Global Financial Stability Report, April 2015: Navigating Monetary Policy Challenges and Managing Risks
Global Financial Stability Report, April 15, 2015
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Bibliographic details
- Published: April 15, 2015
- Series: Global Financial Stability Report
- DOI: https://doi.org/10.5089/9781498372930.082
Global outlook and systemic drivers
- Despite an improvement in economic prospects in some key advanced economies, new challenges to global financial stability have arisen.
- The global financial system is being buffeted by a series of changes, including lower oil prices and, in some cases, diverging growth patterns and monetary policies.
- Expectations for rising U.S. policy rates sparked a significant appreciation of the U.S. dollar.
- Long term bond yields in many advanced economies have decreased—and have turned negative for almost a third of euro area sovereign bonds—on disinflation concerns and the prospect of continued monetary accommodation.
- Emerging markets are affected heterogeneously:
- Some oil exporters and other emerging markets face new stability challenges.
- Others have gained more policy space as a result of lower fuel prices and reduced inflationary pressures.
Banking and cross-border finance
- The report examines changes in international banking since the global financial crisis.
- It finds that these changes are likely to promote more stable bank lending in host countries.
Asset management and financial stability risks
- The asset management industry needs to strengthen its oversight framework.
- Key risks identified:
- Incentive problems between end-investors and portfolio managers.
- Risk of runs due to liquidity mismatches.
Subjects and keywords (as listed)
- Subjects: Asset and liability management, Asset management, Bank credit, Banking, Emerging and frontier financial markets, Financial institutions, Financial markets, Financial sector policy and analysis, Financial sector stability, Foreign banks, Mutual funds
- Keywords include: Africa, Asia and Pacific, asset, Asset management, asset market, asset price dynamics, bank activity, bank assets, bank level, banking linkage, bond market, capital definition, Caribbean, central bank, crisis bank-capital-to-total-assets ratio, cross-border lending, debt ratio, economic risk, EMEA bank, Emerging and frontier financial markets, emerging market corporation, Europe, Financial sector stability, fixed-income market, Foreign banks, fund flow, funding cost, general-equilibrium asset price model, GFSR, Global, investment vehicle, liability structure, market, Middle East, Mutual funds, parent bank, private equity, productivity-enhancing investment, quantitative easing, share price, U.S. dollar
International Monetary Fund. Global Financial Stability Report, April 2015: Navigating Monetary Policy Challenges and Managing Risks.
Content in this bundle
- Global Financial Stability Report — Navigating Monetary Policy Challenges and Managing Risks
- ملخص واف لتقرير الاستقرار المالي العالمي - إبريل 2015
- 2015年4月《全球金融稳定报告》概要
- Rapport sur la stabilité financière dans le monde : résumé analytique; Avril 2015
- Аналитическое резюме -- Доклад по вопросам глобальной финансовой стабильности, апрель 2015 года
- Informe sobre la estabilidad financiera mundial - Resumen Ejecutivo; Abril 2015
References
- https://www.imf.org/en/publications/gfsr
- United States and the IMF
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- Asset and liability management
- Asset management
- Bank credit
- Banking
- Emerging and frontier financial markets
- Financial institutions
- Financial markets
- Financial sector policy and analysis
- Financial sector stability
- Foreign banks
- Mutual funds
- Link to Table of Contents
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