pdf){rel="external" type="application/pdf"}
- **Доклад по вопросам глобальной финансовой стабильности:  аналитическое резюме -- Октябрь 2008 года**
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- **Informe sobre la Estabilidad Financiera Mundial, Octubre 2008 - Resumen Ejecutivo**
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---

## References

- [Transcript](http://www.imf.org/external/np/tr/2008/tr081007.htm)
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_Source: https://www.imf.org/en/publications/gfsr/issues/2016/12/31/financial-stress-and-deleveraging-macro-financial-implications-and-policy_
