## Global Financial Stability Report: Market Developments and Issues, December 2002--Contents

_Global Financial Stability Report, December 12, 2002_

## Source details

**Canonical URL:** [Global Financial Stability Report: Market Developments and Issues, December 2002--Contents](https://www.imf.org/en/publications/gfsr/issues/2016/12/31/market-developments-and-issues8)

## Other formats

- [Markdown version](/en/publications/gfsr/issues/2016/12/31/market-developments-and-issues8/index.md)
- [Structured JSON version](/en/publications/gfsr/issues/2016/12/31/market-developments-and-issues8/index.json)
- [Bundle manifest](/en/publications/gfsr/issues/2016/12/31/market-developments-and-issues8/bundle-manifest.json)

## Bibliographic details
- Published: December 12, 2002
- Series: Global Financial Stability Report

---

### Report scope and timing
- Fourth issue of the Global Financial Stability Report, a quarterly publication launched in March 2002 to provide a regular assessment of global financial markets and to identify potential systemic weaknesses that could lead to crises.
- This report reflects mostly information available up to November 4, 2002.
- The Global Financial Stability Report provides quarterly assessments of global financial markets and addresses emerging market financing in a global context.

### Access and formats
- English: Read More
- Use the free Adobe Acrobat Reader to view all chapters.
- Chapter file sizes and formats as listed:
  - Chapter I. Overview: Key Developments and Sources of Financial Market Risks (366KB pdf file)
  - Chapter II. Key Developments and Sources of Financial Risk in the Major Financial Centers (306KB pdf file)
  - Chapter III. Emerging Market Developments and Finance (470KB pdf file)
  - Chapter IV. Selected topic: The Role of Financial Derivatives in Emerging Markets (289KB pdf file)

### Chapter I — Overview
- Sections:
  - Key Developments
  - Sources of Risk
  - Measures to Promote Financial Stability
  - Development of Local Securities Markets:
  - Emerging Derivatives Markets

### Chapter II — Major Financial Centers
- Focus:
  - The Capacity of Key Sectors to Intermediate and Bear Financial Risks
  - References

### Chapter III — Emerging Market Developments and Finance
- Sections:
  - Emerging Market Financing Overview
  - Emerging Bond Markets
  - Performance and Spread Developments
  - Regional Developments
  - Investor Positioning
  - Primary Bond Market Developments
  - Emerging Equity Markets
  - Syndicated Lending
  - Emerging Market Foreign Exchange
  - Key Risks to Emerging Market Finance

### Chapter IV — Selected topic: The Role of Financial Derivatives in Emerging Markets
- Sections:
  - Derivatives in Emerging Market Economies
  - Local Derivatives Markets and Capital Flows to Emerging Market Economies
  - The Role of Derivatives in Emerging Market Crises
  - Concluding Remarks

### Boxes (selected)
- 3.1 Risk Retrenchment and Risk Indicators
- 3.2 Local Debt Structure and Vulnerability to Volatile Debt Dynamics
- 3.3 Recovery Rates from Defaulted Debt
- 3.4 Collective Action Clauses
- 3.5 Emerging Market Bond Developments Since the End of September
- 4.1 The Bolsa de Mercadorias & Futuros of Sao Paulo
- 4.2 Credit Default Swap Spreads in Emerging Markets

### Tables (selected)
- 1.1 Financial Market Data
- 2.1 United States: Sectoral Balance Sheets
- 2.2 Europe: Sectoral Balance Sheets 19
- 2.3 Europe: Selected Financial Indicators for the 20 Largest Banking Groups, 2001
- 2.4 Japan: Sectoral Balance Sheets
- EMBI+ Performance, 2002
- Equity Market Performance, 2002
- Sector and Country Performance
- Notional Amounts Outstanding of the Over-the-Counter and Exchange-Traded Derivatives
- Average Daily Turnover in the Over-the-Counter Derivatives Markets
- 4.3 Exchange-Traded Options and Futures Contract Trading Volume, 2001

### Figures (selected)
- Stock Prices in Selected Major Industrial Countries
- United States, Euro Area, and Japan: Nonfinancial Corporate Credit Spreads
- Historical Volatility: Major Stock Market Indexes
- Currency Derivatives
- 2.5 United States: Debt Outstanding by Sector
- 2.6 U.S. and European Banking Systems: Return on Equity
- Emerging Market Financing
- Cumulative Gross Annual Issuance of Bonds, Loans, and Equity
- Sovereign Spreads
- EMBI+ Volatility
- Average Correlation of Emerging Debt Markets
- Country- and market-specific figures including Brazil, Korea, Kospi, and various currency volatility charts

*Source: Global Financial Stability Report: Market Developments and Issues, December 2002 -- Contents*

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## Content in this bundle

- **Global Financial Stability Report--Market Developments and Issues-December 2002**
  - [Global Financial Stability Report--Market Developments and Issues-December 2002 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2002/04/pdf/_chp1pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Financial Stability Report--Market Developments and Issues-December 2002 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2002/04/pdf/_chp1pdf.pdf){rel="external" type="application/pdf"}
- **Global Financial Stability Report--Market Developments and Issues-December 2002**
  - [Global Financial Stability Report--Market Developments and Issues-December 2002 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2002/04/pdf/_chp2pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Financial Stability Report--Market Developments and Issues-December 2002 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2002/04/pdf/_chp2pdf.pdf){rel="external" type="application/pdf"}
- **Global Financial Stability Report--Market Developments and Issues-December 2002**
  - [Global Financial Stability Report--Market Developments and Issues-December 2002 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2002/04/pdf/_chp3pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Financial Stability Report--Market Developments and Issues-December 2002 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2002/04/pdf/_chp3pdf.pdf){rel="external" type="application/pdf"}
- **Global Financial Stability Report--Market Developments and Issues-December 2002**
  - [Global Financial Stability Report--Market Developments and Issues-December 2002 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2002/04/pdf/_chp4pdf.pdf){rel="external" type="application/pdf"}

---

## References

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_Source: https://www.imf.org/en/publications/gfsr/issues/2016/12/31/market-developments-and-issues8_