## IMF Global Financial Stability Report -- Meeting New Challenges to Stability and Building a Safer System -- April 2010; Contents

_Global Financial Stability Report, April 12, 2010_

## Source details

**Canonical URL:** [IMF Global Financial Stability Report -- Meeting New Challenges to Stability and Building a Safer System -- April 2010; Contents](https://www.imf.org/en/publications/gfsr/issues/2016/12/31/meeting-new-challenges-to-stability-and-building-a-safer-system)

## Other formats

- [Markdown version](/en/publications/gfsr/issues/2016/12/31/meeting-new-challenges-to-stability-and-building-a-safer-system/index.md)
- [Structured JSON version](/en/publications/gfsr/issues/2016/12/31/meeting-new-challenges-to-stability-and-building-a-safer-system/index.json)
- [Bundle manifest](/en/publications/gfsr/issues/2016/12/31/meeting-new-challenges-to-stability-and-building-a-safer-system/bundle-manifest.json)

## Bibliographic details
- Authors: international law, practice.
- Published: April 12, 2010
- Series: Global Financial Stability Report

---

### Report scope and purpose
- Semiannual assessments of global financial markets and emerging market financing in a global context.
- Full volume components noted on the page: Executive Summary (253KB pdf file), Preface (108K pdf file), Statistical Appendix (1428KB pdf file), and a downloadable full text reference: Download Full Text (6.2 kb).
- The site usage note: the term "country" may cover territorial entities that are not states; dependent territories are listed alphabetically with constitutional relationships.

### Chapter I — Resolving the Crisis Legacy and Meeting New Challenges to Financial Stability
- Major analytical sections:
  - A. How Has Global Financial Stability Changed?
  - B. Could Sovereign Risks Extend the Global Credit Crisis?
  - C. The Banking System: Legacy Problems and New Challenges
  - D. Risks to the Recovery in Credit
  - E. Assessing Capital Flows and Bubble Risks in the Post-Crisis Environment
  - F. Policy Implications
- Annexes and focused assessments:
  - Annex 1.1. Global Financial Stability Map: Construction and Methodology
  - Annex 1.2. Assessing Proposals to Ban “Naked Shorts” in Sovereign Credit Default Swaps
  - Annex 1.3. Assessment of the Spanish Banking System
  - Annex 1.4. Assessment of the German Banking System
  - Annex 1.5. United States: How Different Are “Too-Important-to-Fail” U.S. Bank Holding Companies?
  - Annex 1.6. Analyzing Nonperforming Loans in Central and Eastern Europe Based on Historical Experience in Emerging Markets
  - Annex 1.7. Credit Demand and Capacity Estimates in the United States, Euro Area, and United Kingdom
  - Annex 1.8. The Effects of Large-Scale Asset Purchase Programs
  - Annex 1.9. Methodologies Underlying Assessment of Bubble Risks
  - Annex 1.10. Euro Zone Sovereign Spreads: Global Risk Aversion, Spillovers, or Fundamentals?
- Supporting elements: Full Text | Video | Boxes | Figures | Tables | Press Points
- Relevant boxes include: 1.1 through 1.7 (detailed topics such as swap spreads, nonperforming loans, residential real estate, “too-important-to-fail,” and loan-loss estimation for Spain and Germany).

### Chapter II — Systemic Risk and the Redesign of Financial Regulation
- Major analytical subsections:
  - Implementing Systemic-Risk-Based Capital Surcharges
  - Reforming Financial Regulatory Architecture Taking into Account Systemic Connectedness
  - Policy Reflections
- Annex: Annex 2.1. Highlights of Model Specification
- Supporting elements: Full Text | Video | Press Points
- Boxes include: 2.1 through 2.5 covering prudential proposals, systemic-importance assessment, aggregate loss distribution computation, regulatory architecture proposals, and contingent capital.

### Chapter III — Making Over-the-Counter Derivatives Safer: The Role of Central Counterparties
- Major analytical subsections:
  - The Basics of Counterparty Risk and Central Counterparties
  - The Case for Over-the Counter Derivative Central Clearing
  - Incentivizing Central Counterparty Participation and the Role of End-Users
  - Criteria for Structuring and Regulating a Sound Central Counterparty
  - How Should Central Counterparties Be Regulated and Overseen?
  - One versus Multiple Central Counterparties?
  - Conclusions and Policy Recommendations
- Supporting elements: Full Text | Video | Figures | Press Points
- Boxes include: 3.1 through 3.7 (mechanics of clearing, novation and netting, Lehman and AIG cases, portability and collateral segregation, CCP failure history, regulatory landscapes, legal aspects of interlinking and cross-margining).

### Chapter IV — Global Liquidity Expansion: Effects on “Receiving” Economies and Policy Response Options
- Major analytical subsections:
  - Overview of the 2007–09 Global Liquidity Expansion
  - Effects of the Global Liquidity Expansion on the Liquidity-Receiving Economies
  - Policy Response Options for Liquidity-Receiving Economies
  - Effectiveness of Capital Controls
  - Conclusions
- Annexes and case material:
  - Annex 4.1. Econometric Study on Liquidity Expansion: Data, Methodology, and Detailed Results
  - Annex 4.2a. Global Liquidity Expansion—Capital-Account-Related Measures Applied in Selected Liquidity-Receiving Economies
  - Annex 4.2b. Global Liquidity Expansion—Policy Responses Affecting the Capital Account in Selected Liquidity-Receiving Economies
  - Annex 4.3. Country Case Studies
- Supporting elements: Full Text | Video | Press Points
- Boxes include: 4.1 through 4.6 (liquidity transmission, capital controls versus prudential measures, inflows vs outflows, reserve requirements, event study results, market participant views).

### Statistical and analytical resources included in the volume
- Statistical Appendix (1428KB pdf file) with dedicated sections:
  - Key Financial Centers: Figures | Tables
  - Emerging Markets: Figures | Tables
  - Financial Soundness Indicators: Tables
- Extensive tables and data series listed, including but not limited to:
  - Sovereign Market and Vulnerability Indicators
  - Estimates of Global Bank Writedowns by Domicile, 2007–10
  - Aggregate Bank Capital Positions
  - Projections of Credit Capacity for and Demand from the Nonfinancial Sector
  - Global Over-the-Counter Derivatives Markets: Notional Amounts and Gross Market Values of Outstanding Contracts
  - Sectoral Balance Sheets for United States, Japan, Europe
- Figures and charts enumerated (examples): Global Financial Stability Map; Sovereign Debt to GDP in the G-7; Contributions to Five-Year Sovereign Credit Default Swap Spreads; The Four Stages of the Crisis; Net Notional Credit Default Swaps Outstanding as a Share of Total Government Debt; Bank Credit to the Private Sector; Global Liquidity; Change of Central Bank Policy Rates.
- Specific figure and table identifiers are provided throughout the contents (for example, Figures 1.15–1.52, 1.36–1.38, 2.7–2.8, 3.x, 4.8, 4.9, Statistical Appendix tables 1–27).

### Policy analysis, recommendations, and tools signposted by the contents
- Systemic-risk-based capital surcharges and methodologies for their computation and calibration.
- Proposals for regulatory architecture reform that account for systemic connectedness and cross-jurisdictional oversight.
- Policy recommendations for OTC derivatives central clearing: structuring, regulation, oversight, and incentives for participation.
- Policy response options for liquidity-receiving economies, including capital-account measures, prudential tools, reserve requirements, and evaluation of capital controls’ effectiveness.
- Annexed empirical and model-based studies to support policy design: econometric analysis of liquidity expansion, simulation of systemic risk capital surcharges, loss-estimation methodologies, and country-specific banking-system assessments.

*IMF Global Financial Stability Report -- Meeting New Challenges to Stability and Building a Safer System -- April 2010*

---

## Content in this bundle

- **Figure 1.1. Global Financial Stability Map**
  - [Figure 1.1. Global Financial Stability Map (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_1.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.1. Global Financial Stability Map (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_1.csv){rel="external" type="application/octet-stream"}
- **Figure 1.10. Regional Spillovers from Western Europe to Emerging Markets**
  - [Figure 1.10. Regional Spillovers from Western Europe to Emerging Markets (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_10.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.10. Regional Spillovers from Western Europe to Emerging Markets (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_10.csv){rel="external" type="application/octet-stream"}
- **Figure1 11**
  - [Figure1 11 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_11.csv.md){rel="alternate" type="text/markdown"}
  - [Figure1 11 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_11.csv){rel="external" type="application/octet-stream"}
- **Figure 1.1. U.S. Bank Loan Charge-Off Rates**
  - [Figure 1.1. U.S. Bank Loan Charge-Off Rates (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_12.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.1. U.S. Bank Loan Charge-Off Rates (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_12.csv){rel="external" type="application/octet-stream"}
- **Figure 1.13. Global Securities Prices**
  - [Figure 1.13. Global Securities Prices (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_13.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.13. Global Securities Prices (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_13.csv){rel="external" type="application/octet-stream"}
- **Figure 1.14. U.S. Mortgage Market**
  - [Figure 1.14. U.S. Mortgage Market (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_14.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.14. U.S. Mortgage Market (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_14.csv){rel="external" type="application/octet-stream"}
- **Figure 1.15. Banks' Pricing Power - Actual and Forecast**
  - [Figure 1.15. Banks' Pricing Power - Actual and Forecast (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_15.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.15. Banks' Pricing Power - Actual and Forecast (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_15.csv){rel="external" type="application/octet-stream"}
- **Figure 1.16. Bank Debt Rollover by Maturity Debt**
  - [Figure 1.16. Bank Debt Rollover by Maturity Debt (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_16.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.16. Bank Debt Rollover by Maturity Debt (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_16.csv){rel="external" type="application/octet-stream"}
- **Figure1 17**
  - [Figure1 17 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_17.csv.md){rel="alternate" type="text/markdown"}
  - [Figure1 17 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_17.csv){rel="external" type="application/octet-stream"}
- **Figure 1.18. Euro Area Banking Profitability**
  - [Figure 1.18. Euro Area Banking Profitability (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_18.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.18. Euro Area Banking Profitability (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_18.csv){rel="external" type="application/octet-stream"}
- **Figure 1.19. Net ECB Liquidyt Provision and CDS Spreads**
  - [Figure 1.19. Net ECB Liquidyt Provision and CDS Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_19.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.19. Net ECB Liquidyt Provision and CDS Spreads (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_19.csv){rel="external" type="application/octet-stream"}
- **Figure 1.2. Macroeconomic Risks in the Global Financial Stability Map**
  - [Figure 1.2. Macroeconomic Risks in the Global Financial Stability Map (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_2.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.2. Macroeconomic Risks in the Global Financial Stability Map (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_2.csv){rel="external" type="application/octet-stream"}
- **figure1_20 — Bank Credit to the Private Sector**
  - [figure1_20 — Bank Credit to the Private Sector (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_20.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_20 — Bank Credit to the Private Sector (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_20.csv){rel="external" type="application/octet-stream"}
- **Figure 1.21. Bank Return on Equity and Percentage of Unprofitable Banks, 2008**
  - [Figure 1.21. Bank Return on Equity and Percentage of Unprofitable Banks, 2008 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_21.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.21. Bank Return on Equity and Percentage of Unprofitable Banks, 2008 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_21.csv){rel="external" type="application/octet-stream"}
- **Figure 1.22. Banking System Profitability Indicators**
  - [Figure 1.22. Banking System Profitability Indicators (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_22.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.22. Banking System Profitability Indicators (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_22.csv){rel="external" type="application/octet-stream"}
- **Figure 1.23. Real Nonfinancial Private Sector Credit Growth in the United States**
  - [Figure 1.23. Real Nonfinancial Private Sector Credit Growth in the United States (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_23.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.23. Real Nonfinancial Private Sector Credit Growth in the United States (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_23.csv){rel="external" type="application/octet-stream"}
- **Figure1 24**
  - [Figure1 24 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_24.csv.md){rel="alternate" type="text/markdown"}
  - [Figure1 24 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_24.csv){rel="external" type="application/octet-stream"}
- **Figure 1.25. Contributions to Growth in Credit to Nonfinancial Private Sector Credit Growth**
  - [Figure 1.25. Contributions to Growth in Credit to Nonfinancial Private Sector Credit Growth (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_25.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.25. Contributions to Growth in Credit to Nonfinancial Private Sector Credit Growth (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_25.csv){rel="external" type="application/octet-stream"}
- **Figure 1.26. Nonfinancial Pricate Sector Credit Growth**
  - [Figure 1.26. Nonfinancial Pricate Sector Credit Growth (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_26.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.26. Nonfinancial Pricate Sector Credit Growth (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_26.csv){rel="external" type="application/octet-stream"}
- **Figure 1.27. Total Net Borrowing Needs of the Sovereign Sector**
  - [Figure 1.27. Total Net Borrowing Needs of the Sovereign Sector (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_27.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.27. Total Net Borrowing Needs of the Sovereign Sector (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_27.csv){rel="external" type="application/octet-stream"}
- **Figure 1.28. Credit to GDP**
  - [Figure 1.28. Credit to GDP (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_28.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.28. Credit to GDP (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_28.csv){rel="external" type="application/octet-stream"}
- **Figure 1.29. Low Short-Term Interest Rates are Driving Investors Out of Cash**
  - [Figure 1.29. Low Short-Term Interest Rates are Driving Investors Out of Cash (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_29.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.29. Low Short-Term Interest Rates are Driving Investors Out of Cash (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_29.csv){rel="external" type="application/octet-stream"}
- **Figure 1.3. The Crisis Remains in Some Markets as Others Return to Stability**
  - [Figure 1.3. The Crisis Remains in Some Markets as Others Return to Stability (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.3. The Crisis Remains in Some Markets as Others Return to Stability (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_3.csv){rel="external" type="application/octet-stream"}
- **Figure1 30**
  - [Figure1 30 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_30.csv.md){rel="alternate" type="text/markdown"}
  - [Figure1 30 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_30.csv){rel="external" type="application/octet-stream"}
- **Figure 1.31. Cumulative Retail Net Flows to Equity and Debt Funds**
  - [Figure 1.31. Cumulative Retail Net Flows to Equity and Debt Funds (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_31.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.31. Cumulative Retail Net Flows to Equity and Debt Funds (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_31.csv){rel="external" type="application/octet-stream"}
- **Figure 1.32. Refinancing Needs for Emerging Market and Other Advanced Economies Remain Significant**
  - [Figure 1.32. Refinancing Needs for Emerging Market and Other Advanced Economies Remain Significant (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_32.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.32. Refinancing Needs for Emerging Market and Other Advanced Economies Remain Significant (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_32.csv){rel="external" type="application/octet-stream"}
- **Figure 1.33. Emerging Market Real Equity Prices: Historical Corrections**
  - [Figure 1.33. Emerging Market Real Equity Prices: Historical Corrections (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_33.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.33. Emerging Market Real Equity Prices: Historical Corrections (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_33.csv){rel="external" type="application/octet-stream"}
- **figure1_34**
  - [figure1_34 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_34.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_34 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_34.csv){rel="external" type="application/octet-stream"}
- **Figure1 35**
  - [Figure1 35 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_35.csv.md){rel="alternate" type="text/markdown"}
  - [Figure1 35 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_35.csv){rel="external" type="application/octet-stream"}
- **Figure 1.36. All Risks to Global Financial Stability and its Underlying Conditions Have Improved**
  - [Figure 1.36. All Risks to Global Financial Stability and its Underlying Conditions Have Improved (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_36.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.36. All Risks to Global Financial Stability and its Underlying Conditions Have Improved (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_36.csv){rel="external" type="application/octet-stream"}
- **Figure 1.37. Evolution of the Global Financial Stability Map 2007-09**
  - [Figure 1.37. Evolution of the Global Financial Stability Map 2007-09 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_37.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.37. Evolution of the Global Financial Stability Map 2007-09 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_37.csv){rel="external" type="application/octet-stream"}
- **Figure 1.38. Net Notional CDS Outstanding as a Share of Total Government Debt**
  - [Figure 1.38. Net Notional CDS Outstanding as a Share of Total Government Debt (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_38.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.38. Net Notional CDS Outstanding as a Share of Total Government Debt (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_38.csv){rel="external" type="application/octet-stream"}
- **Figure 1.39. Correlation of Daily Changes in Five-Year Greek CDS and Bond Yield Spreads**
  - [Figure 1.39. Correlation of Daily Changes in Five-Year Greek CDS and Bond Yield Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_39.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.39. Correlation of Daily Changes in Five-Year Greek CDS and Bond Yield Spreads (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_39.csv){rel="external" type="application/octet-stream"}
- **Figure 1.4. Sovereign Debt to GDP in the G-7**
  - [Figure 1.4. Sovereign Debt to GDP in the G-7 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_4.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.4. Sovereign Debt to GDP in the G-7 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_4.csv){rel="external" type="application/octet-stream"}
- **Figure 1.40. Sovereign CDS Volume, January 2009 to January 2010**
  - [Figure 1.40. Sovereign CDS Volume, January 2009 to January 2010 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_40.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.40. Sovereign CDS Volume, January 2009 to January 2010 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_40.csv){rel="external" type="application/octet-stream"}
- **Figure 1.41. Spain: Nonperforming Loans**
  - [Figure 1.41. Spain: Nonperforming Loans (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_41.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.41. Spain: Nonperforming Loans (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_41.csv){rel="external" type="application/octet-stream"}
- **Figure 1.42. Spain: Real Asset Repossessions**
  - [Figure 1.42. Spain: Real Asset Repossessions (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_42.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.42. Spain: Real Asset Repossessions (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_42.csv){rel="external" type="application/octet-stream"}
- **Figure 1.43. Germany: Loan Loss Rates**
  - [Figure 1.43. Germany: Loan Loss Rates (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_43.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.43. Germany: Loan Loss Rates (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_43.csv){rel="external" type="application/octet-stream"}
- **Figure 1.44. Germany: Loan Losses**
  - [Figure 1.44. Germany: Loan Losses (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_44.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.44. Germany: Loan Losses (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_44.csv){rel="external" type="application/octet-stream"}
- **Figure 1.46. Argentina - NPLs as a Share of Total Loans**
  - [Figure 1.46. Argentina - NPLs as a Share of Total Loans (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_45.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.46. Argentina - NPLs as a Share of Total Loans (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_45.csv){rel="external" type="application/octet-stream"}
- **Figure 1.46. Turkey - NPLs as a Share of Total Loans**
  - [Figure 1.46. Turkey - NPLs as a Share of Total Loans (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_46.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.46. Turkey - NPLs as a Share of Total Loans (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_46.csv){rel="external" type="application/octet-stream"}
- **Figure 1.47. Impulse Response Functions, Model 1**
  - [Figure 1.47. Impulse Response Functions, Model 1 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_47.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.47. Impulse Response Functions, Model 1 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_47.csv){rel="external" type="application/octet-stream"}
- **Figure 1.48. Impulse Response Functions, Model 2**
  - [Figure 1.48. Impulse Response Functions, Model 2 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_48.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.48. Impulse Response Functions, Model 2 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_48.csv){rel="external" type="application/octet-stream"}
- **Figure 1.49. Change in Nonperforming Loan Ratio During 2009**
  - [Figure 1.49. Change in Nonperforming Loan Ratio During 2009 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_49.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.49. Change in Nonperforming Loan Ratio During 2009 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_49.csv){rel="external" type="application/octet-stream"}
- **figure1_5**
  - [figure1_5 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_5.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_5 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_5.csv){rel="external" type="text/html; charset=utf-8"}
- **Figure 1.50. Contributions to Change in Local Government Yields**
  - [Figure 1.50. Contributions to Change in Local Government Yields (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_50.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.50. Contributions to Change in Local Government Yields (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_50.csv){rel="external" type="application/octet-stream"}
- **Figure 1.51. Group 1: Local Government Actual and Model Yields**
  - [Figure 1.51. Group 1: Local Government Actual and Model Yields (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_51.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.51. Group 1: Local Government Actual and Model Yields (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_51.csv){rel="external" type="application/octet-stream"}
- **Figure 1.52. Fiscal Conditions**
  - [Figure 1.52. Fiscal Conditions (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_52.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.52. Fiscal Conditions (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_52.csv){rel="external" type="application/octet-stream"}
- **Figure 1.6. Contributions to Five-Year Sovereign CDS Spreads**
  - [Figure 1.6. Contributions to Five-Year Sovereign CDS Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_6.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.6. Contributions to Five-Year Sovereign CDS Spreads (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_6.csv){rel="external" type="application/octet-stream"}
- **figure1_7**
  - [figure1_7 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_7.csv.md){rel="alternate" type="text/markdown"}
  - [figure1_7 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_7.csv){rel="external" type="application/octet-stream"}
- **Figure 1.8. Sovereign Credit Default Swap Curve Slopes**
  - [Figure 1.8. Sovereign Credit Default Swap Curve Slopes (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_8.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.8. Sovereign Credit Default Swap Curve Slopes (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_8.csv){rel="external" type="application/octet-stream"}
- **Figure 1.9. Sovereign Risk Spilling over to Local Financial CDS, October 2009 to February 2010**
  - [Figure 1.9. Sovereign Risk Spilling over to Local Financial CDS, October 2009 to February 2010 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/figure1_9.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1.9. Sovereign Risk Spilling over to Local Financial CDS, October 2009 to February 2010 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/figure1_9.csv){rel="external" type="application/octet-stream"}
- **Table 1.1. Sovereign Market and Vulnerability Indicators**
  - [Table 1.1. Sovereign Market and Vulnerability Indicators (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_1.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.1. Sovereign Market and Vulnerability Indicators (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_1.csv){rel="external" type="application/octet-stream"}
- **Table 1.10. Ten Largest Sovereign Credit Default Swap Referenced Countries**
  - [Table 1.10. Ten Largest Sovereign Credit Default Swap Referenced Countries (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_10.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.10. Ten Largest Sovereign Credit Default Swap Referenced Countries (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_10.csv){rel="external" type="application/octet-stream"}
- **Table 1.11. Spain: Baseline and Adverse-Case Scenarios**
  - [Table 1.11. Spain: Baseline and Adverse-Case Scenarios (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_11.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.11. Spain: Baseline and Adverse-Case Scenarios (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_11.csv){rel="external" type="application/octet-stream"}
- **Table 1.12. Spain: Calculations of Cutoff Rates for Banks with Drain on Capital**
  - [Table 1.12. Spain: Calculations of Cutoff Rates for Banks with Drain on Capital (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_12.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.12. Spain: Calculations of Cutoff Rates for Banks with Drain on Capital (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_12.csv){rel="external" type="application/octet-stream"}
- **Table 1.13. Estimates of German Bank Writedowns by Sector, 2007-10**
  - [Table 1.13. Estimates of German Bank Writedowns by Sector, 2007-10 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_13.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.13. Estimates of German Bank Writedowns by Sector, 2007-10 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_13.csv){rel="external" type="application/octet-stream"}
- **Table 1.14. Germany: Bank Capital, Earnings, and Writedowns**
  - [Table 1.14. Germany: Bank Capital, Earnings, and Writedowns (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_14.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.14. Germany: Bank Capital, Earnings, and Writedowns (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_14.csv){rel="external" type="application/octet-stream"}
- **Table 1.2. Estimates of Global Bank Writedowns by Domicile, 2007-10**
  - [Table 1.2. Estimates of Global Bank Writedowns by Domicile, 2007-10 (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_2.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.2. Estimates of Global Bank Writedowns by Domicile, 2007-10 (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_2.csv){rel="external" type="application/octet-stream"}
- **Table 1.3. Aggregate Bank Writedowns and Capital**
  - [Table 1.3. Aggregate Bank Writedowns and Capital (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_3.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.3. Aggregate Bank Writedowns and Capital (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_3.csv){rel="external" type="application/octet-stream"}
- **Table 1.4. United States: Bank Writedowns and Capital**
  - [Table 1.4. United States: Bank Writedowns and Capital (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_4.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.4. United States: Bank Writedowns and Capital (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_4.csv){rel="external" type="application/octet-stream"}
- **Table 1.5. Spain: Bank Writedowns and Capital**
  - [Table 1.5. Spain: Bank Writedowns and Capital (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_5.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.5. Spain: Bank Writedowns and Capital (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_5.csv){rel="external" type="application/octet-stream"}
- **Table 1.6. Germany: Bank Writedowns and Capital**
  - [Table 1.6. Germany: Bank Writedowns and Capital (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_6.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.6. Germany: Bank Writedowns and Capital (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_6.csv){rel="external" type="application/octet-stream"}
- **Table 1.7.  Projections of Credit Capacity for and Demand from the Nonfinancial Sector**
  - [Table 1.7.  Projections of Credit Capacity for and Demand from the Nonfinancial Sector (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_7.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.7.  Projections of Credit Capacity for and Demand from the Nonfinancial Sector (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_7.csv){rel="external" type="application/octet-stream"}
- **Table 1.8. Asset Class Valuations**
  - [Table 1.8. Asset Class Valuations (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_8.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.8. Asset Class Valuations (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_8.csv){rel="external" type="application/octet-stream"}
- **Table 1.9. Global Financial Stability Map Indicators**
  - [Table 1.9. Global Financial Stability Map Indicators (Markdown version)](/external/pubs/ft/GFSR/2010/01/c1/table1_9.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1.9. Global Financial Stability Map Indicators (CSV)](/external/pubs/ft/GFSR/2010/01/c1/table1_9.csv){rel="external" type="application/octet-stream"}
- **figure3_1 — Dataset overview**
  - [figure3_1 — Dataset overview (Markdown version)](/external/pubs/ft/GFSR/2010/01/c3/figure3_1.csv.md){rel="alternate" type="text/markdown"}
  - [figure3_1 — Dataset overview (CSV)](/external/pubs/ft/GFSR/2010/01/c3/figure3_1.csv){rel="external" type="application/octet-stream"}
- **Figure 3.2. Outstanding Credit Default Swaps in the DTCC Data Warehouse**
  - [Figure 3.2. Outstanding Credit Default Swaps in the DTCC Data Warehouse (Markdown version)](/external/pubs/ft/GFSR/2010/01/c3/figure3_2.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.2. Outstanding Credit Default Swaps in the DTCC Data Warehouse (CSV)](/external/pubs/ft/GFSR/2010/01/c3/figure3_2.csv){rel="external" type="application/octet-stream"}
- **Figure 3.3. Derivative Payables plus Posted Cash Collateral**
  - [Figure 3.3. Derivative Payables plus Posted Cash Collateral (Markdown version)](/external/pubs/ft/GFSR/2010/01/c3/figure3_3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3.3. Derivative Payables plus Posted Cash Collateral (CSV)](/external/pubs/ft/GFSR/2010/01/c3/figure3_3.csv){rel="external" type="application/octet-stream"}
- **Figure 4.1. Global Liquidity**
  - [Figure 4.1. Global Liquidity (Markdown version)](/external/pubs/ft/GFSR/2010/01/c4/figure4_1.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.1. Global Liquidity (CSV)](/external/pubs/ft/GFSR/2010/01/c4/figure4_1.csv){rel="external" type="application/octet-stream"}
- **Figure 4.2. Change of Central Bank Policy Rates**
  - [Figure 4.2. Change of Central Bank Policy Rates (Markdown version)](/external/pubs/ft/GFSR/2010/01/c4/figure4_2.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.2. Change of Central Bank Policy Rates (CSV)](/external/pubs/ft/GFSR/2010/01/c4/figure4_2.csv){rel="external" type="application/octet-stream"}
- **Figure 4.3. Liquidity-Receiving Economies: Composition of Capital Inflows**
  - [Figure 4.3. Liquidity-Receiving Economies: Composition of Capital Inflows (Markdown version)](/external/pubs/ft/GFSR/2010/01/c4/figure4_3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4.3. Liquidity-Receiving Economies: Composition of Capital Inflows (CSV)](/external/pubs/ft/GFSR/2010/01/c4/figure4_3.csv){rel="external" type="application/octet-stream"}
- **figure4_4 — Emerging Markets Equity Indices**
  - [figure4_4 — Emerging Markets Equity Indices (Markdown version)](/external/pubs/ft/GFSR/2010/01/c4/figure4_4.csv.md){rel="alternate" type="text/markdown"}
  - [figure4_4 — Emerging Markets Equity Indices (CSV)](/external/pubs/ft/GFSR/2010/01/c4/figure4_4.csv){rel="external" type="application/octet-stream"}
- **Figure 1. Major Net Exporters and Importers of Capital in 2009**
  - [Figure 1. Major Net Exporters and Importers of Capital in 2009 (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure1.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 1. Major Net Exporters and Importers of Capital in 2009 (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure1.csv){rel="external" type="application/octet-stream"}
- **Figure 10. Flows into U.S.-Based Equity Funds**
  - [Figure 10. Flows into U.S.-Based Equity Funds (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure10.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 10. Flows into U.S.-Based Equity Funds (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure10.csv){rel="external" type="application/octet-stream"}
- **Figure 11. United States: Corporate Bond Market**
  - [Figure 11. United States: Corporate Bond Market (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure11.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 11. United States: Corporate Bond Market (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure11.csv){rel="external" type="application/octet-stream"}
- **Figure 12. Europe: Corporate Bond Market**
  - [Figure 12. Europe: Corporate Bond Market (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure12.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 12. Europe: Corporate Bond Market (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure12.csv){rel="external" type="application/octet-stream"}
- **Figure 13. United States: Commercial Paper Market**
  - [Figure 13. United States: Commercial Paper Market (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure13.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 13. United States: Commercial Paper Market (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure13.csv){rel="external" type="application/octet-stream"}
- **Figure 14. United States: Asset-Backed Securities**
  - [Figure 14. United States: Asset-Backed Securities (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure14.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 14. United States: Asset-Backed Securities (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure14.csv){rel="external" type="application/octet-stream"}
- **Figure 15. Emerging Market Volatility Measures**
  - [Figure 15. Emerging Market Volatility Measures (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure15.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 15. Emerging Market Volatility Measures (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure15.csv){rel="external" type="application/octet-stream"}
- **Figure 16. Emerging Market Debt Cross-Correlation Measures**
  - [Figure 16. Emerging Market Debt Cross-Correlation Measures (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure16.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 16. Emerging Market Debt Cross-Correlation Measures (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure16.csv){rel="external" type="application/octet-stream"}
- **Figure 2. Exchange Rates: Selected Major Industrial Countries**
  - [Figure 2. Exchange Rates: Selected Major Industrial Countries (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure2.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 2. Exchange Rates: Selected Major Industrial Countries (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure2.csv){rel="external" type="application/octet-stream"}
- **Figure 3. United States: Yields on Corporate and Treasury Bonds**
  - [Figure 3. United States: Yields on Corporate and Treasury Bonds (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure3.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 3. United States: Yields on Corporate and Treasury Bonds (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure3.csv){rel="external" type="application/octet-stream"}
- **Figure 4. Selected Spreads**
  - [Figure 4. Selected Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure4.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 4. Selected Spreads (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure4.csv){rel="external" type="application/octet-stream"}
- **Figure 5. Nonfinancial Corporate Credit Spreads**
  - [Figure 5. Nonfinancial Corporate Credit Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure5.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 5. Nonfinancial Corporate Credit Spreads (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure5.csv){rel="external" type="application/octet-stream"}
- **Figure 6. Equity Markets: Price Indices**
  - [Figure 6. Equity Markets: Price Indices (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure6.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 6. Equity Markets: Price Indices (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure6.csv){rel="external" type="application/octet-stream"}
- **Figure 7. Implied and Historical Volatility in Equity Markets**
  - [Figure 7. Implied and Historical Volatility in Equity Markets (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure7.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 7. Implied and Historical Volatility in Equity Markets (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure7.csv){rel="external" type="application/octet-stream"}
- **Figure 8. Historical Volatility of Government Bond Yields and Bond Returns for Selected Countries**
  - [Figure 8. Historical Volatility of Government Bond Yields and Bond Returns for Selected Countries (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure8.csv.md){rel="alternate" type="text/markdown"}
  - [Figure 8. Historical Volatility of Government Bond Yields and Bond Returns for Selected Countries (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure8.csv){rel="external" type="application/octet-stream"}
- **sa_figure9 — Dataset overview**
  - [sa_figure9 — Dataset overview (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure9.csv.md){rel="alternate" type="text/markdown"}
  - [sa_figure9 — Dataset overview (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_figure9.csv){rel="external" type="application/octet-stream"}
- **Table 1. Global Financial Flows: Inflows and Outflows**
  - [Table 1. Global Financial Flows: Inflows and Outflows (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table1.csv.md){rel="alternate" type="text/markdown"}
  - [Table 1. Global Financial Flows: Inflows and Outflows (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table1.csv){rel="external" type="application/octet-stream"}
- **Table 10.  Equity Market Indices**
  - [Table 10.  Equity Market Indices (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table10.csv.md){rel="alternate" type="text/markdown"}
  - [Table 10.  Equity Market Indices (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table10.csv){rel="external" type="application/octet-stream"}
- **Table 11.  Foreign Exchange Rates**
  - [Table 11.  Foreign Exchange Rates (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table11.csv.md){rel="alternate" type="text/markdown"}
  - [Table 11.  Foreign Exchange Rates (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table11.csv){rel="external" type="application/octet-stream"}
- **Table 12.  Emerging Market Bond Index:  EMBI Global Total Returns Index**
  - [Table 12.  Emerging Market Bond Index:  EMBI Global Total Returns Index (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table12.csv.md){rel="alternate" type="text/markdown"}
  - [Table 12.  Emerging Market Bond Index:  EMBI Global Total Returns Index (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table12.csv){rel="external" type="application/octet-stream"}
- **Table 13.  Emerging Market Bond Index:  EMBI Global Yield Spreads**
  - [Table 13.  Emerging Market Bond Index:  EMBI Global Yield Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table13.csv.md){rel="alternate" type="text/markdown"}
  - [Table 13.  Emerging Market Bond Index:  EMBI Global Yield Spreads (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table13.csv){rel="external" type="application/octet-stream"}
- **Table 14.  Emerging Market External Financing:  Total Bonds, Equities, and Loans**
  - [Table 14.  Emerging Market External Financing:  Total Bonds, Equities, and Loans (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table14.csv.md){rel="alternate" type="text/markdown"}
  - [Table 14.  Emerging Market External Financing:  Total Bonds, Equities, and Loans (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table14.csv){rel="external" type="application/octet-stream"}
- **Table 15.  Emerging Market External Financing:  Bond Issuance**
  - [Table 15.  Emerging Market External Financing:  Bond Issuance (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table15.csv.md){rel="alternate" type="text/markdown"}
  - [Table 15.  Emerging Market External Financing:  Bond Issuance (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table15.csv){rel="external" type="application/octet-stream"}
- **Table 16.  Emerging Market External Finance:  Equity Issuance**
  - [Table 16.  Emerging Market External Finance:  Equity Issuance (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table16.csv.md){rel="alternate" type="text/markdown"}
  - [Table 16.  Emerging Market External Finance:  Equity Issuance (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table16.csv){rel="external" type="application/octet-stream"}
- **Sa Table17**
  - [Sa Table17 (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table17.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table17 (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table17.csv){rel="external" type="application/octet-stream"}
- **Table 18. Equity Valuation Measures: Dividend-Yield Ratios**
  - [Table 18. Equity Valuation Measures: Dividend-Yield Ratios (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table18.csv.md){rel="alternate" type="text/markdown"}
  - [Table 18. Equity Valuation Measures: Dividend-Yield Ratios (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table18.csv){rel="external" type="application/octet-stream"}
- **Table 19. Equity Valuation Measures: Price-to-Book Ratios**
  - [Table 19. Equity Valuation Measures: Price-to-Book Ratios (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table19.csv.md){rel="alternate" type="text/markdown"}
  - [Table 19. Equity Valuation Measures: Price-to-Book Ratios (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table19.csv){rel="external" type="application/octet-stream"}
- **Sa Table2**
  - [Sa Table2 (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table2.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table2 (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table2.csv){rel="external" type="application/octet-stream"}
- **Table 20. Equity Valuation Measures: Price/Earnings Ratios**
  - [Table 20. Equity Valuation Measures: Price/Earnings Ratios (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table20.csv.md){rel="alternate" type="text/markdown"}
  - [Table 20. Equity Valuation Measures: Price/Earnings Ratios (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table20.csv){rel="external" type="application/octet-stream"}
- **Table 21. Emerging Markets: Mutual Fund Flows**
  - [Table 21. Emerging Markets: Mutual Fund Flows (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table21.csv.md){rel="alternate" type="text/markdown"}
  - [Table 21. Emerging Markets: Mutual Fund Flows (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table21.csv){rel="external" type="application/octet-stream"}
- **Table 22. Bank Regulatory Capital to Risk-Weighted Assets**
  - [Table 22. Bank Regulatory Capital to Risk-Weighted Assets (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table22.csv.md){rel="alternate" type="text/markdown"}
  - [Table 22. Bank Regulatory Capital to Risk-Weighted Assets (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table22.csv){rel="external" type="application/octet-stream"}
- **Table 23. Bank Capital to Assets**
  - [Table 23. Bank Capital to Assets (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table23.csv.md){rel="alternate" type="text/markdown"}
  - [Table 23. Bank Capital to Assets (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table23.csv){rel="external" type="application/octet-stream"}
- **Dataset overview: Table 24. Bank Nonperforming Loans to Total Loans**
  - [Dataset overview: Table 24. Bank Nonperforming Loans to Total Loans (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table24.csv.md){rel="alternate" type="text/markdown"}
  - [Dataset overview: Table 24. Bank Nonperforming Loans to Total Loans (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table24.csv){rel="external" type="application/octet-stream"}
- **Table 25. Bank Provisions to Nonperforming Loans**
  - [Table 25. Bank Provisions to Nonperforming Loans (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table25.csv.md){rel="alternate" type="text/markdown"}
  - [Table 25. Bank Provisions to Nonperforming Loans (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table25.csv){rel="external" type="application/octet-stream"}
- **Table 26. Bank Return on Assets**
  - [Table 26. Bank Return on Assets (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table26.csv.md){rel="alternate" type="text/markdown"}
  - [Table 26. Bank Return on Assets (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table26.csv){rel="external" type="application/octet-stream"}
- **Table 27. Bank Return on Equity**
  - [Table 27. Bank Return on Equity (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table27.csv.md){rel="alternate" type="text/markdown"}
  - [Table 27. Bank Return on Equity (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table27.csv){rel="external" type="application/octet-stream"}
- **Table 3. Selected Indicators on the Size of the Capital Markets, 2008**
  - [Table 3. Selected Indicators on the Size of the Capital Markets, 2008 (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table3.csv.md){rel="alternate" type="text/markdown"}
  - [Table 3. Selected Indicators on the Size of the Capital Markets, 2008 (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table3.csv){rel="external" type="application/octet-stream"}
- **Sa Table4**
  - [Sa Table4 (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table4.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table4 (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table4.csv){rel="external" type="application/octet-stream"}
- **Dataset overview**
  - [Dataset overview (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table5.csv.md){rel="alternate" type="text/markdown"}
  - [Dataset overview (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table5.csv){rel="external" type="application/octet-stream"}
- **Sa Table6**
  - [Sa Table6 (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table6.csv.md){rel="alternate" type="text/markdown"}
  - [Sa Table6 (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table6.csv){rel="external" type="application/octet-stream"}
- **Table 7. United States: Sectoral Balance Sheets**
  - [Table 7. United States: Sectoral Balance Sheets (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table7.csv.md){rel="alternate" type="text/markdown"}
  - [Table 7. United States: Sectoral Balance Sheets (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table7.csv){rel="external" type="application/octet-stream"}
- **Table 8. Japan: Sectoral Balance Sheets1**
  - [Table 8. Japan: Sectoral Balance Sheets1 (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table8.csv.md){rel="alternate" type="text/markdown"}
  - [Table 8. Japan: Sectoral Balance Sheets1 (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table8.csv){rel="external" type="application/octet-stream"}
- **Table 9. Europe: Sectoral Balance Sheets**
  - [Table 9. Europe: Sectoral Balance Sheets (Markdown version)](/external/pubs/ft/GFSR/2010/01/sa/sa_table9.csv.md){rel="alternate" type="text/markdown"}
  - [Table 9. Europe: Sectoral Balance Sheets (CSV)](/external/pubs/ft/GFSR/2010/01/sa/sa_table9.csv){rel="external" type="application/octet-stream"}
- **موجز للصحافة للفصول1 و 2 و 3 و 4 للتقرير الاستقرار المالي العالمي**
  - [موجز للصحافة للفصول1 و 2 و 3 و 4 للتقرير الاستقرار المالي العالمي (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2010/01/pdf/_pressapdf.pdf.md){rel="alternate" type="text/markdown"}
  - [موجز للصحافة للفصول1 و 2 و 3 و 4 للتقرير الاستقرار المالي العالمي (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2010/01/pdf/_pressapdf.pdf){rel="external" type="application/pdf"}
- **ملخص واف عن التقرير الاستقرار المالي العالمي**
  - [ملخص واف عن التقرير الاستقرار المالي العالمي (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2010/01/pdf/suma.pdf.md){rel="alternate" type="text/markdown"}
  - [ملخص واف عن التقرير الاستقرار المالي العالمي (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2010/01/pdf/suma.pdf){rel="external" type="application/pdf"}
- **2010 年4 月期《全球金融稳定报告》第一,二, 三, 四章新闻发布要点**
  - [2010 年4 月期《全球金融稳定报告》第一,二, 三, 四章新闻发布要点 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2010/01/pdf/_presscpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [2010 年4 月期《全球金融稳定报告》第一,二, 三, 四章新闻发布要点 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2010/01/pdf/_presscpdf.pdf){rel="external" type="application/pdf"}
- **2010 年4 月期《全球金融稳定报告》概要**
  - [2010 年4 月期《全球金融稳定报告》概要 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2010/01/pdf/sumc.pdf.md){rel="alternate" type="text/markdown"}
  - [2010 年4 月期《全球金融稳定报告》概要 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2010/01/pdf/sumc.pdf){rel="external" type="application/pdf"}
- **Section 1**
  - [Section 1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2010/01/pdf/_pressfpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Section 1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2010/01/pdf/_pressfpdf.pdf){rel="external" type="application/pdf"}
- **Rapport sur la stabilité financière dans le monde : Résumé analytique**
  - [Rapport sur la stabilité financière dans le monde : Résumé analytique (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2010/01/pdf/sumf.pdf.md){rel="alternate" type="text/markdown"}
  - [Rapport sur la stabilité financière dans le monde : Résumé analytique (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2010/01/pdf/sumf.pdf){rel="external" type="application/pdf"}
- **国際金融安定性報告書（GFSR) 2010 年 4 月 -- 第 1,2, 3, 4 章要点**
  - [国際金融安定性報告書（GFSR) 2010 年 4 月 -- 第 1,2, 3, 4 章要点 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2010/01/pdf/_pressjpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [国際金融安定性報告書（GFSR) 2010 年 4 月 -- 第 1,2, 3, 4 章要点 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2010/01/pdf/_pressjpdf.pdf){rel="external" type="application/pdf"}
- **国際金融安定性報告書（GFSR), 2010年4月: 要旨**
  - [国際金融安定性報告書（GFSR), 2010年4月: 要旨 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2010/01/pdf/sumj.pdf.md){rel="alternate" type="text/markdown"}
  - [国際金融安定性報告書（GFSR), 2010年4月: 要旨 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2010/01/pdf/sumj.pdf){rel="external" type="application/pdf"}
- **Figure 3_1**
  - [Figure 3_1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c3/_figure31pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Figure 3_1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c3/_figure31pdf.pdf){rel="external" type="application/pdf"}
- **figure 3_2**
  - [figure 3_2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c3/_figure32pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure 3_2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c3/_figure32pdf.pdf){rel="external" type="application/pdf"}
- **figure 3_3**
  - [figure 3_3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c3/_figure33pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure 3_3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c3/_figure33pdf.pdf){rel="external" type="application/pdf"}
- **figure 4_1**
  - [figure 4_1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c4/_figure41pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure 4_1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c4/_figure41pdf.pdf){rel="external" type="application/pdf"}
- **figure 4_2**
  - [figure 4_2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c4/_figure42pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure 4_2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c4/_figure42pdf.pdf){rel="external" type="application/pdf"}
- **figure 4_3**
  - [figure 4_3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c4/_figure43pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure 4_3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c4/_figure43pdf.pdf){rel="external" type="application/pdf"}
- **figure 4_4**
  - [figure 4_4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c4/_figure44pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [figure 4_4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/c4/_figure44pdf.pdf){rel="external" type="application/pdf"}
- **Annex 1.10. Euro Zone Sovereign Spreads: Global Risk Aversion, Spillovers or Fundamentals?**
  - [Annex 1.10. Euro Zone Sovereign Spreads: Global Risk Aversion, Spillovers or Fundamentals? (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex10pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Annex 1.10. Euro Zone Sovereign Spreads: Global Risk Aversion, Spillovers or Fundamentals? (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex10pdf.pdf){rel="external" type="application/pdf"}
- **Ch1annex6pdf**
  - [Ch1annex6pdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex6pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Ch1annex6pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex6pdf.pdf){rel="external" type="application/pdf"}
- **Annex 1.7.  Credit Demand and Capacity Estimates in the United States, Euro Area, and United Kingdom**
  - [Annex 1.7.  Credit Demand and Capacity Estimates in the United States, Euro Area, and United Kingdom (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex7pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Annex 1.7.  Credit Demand and Capacity Estimates in the United States, Euro Area, and United Kingdom (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex7pdf.pdf){rel="external" type="application/pdf"}
- **GFSR April 2010 -- Chapter 1, Annex 1.8.  The Effects of Large-Scale Asset Purchase Programs**
  - [GFSR April 2010 -- Chapter 1, Annex 1.8.  The Effects of Large-Scale Asset Purchase Programs (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex8pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [GFSR April 2010 -- Chapter 1, Annex 1.8.  The Effects of Large-Scale Asset Purchase Programs (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex8pdf.pdf){rel="external" type="application/pdf"}
- **GFSR April 2010: Chapter 1, Annex 1.9.  Methodologies Underlying Assessment of Bubble Risks**
  - [GFSR April 2010: Chapter 1, Annex 1.9.  Methodologies Underlying Assessment of Bubble Risks (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex9pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [GFSR April 2010: Chapter 1, Annex 1.9.  Methodologies Underlying Assessment of Bubble Risks (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_ch1annex9pdf.pdf){rel="external" type="application/pdf"}
- **CHAPTER 1 — Sovereign risk dynamics, banking-system repair, and market conditions**
  - [CHAPTER 1 — Sovereign risk dynamics, banking-system repair, and market conditions (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_chap1pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [CHAPTER 1 — Sovereign risk dynamics, banking-system repair, and market conditions (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_chap1pdf.pdf){rel="external" type="application/pdf"}
- **Chap2pdf**
  - [Chap2pdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_chap2pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Chap2pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_chap2pdf.pdf){rel="external" type="application/pdf"}
- **_chap3pdf - Chapter 2 discussed a potential systemic-based capital**
  - [_chap3pdf - Chapter 2 discussed a potential systemic-based capital (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_chap3pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [_chap3pdf - Chapter 2 discussed a potential systemic-based capital (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_chap3pdf.pdf){rel="external" type="application/pdf"}
- **chapter 4 global lIquIdIty expansIon: eFFects on “receIvIng” econoMIes and polIcy response optIons**
  - [chapter 4 global lIquIdIty expansIon: eFFects on “receIvIng” econoMIes and polIcy response optIons (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_chap4pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [chapter 4 global lIquIdIty expansIon: eFFects on “receIvIng” econoMIes and polIcy response optIons (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_chap4pdf.pdf){rel="external" type="application/pdf"}
- **Global Financial Stability Report**
  - [Global Financial Stability Report (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_contentspdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_contentspdf.pdf){rel="external" type="application/pdf"}
- **Global Financial Stability Report**
  - [Global Financial Stability Report (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_prefacepdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_prefacepdf.pdf){rel="external" type="application/pdf"}
- **Press1pdf**
  - [Press1pdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_press1pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Press1pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_press1pdf.pdf){rel="external" type="application/pdf"}
- **Press Points for Chapter 2**
  - [Press Points for Chapter 2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_press2pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Press Points for Chapter 2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_press2pdf.pdf){rel="external" type="application/pdf"}
- **Press Points for Chapter 3: Making OTC Derivatives Safer: The Role of Central Counterparties**
  - [Press Points for Chapter 3: Making OTC Derivatives Safer: The Role of Central Counterparties (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_press3pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Press Points for Chapter 3: Making OTC Derivatives Safer: The Role of Central Counterparties (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_press3pdf.pdf){rel="external" type="application/pdf"}
- **Press4pdf**
  - [Press4pdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_press4pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Press4pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_press4pdf.pdf){rel="external" type="application/pdf"}
- **Global Financial Stability Report**
  - [Global Financial Stability Report (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_presspdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_presspdf.pdf){rel="external" type="application/pdf"}
- **Statistical Appendix -- Global Financial Stability Report**
  - [Statistical Appendix -- Global Financial Stability Report (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_statappxpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Statistical Appendix -- Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_statappxpdf.pdf){rel="external" type="application/pdf"}
- **Global Financial Stability Report**
  - [Global Financial Stability Report (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_summarypdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_summarypdf.pdf){rel="external" type="application/pdf"}
- **_textpdf**
  - [_textpdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_textpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [_textpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/pdf/_textpdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure10**
  - [STAT_APP_Figure10 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure10pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure10 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure10pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure11**
  - [STAT_APP_Figure11 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure11pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure11 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure11pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure12**
  - [STAT_APP_Figure12 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure12pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure12 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure12pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure13**
  - [STAT_APP_Figure13 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure13pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure13 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure13pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure14**
  - [STAT_APP_Figure14 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure14pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure14 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure14pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure15**
  - [STAT_APP_Figure15 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure15pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure15 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure15pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure16**
  - [STAT_APP_Figure16 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure16pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure16 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure16pdf.pdf){rel="external" type="application/pdf"}
- **Figure 1. Major Net Exporters and Importers of Capital in 2009**
  - [Figure 1. Major Net Exporters and Importers of Capital in 2009 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure1pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Figure 1. Major Net Exporters and Importers of Capital in 2009 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure1pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure2**
  - [STAT_APP_Figure2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure2pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure2pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure3**
  - [STAT_APP_Figure3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure3pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure3pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure4**
  - [STAT_APP_Figure4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure4pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure4pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure5**
  - [STAT_APP_Figure5 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure5pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure5 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure5pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure6**
  - [STAT_APP_Figure6 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure6pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure6 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure6pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure7**
  - [STAT_APP_Figure7 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure7pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure7 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure7pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure8**
  - [STAT_APP_Figure8 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure8pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure8 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure8pdf.pdf){rel="external" type="application/pdf"}
- **STAT_APP_Figure9**
  - [STAT_APP_Figure9 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure9pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [STAT_APP_Figure9 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/01/sa/_safigure9pdf.pdf){rel="external" type="application/pdf"}
- **Foreword**
  - [Foreword (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2010/01/pdf/_forewordpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Foreword (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/weo/2010/01/pdf/_forewordpdf.pdf){rel="external" type="application/pdf"}
- **«Доклад по вопросам глобальной финансовой стабильности»**
  - [«Доклад по вопросам глобальной финансовой стабильности» (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/gfsr/2010/01/pdf/_pressrpdf.pdf.md){rel="alternate" type="text/markdown"}
  - [«Доклад по вопросам глобальной финансовой стабильности» (PDF)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/gfsr/2010/01/pdf/_pressrpdf.pdf){rel="external" type="application/pdf"}
- **Доклад по вопросам глобальной финансовой стабильности; апрель 2010 года -- Аналитическое резюме**
  - [Доклад по вопросам глобальной финансовой стабильности; апрель 2010 года -- Аналитическое резюме (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/gfsr/2010/01/pdf/sumr.pdf.md){rel="alternate" type="text/markdown"}
  - [Доклад по вопросам глобальной финансовой стабильности; апрель 2010 года -- Аналитическое резюме (PDF)](/-/media/websites/imf/imported-flagship-issues/external/russian/pubs/ft/gfsr/2010/01/pdf/sumr.pdf){rel="external" type="application/pdf"}
- **_pressspdf - Section 1**
  - [_pressspdf - Section 1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2010/01/pdf/_pressspdf.pdf.md){rel="alternate" type="text/markdown"}
  - [_pressspdf - Section 1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2010/01/pdf/_pressspdf.pdf){rel="external" type="application/pdf"}
- **Informe sobre la Estabilidad Financiera Mundial – Abril de 2010 -- Resumen General**
  - [Informe sobre la Estabilidad Financiera Mundial – Abril de 2010 -- Resumen General (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2010/01/pdf/sums.pdf.md){rel="alternate" type="text/markdown"}
  - [Informe sobre la Estabilidad Financiera Mundial – Abril de 2010 -- Resumen General (PDF)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2010/01/pdf/sums.pdf){rel="external" type="application/pdf"}

---

## References

- [Transcript of GFSR press briefing, April 20, 2010](http://www.imf.org/external/np/tr/2010/tr042010.htm)
- [Transcript of GFSR press briefing, April 13, 2010](http://www.imf.org/external/np/tr/2010/tr041310.htm)
- [Financial Stability Page](http://www.imf.org/external/np/mcm/financialstability/index.htm)
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_Source: https://www.imf.org/en/publications/gfsr/issues/2016/12/31/meeting-new-challenges-to-stability-and-building-a-safer-system_