{
  "title": "Global Financial Stability Report, October 2012: Summary version",
  "publication": "Global Financial Stability Report, November 30, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-october-2012-summary-version-25846",
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  "summary": "The October 2012 Global Financial Stability Report (GFSR) finds increased risks to the global financial system, with the euro area crisis the principal source of concern, and urges policymakers to act now to restore confidence, reverse capital flight, and reintegrate the euro zone.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- The GFSR finds increased risks to the global financial system, with the euro area crisis the principal source of concern.\n- Progress on regulatory reforms has been limited.\n- Crisis intervention methods remain in use in a number of economies, delaying movement of the financial system onto a safer path.\n- Some structural features of financial systems are associated with better economic outcomes.\n- Financial buffers composed of high-quality capital and truly liquid assets tend to be associated with better economic performance."
    },
    {
      "heading": "Assessment of regulatory reforms",
      "content": "- Many reforms are in the early stages of implementation, which limits their current effectiveness.\n- Continued use of crisis intervention methods has the effect of postponing the transition to a safer financial system."
    },
    {
      "heading": "Policy recommendations / urgent actions urged",
      "content": "- Act now to restore confidence.\n- Reverse capital flight.\n- Reintegrate the euro zone."
    },
    {
      "heading": "Final chapter: financial structure and economic outcomes",
      "content": "- The report examines whether certain aspects of financial structure enhance economic outcomes.\n- Finding: financial buffers made up of high-quality capital and truly liquid assets tend to be associated with better economic performance.\n\nGlobal Financial Stability Report, October 2012: Summary version — November 30, 2012\n\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- Banking\n- Commercial banks\n- Credit\n- Economic sectors\n- Financial crises\n- Financial institutions\n- Financial sector\n- Foreign banks\n- Money\n- The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition\nOctober 16, 2025\n- Unleashing Private Sector Job Creation: Challenges and Opportunities for Lesotho\nOctober 14, 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-october-2012-summary-version-25846"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-october-2012-summary-version-25846/index.md)",
    "[Structured JSON version](/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-october-2012-summary-version-25846/index.json)",
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    "Published: November 30, 2012",
    "Series: Global Financial Stability Report",
    "DOI: https://doi.org/10.5089/9781616353902.082",
    "The GFSR finds increased risks to the global financial system, with the euro area crisis the principal source of concern.",
    "Progress on regulatory reforms has been limited.",
    "Crisis intervention methods remain in use in a number of economies, delaying movement of the financial system onto a safer path.",
    "Some structural features of financial systems are associated with better economic outcomes.",
    "Financial buffers composed of high-quality capital and truly liquid assets tend to be associated with better economic performance.",
    "Many reforms are in the early stages of implementation, which limits their current effectiveness.",
    "Continued use of crisis intervention methods has the effect of postponing the transition to a safer financial system.",
    "Act now to restore confidence.",
    "Reverse capital flight.",
    "Reintegrate the euro zone.",
    "The report examines whether certain aspects of financial structure enhance economic outcomes.",
    "Finding: financial buffers made up of high-quality capital and truly liquid assets tend to be associated with better economic performance.",
    "[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/9781616353902/9781616353902.xml?cid=lk-com-dsp-imf.org)",
    "[Order a Print Copy](https://www.bookstore.imf.org/cart?isbn=9781616353902)",
    "[Banking](https://www.imf.org/en/publications/publications-by-subject?subject=Banking)",
    "[Commercial banks](https://www.imf.org/en/publications/publications-by-subject?subject=Commercial+banks)",
    "[Credit](https://www.imf.org/en/publications/publications-by-subject?subject=Credit)",
    "[Economic sectors](https://www.imf.org/en/publications/publications-by-subject?subject=Economic+sectors)",
    "[Financial crises](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+crises)",
    "[Financial institutions](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+institutions)",
    "[Financial sector](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+sector)",
    "[Foreign banks](https://www.imf.org/en/publications/publications-by-subject?subject=Foreign+banks)",
    "[Money](https://www.imf.org/en/publications/publications-by-subject?subject=Money)",
    "[The Managing Director's Global Policy Agenda, Fall 2025: Navigating a World In Transition",
    "[Unleashing Private Sector Job Creation: Challenges and Opportunities for Lesotho",
    "[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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  "generatedAtUtc": "2026-09-03T21:32:21.907Z"
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