## Global Financial Stability Report, September 2005: Market Developments and Issues

_Global Financial Stability Report, September 30, 2005_

## Source details

**Canonical URL:** [Global Financial Stability Report, September 2005: Market Developments and Issues](https://www.imf.org/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-september-2005-market-developments-and-issues-19200)

## Other formats

- [Markdown version](/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-september-2005-market-developments-and-issues-19200/index.md)
- [Structured JSON version](/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-september-2005-market-developments-and-issues-19200/index.json)
- [Bundle manifest](/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-september-2005-market-developments-and-issues-19200/bundle-manifest.json)

## Bibliographic details
- Published: September 30, 2005
- Series: Global Financial Stability Report
- DOI: https://doi.org/10.5089/9781451969511.082

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### Overview and purpose
- Presents an assessment of the shift in market risks to the household sector resulting from changes in the behavior of financial institutions and from pension reform.
- Focuses on household saving and asset allocation behavior and analyzes how such behavior may be affected by changes to household risk profiles.
- Examines the products and services that the financial industry has developed, or may need to develop, to help households meet these new challenges.
- Discusses possible public policy initiatives on the promotion of a broader range of payout instruments and structures.

### Key findings and themes
- Shift in market risks to households driven by:
  - Changes in behavior of financial institutions.
  - Pension reform.
- Household behavior examined:
  - Saving patterns.
  - Asset allocation decisions.
  - Responses to changing household risk profiles.
- Financial industry responses analyzed:
  - Existing products and services developed for households.
  - Potential new products and services needed to address risk-transfer and payout needs.
- Public policy considerations:
  - Promotion of a broader range of payout instruments and structures to address household vulnerabilities and longevity risk.

### Subject areas and keywords
- Subject: Education, Expenditure, Financial institutions, Insurance, Labor, Mortgages, Pension spending, Pensions
- Keywords: Europe, GFSR, Global, home equity, Insurance, investment product, longevity risk, market assets, mortgage market, Mortgages, Pension spending, Pensions, private industry, risk profile

---


## References

- [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)
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- [Education](https://www.imf.org/en/publications/publications-by-subject?subject=Education)
- [Expenditure](https://www.imf.org/en/publications/publications-by-subject?subject=Expenditure)
- [Financial institutions](https://www.imf.org/en/publications/publications-by-subject?subject=Financial+institutions)
- [Insurance](https://www.imf.org/en/publications/publications-by-subject?subject=Insurance)
- [Labor](https://www.imf.org/en/publications/publications-by-subject?subject=Labor)
- [Mortgages](https://www.imf.org/en/publications/publications-by-subject?subject=Mortgages)
- [Pension spending](https://www.imf.org/en/publications/publications-by-subject?subject=Pension+spending)
- [Pensions](https://www.imf.org/en/publications/publications-by-subject?subject=Pensions)
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October 14, 2025](https://www.imf.org/en/publications/selected-issues-papers/issues/2025/10/14/unleashing-private-sector-job-creation-challenges-and-opportunities-for-lesotho-571227)
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October 13, 2025](https://www.imf.org/en/publications/selected-issues-papers/issues/2025/10/10/potential-growth-and-migration-republic-of-lithuania-571144)

_Source: https://www.imf.org/en/publications/gfsr/issues/2016/12/31/global-financial-stability-report-september-2005-market-developments-and-issues-19200_