{
  "title": "Global Financial Stability Report, April 2008: Containing Systemic Risks and Restoring Financial Soundness",
  "publication": "Global Financial Stability Report, April 8, 2008",
  "sourceUrl": "https://www.imf.org/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-april-2008-containing-systemic-risks-and-restoring-21707",
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  "summary": "The events of the past six months have demonstrated the fragility of the global financial system and raised fundamental questions about the effectiveness of the response by private and public sector institutions.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The events of the past six months have demonstrated the fragility of the global financial system and raised fundamental questions about the effectiveness of the response by private and public sector institutions.\n- The report assesses the vulnerabilities that the system is facing and offers tentative conclusions and policy lessons.\n- The report reflects information available up to March 21, 2008.\n- Publication date: April 8, 2008."
    },
    {
      "heading": "Key findings and analysis",
      "content": "- The global financial system exhibited pronounced fragility over the six months preceding the report.\n- The report assesses system vulnerabilities and offers tentative conclusions and policy lessons (specific lessons and conclusions are detailed in the full report).\n- Emphasis on containment of systemic risks and restoration of financial soundness through actions by private and public sector institutions."
    },
    {
      "heading": "Subjects covered",
      "content": "- Asset and liability management\n- Banking\n- CDOs\n- Credit\n- Emerging and frontier financial markets\n- Financial institutions\n- Financial markets\n- Financial regulation and supervision\n- Liquidity\n- Liquidity risk\n- Loans\n- Money"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- Africa, asset, Baltics, bank, carry trade, CDOs, central bank activism, commercial paper, Credit, credit market, director, Emerging and frontier financial markets, emerging market bond Index, Europe, fair value, funding market, GFSR, Global, Liquidity, Liquidity risk, Loans, market, market functioning, market liquidity, Middle East, Middle East and Central Asia, mortgage-backed security, security, subprime mortgage, U.S. dollar\n\n---\n\n Content in this bundle\n\n- text\n  - text (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - text (PDF){rel=\"external\" type=\"application/pdf\"}\n- 2008年4月《全球金融稳定报告》- 控制系统性风险和恢复金融稳健\n  - 2008年4月《全球金融稳定报告》- 控制系统性风险和恢复金融稳健 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 2008年4月《全球金融稳定报告》- 控制系统性风险和恢复金融稳健 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- https://www.imf.org/en/publications/gfsr\n- United States and the IMF\n- Explore\n- Subscribe\n- More Formats on IMF eLibrary\n- Order a Print Copy\n- Asset and liability management\n- Banking\n- CDOs\n- Credit\n- Emerging and frontier financial markets\n- Financial institutions\n- Financial markets\n- Financial regulation and supervision\n- Liquidity\n- Liquidity risk\n- Loans\n- Money\n- Enhancing Tax Capacity: Revenue Gains from Strengthening Tax Administration\nOctober 24, 2025\n- The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition\nOctober 16, 2025\n- Mauritius: Technical Assistance Report-Report on the National Accounts and Balance of Payments Mission (March 24–28, 2025)\nOctober 10, 2025\n- A Stocktaking of The Current International Architecture for Resolving Sovereign Debt Involving Private Sector Creditors\nOctober 07, 2025\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-april-2008-containing-systemic-risks-and-restoring-21707"
    }
  ],
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    "[Markdown version](/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-april-2008-containing-systemic-risks-and-restoring-21707/index.md)",
    "[Structured JSON version](/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-april-2008-containing-systemic-risks-and-restoring-21707/index.json)",
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    "Published: April 8, 2008",
    "Series: Global Financial Stability Report",
    "DOI: https://doi.org/10.5089/9781589067202.082",
    "The events of the past six months have demonstrated the fragility of the global financial system and raised fundamental questions about the effectiveness of the response by private and public sector institutions.",
    "The report assesses the vulnerabilities that the system is facing and offers tentative conclusions and policy lessons.",
    "The report reflects information available up to March 21, 2008.",
    "Publication date: April 8, 2008.",
    "The global financial system exhibited pronounced fragility over the six months preceding the report.",
    "The report assesses system vulnerabilities and offers tentative conclusions and policy lessons (specific lessons and conclusions are detailed in the full report).",
    "Emphasis on containment of systemic risks and restoration of financial soundness through actions by private and public sector institutions.",
    "Asset and liability management",
    "Banking",
    "CDOs",
    "Credit",
    "Emerging and frontier financial markets",
    "Financial institutions",
    "Financial markets",
    "Financial regulation and supervision",
    "Liquidity",
    "Liquidity risk",
    "Loans",
    "Money",
    "Africa, asset, Baltics, bank, carry trade, CDOs, central bank activism, commercial paper, Credit, credit market, director, Emerging and frontier financial markets, emerging market bond Index, Europe, fair value, funding market, GFSR, Global, Liquidity, Liquidity risk, Loans, market, market functioning, market liquidity, Middle East, Middle East and Central Asia, mortgage-backed security, security, subprime mortgage, U.S. dollar",
    "**_text**",
    "**2008年4月《全球金融稳定报告》- 控制系统性风险和恢复金融稳健**",
    "[https://www.imf.org/en/publications/gfsr](https://www.imf.org/en/publications/gfsr)",
    "[United States and the IMF](http://www.imf.org/external/country/USA/index.htm)",
    "[Explore](https://www.elibrary.imf.org/)",
    "[Subscribe](https://www.imf.org/en/Publications/Newsletter/registration)",
    "[More Formats on IMF eLibrary](https://elibrary.imf.org/display/book/9781589067202/9781589067202.xml?cid=lk-com-dsp-imf.org)",
    "[Order a Print Copy](https://www.bookstore.imf.org/cart?isbn=9781589067202)",
    "[Asset and liability management](https://www.imf.org/en/publications/publications-by-subject?subject=Asset+and+liability+management)",
    "[Banking](https://www.imf.org/en/publications/publications-by-subject?subject=Banking)",
    "[CDOs](https://www.imf.org/en/publications/publications-by-subject?subject=CDOs)",
    "[Credit](https://www.imf.org/en/publications/publications-by-subject?subject=Credit)",
    "[Emerging and frontier financial markets](https://www.imf.org/en/publications/publications-by-subject?subject=Emerging+and+frontier+financial+markets)",
    "[Financial institutions](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+institutions)",
    "[Financial markets](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+markets)",
    "[Financial regulation and supervision](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+regulation+and+supervision)",
    "[Liquidity](https://www.imf.org/en/publications/publications-by-subject?subject=Liquidity)",
    "[Liquidity risk](https://www.imf.org/en/publications/publications-by-subject?subject=Liquidity+risk)",
    "[Loans](https://www.imf.org/en/publications/publications-by-subject?subject=Loans)",
    "[Money](https://www.imf.org/en/publications/publications-by-subject?subject=Money)",
    "[Enhancing Tax Capacity: Revenue Gains from Strengthening Tax Administration",
    "[The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition",
    "[Mauritius: Technical Assistance Report-Report on the National Accounts and Balance of Payments Mission (March 24–28, 2025)",
    "[A Stocktaking of The Current International Architecture for Resolving Sovereign Debt Involving Private Sector Creditors"
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