## IMF Global Financial Stability Report (GFSR) -- Sovereigns, Funding, and Systemic Liquidity; October 2010 -- Contents _Global Financial Stability Report, October 29, 2010_ ## Source details **Canonical URL:** [IMF Global Financial Stability Report (GFSR) -- Sovereigns, Funding, and Systemic Liquidity; October 2010 -- Contents](https://www.imf.org/en/publications/gfsr/issues/2016/12/31/sovereigns-funding-and-systemic-liquidity) ## Other formats - [Markdown version](/en/publications/gfsr/issues/2016/12/31/sovereigns-funding-and-systemic-liquidity/index.md) - [Structured JSON version](/en/publications/gfsr/issues/2016/12/31/sovereigns-funding-and-systemic-liquidity/index.json) - [Bundle manifest](/en/publications/gfsr/issues/2016/12/31/sovereigns-funding-and-systemic-liquidity/bundle-manifest.json) ## Bibliographic details - Published: October 29, 2010 - Series: Global Financial Stability Report --- ### Overview - October 2010: "The global financial system is still in a period of significant uncertainty and remains the Achilles' heel of the economic recovery." - Progress toward financial stability experienced a setback since the April 2010 GFSR. - The report: - highlights how risks have changed over the last six months, - traces the sources and channels of financial distress with an emphasis on sovereign risk, - provides a discussion of policy proposals under consideration to mend the global financial system. - Related multimedia: - Videos: "IMF Says Global Financial Stability Better with Remaining Risks; Jose Vinals, Financial Counsellor, IMF" (Spanish version) — October 5, 2010 - "IMF on Systemic Liquidity Risks; Jeanne Gobat, IMF MCM Department" — September 29, 2010 - "IMF on Credit Ratings Agencies; John Kiff, IMF MCM Department" - Webcast of GFSR press briefing, September 29, 2010 — Transcript available - Sign-up: Email notification sign-up for new series and/or country items. - Note on terminology: On this site, the term "country" does not in all cases refer to a territorial entity that is a state as understood by international law and practice. ### Executive materials and downloads - Download the Full Text (6,2 kb) - Executive Summary (1000 Kb pdf file) - Preface (376kb pdf file) - Glossary (277KB pdf file) - Statistical Appendix (1,6KB pdf file) - Annex: Summing Up by the Acting Chair ### Chapter I — Economic Uncertainty, Sovereign Risk, and Financial Fragilities - Available items: Full Text | Video | Boxes | Figures | Tables | Press Points - Sections: - A. What Is the Outlook for Global Financial Stability? - B. Sovereign Risks and Financial Fragilities - C. Sovereign and Banking System Spillovers - D. Managing Upside Risks to Emerging Markets - E. Policy Priorities - Annexes: - Annex 1.1. Impact of Adverse Growth Shock on Advanced Economy Debt Ratios - Annex 1.2. Systemic Contingent Claims Analysis of Banking and Sovereign Risk - Annex 1.3. Analyzing Portfolio Inflows to Emerging Markets and Other Advanced Markets - Annex 1.4. Asia’s Local Currency Corporate Bond Market—A New Spare Tire - Annex 1.5. Where Now for Fannie and Freddie? A Review of the Options - References ### Chapter II — Systemic Liquidity Risk: Improving the Resilience of Institutions and Markets - Available items: Full Text | Video | Boxes | Figures | Press Points - Sections: - Summary - Review of the Systemic Liquidity Shock through Various Short-Term Funding Markets - Funding Markets as Propagation Channels of Systemic Liquidity Risk - Policies to Strengthen the Resilience of Funding Markets - Policies to Strengthen Prudential Liquidity Regulations for Institutions - Outstanding Policy Issues in Addressing Systemic Liquidity Risk - Conclusions and Policy Considerations ### Chapter III — The Uses and Abuses of Sovereign Credit Ratings - Sections: - Basic Rating Definitions and Principles - The Evolving Roles and Regulation of Credit Ratings and Credit Rating Agencies - Fundamental Sovereign Credit Risk Analysis - The Accuracy and Informational Value of Sovereign Ratings - Conclusions and Policy Implications - Annex 3.1. Credit Rating Agencies around the World ### Key findings, risks, and policy priorities (as presented) - Short-term: "Short-Term Uncertainty Has Fallen, but Uncertainty Remains High in the Medium Term" - Sovereign risk: emphasized as a key channel of financial distress and source of spillovers to banking systems. - Policy priorities and considerations span: - Managing sovereign–bank spillovers, - Strengthening funding-market resilience and prudential liquidity regulations, - Addressing credit rating agency roles, accuracy, and regulation. - Specific thematic boxes and analysis touching on risks and policy: - Japan: Risk of Sovereign Interest Rate Shock - Risk Transmission between Sovereigns and Banks in Europe - Risks of a Double Dip in the U.S. Real Estate Markets - China’s Banking System: Managing Challenges after Credit Expansion - Brazil's Tax on Capital Inflows, 2009–10 - Macroeconomic Costs of Regulatory Measures - Key Findings of the U.S. Financial Sector Assessment Program - Calibrating a Sovereign Risk-Adjusted Contingent Claims Analysis Balance Sheet - Role of Money Markets - Disruptions to Cross-Border Funding and Foreign Exchange Swaps - The Repo Markets: A Primer - What Went Wrong in Financial Firms' Liquidity Risk Management Practices? - Repo Infrastructure: Trading, Clearing, and Settlement ### Data, figures, and tables (selection of report contents) - Figures and charts include (selected): - Global Financial Stability Map - Global Financial Stability Map: Assessment of Risks and Conditions - Markets Heat Map - Spillovers from the Sovereign to the Banks and Banks to Sovereigns - Ten-Year Sovereign Swap Spreads - Impact of a –1 Percent Growth Shock from Wiorld Economic Outlook Baseline, 2010–15 - Sovereign Gross Funding Requirements - Custodial Bond Flows, 2007–June 2010 - Developments in Sovereign Credit Default Swap Spreads - Bank Writedowns or Loss Provisions by Region - Capital Raised by Banks and Tier 1 Ratios - Banking Sector Credit Default Swap Spreads - U.S. Dollar Th ree-Month Forward–Overnight Index Swap Spreads and Basis Swaps - Bank Bond Maturity Profile - Bank Debt Maturing as a Percentage of Total Outstanding - Euro Area: Bank Cumulative Net Issuance - Reliance on Wholesale Funding - European Central Bank Lending to Euro Area Monetary Financial Institutions - Mature Market Credit Default Swap Spreads - Lending Conditions; Bank Lending to Private Sector - Bank for International Settlements Cross-Border Bank Flows by Region - Cumulative Bank of New York Mellon iFlowSM Infl ows to Advanced and Emerging Economies - Outstanding Local Currency Corporate Bonds; Local Currency Government and Corporate Bond Issuance - Tables and statistical indicators include (selected): - Sovereign Market and Vulnerability Indicators - Low-Growth Shock: Impact Analysis and Ranking - Typical Haircut on Term Securities Financing Transactions - Long-Term Senior Debt Rating Symbols - Rating Agency Statements on What Their Ratings Are Designed to Measure - Key Factors in Sovereign Credit Rating Assessments - Sovereign Rating “Failures” during 1997–98 Asian Crisis - Sovereign Rating “Failures” during the 2008—10 Crisis - Ratings of AAA-Rated U.S. Mortgage-Related Securities - Sovereign Rating and Outlook Changes - Moody’s Sovereign Rating and Outlook Changes by Selected Regions, May 2007–June 2010 - Rating Drivers, May 2007–June 2010 - Average Credit Default Swap Spread and Ratings for Countries Rated by Moody’s, 2005–10 - Impact of Change in Sovereign Ratings and Credit Warnings on Credit Default Swap Spread - Ratings One Year Prior to Sovereign Default, 1975–2009 - Sovereign Rating Performance by Standard & Poor’s - Average Proportion of S&P Sovereign Ratings Unchanged Over One Year - Average Proportion of S&P Sovereign Ratings Downgraded More Than Two Notches Over One Year ### Statistical Appendix (selected contents) - Key Financial Centers: Figures | Tables - Emerging Markets: Figures | Tables - Financial Soundness Indicators: Tables - Statistical Appendix tables include numbered series (examples): - 1. Major Net Exporters and Importers of Capital in 2009 - 2. Exchange Rates: Selected Major Industrial Countries - 3. United States: Yields on Corporate and Treasury Bonds - ... - 14. United States: Asset-Backed Securities - Global Capital Flows: Inflows and Outflows - Emerging Market External Financing: Total Bonds, Equities, and Loans - Financial Soundness Indicators including: - 22. Bank Regulatory Capital to Risk-Weighted Assets - 23. Bank Capital to Assets - 24. Bank Nonperforming Loans to Total Loans - 25. Bank Provisions to Nonperforming Loans - 26. Bank Return on Assets - 27. Bank Return on Equity ### Symbols and conventions used in the volume - . . . to indicate that data are not available; - —— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist; - - between years or months (for example, 1997-99 or January-June) to indicate the years or months covered, including the beginning and ending years or months; - / between years (for example, 1998/99) to indicate a fiscal or financial year. - Definitions: - "Billion" means a thousand million; "trillion" means a thousand billion. - "Basis points" refer to hundredths of 1 percentage point (for example, 25 basis points are equivalent to 1/4 of 1 percentage point). - "n.a." means not applicable. - Note: Minor discrepancies between constituent figures and totals are due to rounding. - Reiteration of terminology note: As used in this volume the term "country" does not in all cases refer to a territorial entity that is a state as understood by international law and practice. *IMF Global Financial Stability Report (GFSR) -- Sovereigns, Funding, and Systemic Liquidity; October 2010 -- Contents* --- ## Content in this bundle - **Figure 1.1. Global Financial Stability Map** - [Figure 1.1. Global Financial Stability Map (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_1.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.1. Global Financial Stability Map (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_1.csv){rel="external" type="application/octet-stream"} - **Figure 1.10. Exports and Fiscal Balance** - [Figure 1.10. Exports and Fiscal Balance (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_10.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.10. Exports and Fiscal Balance (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_10.csv){rel="external" type="application/octet-stream"} - **Figure 1.11. Development in Sovereign Credit Default Swap Spreads** - [Figure 1.11. Development in Sovereign Credit Default Swap Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_11.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.11. Development in Sovereign Credit Default Swap Spreads (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_11.csv){rel="external" type="application/octet-stream"} - **figure1_12** - [figure1_12 (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_12.csv.md){rel="alternate" type="text/markdown"} - [figure1_12 (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_12.csv){rel="external" type="application/octet-stream"} - **Figure 1.13. Capital Raised by Banks and Tier 1 Ratios** - [Figure 1.13. Capital Raised by Banks and Tier 1 Ratios (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_13.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.13. Capital Raised by Banks and Tier 1 Ratios (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_13.csv){rel="external" type="application/octet-stream"} - **Figure 1.14. Banking Sector Credit Default Swap Spreads** - [Figure 1.14. Banking Sector Credit Default Swap Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_14.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.14. Banking Sector Credit Default Swap Spreads (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_14.csv){rel="external" type="application/octet-stream"} - **Figure 1.18. Euro Area: Bank Cumulative Net Issuance** - [Figure 1.18. Euro Area: Bank Cumulative Net Issuance (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_18.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.18. Euro Area: Bank Cumulative Net Issuance (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_18.csv){rel="external" type="application/octet-stream"} - **Figure 1.19. Reliance on Wholesale Funding** - [Figure 1.19. Reliance on Wholesale Funding (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_19.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.19. Reliance on Wholesale Funding (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_19.csv){rel="external" type="application/octet-stream"} - **Figure 1.2. Global Financial Stability Map: Assessment of Risks and Conditions** - [Figure 1.2. Global Financial Stability Map: Assessment of Risks and Conditions (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_2.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.2. Global Financial Stability Map: Assessment of Risks and Conditions (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_2.csv){rel="external" type="application/octet-stream"} - **Figure 1.20. European Central Bank Lending to Euro Area Monetary Financial Institutions** - [Figure 1.20. European Central Bank Lending to Euro Area Monetary Financial Institutions (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_20.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.20. European Central Bank Lending to Euro Area Monetary Financial Institutions (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_20.csv){rel="external" type="application/octet-stream"} - **Figure 1.22. Bank Lending** - [Figure 1.22. Bank Lending (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_22.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.22. Bank Lending (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_22.csv){rel="external" type="application/octet-stream"} - **Figure1 23** - [Figure1 23 (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_23.csv.md){rel="alternate" type="text/markdown"} - [Figure1 23 (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_23.csv){rel="external" type="application/octet-stream"} - **Figure 1.24. BIS Cumulative Cross-Border Bank Flows by Country** - [Figure 1.24. BIS Cumulative Cross-Border Bank Flows by Country (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_24.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.24. BIS Cumulative Cross-Border Bank Flows by Country (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_24.csv){rel="external" type="application/octet-stream"} - **Figure 1.25. Cross-Border Bank Flows and Local Credit** - [Figure 1.25. Cross-Border Bank Flows and Local Credit (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_25.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.25. Cross-Border Bank Flows and Local Credit (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_25.csv){rel="external" type="application/octet-stream"} - **Figure 1.26. Emerging and Advanced Market Returns** - [Figure 1.26. Emerging and Advanced Market Returns (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_26.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.26. Emerging and Advanced Market Returns (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_26.csv){rel="external" type="application/octet-stream"} - **figure1_29** - [figure1_29 (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_29.csv.md){rel="alternate" type="text/markdown"} - [figure1_29 (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_29.csv){rel="external" type="application/octet-stream"} - **Figure 1.3. Markets Heatmap** - [Figure 1.3. Markets Heatmap (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_3.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.3. Markets Heatmap (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_3.csv){rel="external" type="application/octet-stream"} - **Figure 1.30. Equity and Debt Portfolio Inflows** - [Figure 1.30. Equity and Debt Portfolio Inflows (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_30.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.30. Equity and Debt Portfolio Inflows (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_30.csv){rel="external" type="application/octet-stream"} - **Figure 1.31. Nominal Effective Exchange Rate Performance** - [Figure 1.31. Nominal Effective Exchange Rate Performance (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_31.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.31. Nominal Effective Exchange Rate Performance (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_31.csv){rel="external" type="application/octet-stream"} - **Figure 1.32. Change in Official Reserves** - [Figure 1.32. Change in Official Reserves (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_32.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.32. Change in Official Reserves (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_32.csv){rel="external" type="application/octet-stream"} - **Figure 1.33. Sensitivity of Money Supply to Central Bank Foreign Assets** - [Figure 1.33. Sensitivity of Money Supply to Central Bank Foreign Assets (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_33.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.33. Sensitivity of Money Supply to Central Bank Foreign Assets (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_33.csv){rel="external" type="application/octet-stream"} - **Figure 1.34. Public Debt, Advanced Countries: Impact of Adverse Growth Shock** - [Figure 1.34. Public Debt, Advanced Countries: Impact of Adverse Growth Shock (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_34.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.34. Public Debt, Advanced Countries: Impact of Adverse Growth Shock (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_34.csv){rel="external" type="application/octet-stream"} - **Figure 1.4. Short-Term Uncertaintly Has Fallen, but Remains High in the Medium-Term** - [Figure 1.4. Short-Term Uncertaintly Has Fallen, but Remains High in the Medium-Term (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_4.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.4. Short-Term Uncertaintly Has Fallen, but Remains High in the Medium-Term (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_4.csv){rel="external" type="application/octet-stream"} - **Figure 1.41. Outstanding Local Currency Corporate Bonds** - [Figure 1.41. Outstanding Local Currency Corporate Bonds (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_41.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.41. Outstanding Local Currency Corporate Bonds (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_41.csv){rel="external" type="application/octet-stream"} - **Figure 1.42. Local Currency Governmetn and Corporate Bond Issuance** - [Figure 1.42. Local Currency Governmetn and Corporate Bond Issuance (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_42.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.42. Local Currency Governmetn and Corporate Bond Issuance (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_42.csv){rel="external" type="application/octet-stream"} - **Figure 1.43. Spread Between Prime Rate and Corporate Bond Yield Index** - [Figure 1.43. Spread Between Prime Rate and Corporate Bond Yield Index (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_43.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.43. Spread Between Prime Rate and Corporate Bond Yield Index (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_43.csv){rel="external" type="application/octet-stream"} - **Content unit: dataset overview** - [Content unit: dataset overview (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_6.csv.md){rel="alternate" type="text/markdown"} - [Content unit: dataset overview (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_6.csv){rel="external" type="application/octet-stream"} - **Figure 1.7. Impact of a Negative 1 Percent Growth Shcok from WEO Baseline, 2010-2015** - [Figure 1.7. Impact of a Negative 1 Percent Growth Shcok from WEO Baseline, 2010-2015 (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_7.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.7. Impact of a Negative 1 Percent Growth Shcok from WEO Baseline, 2010-2015 (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_7.csv){rel="external" type="application/octet-stream"} - **Figure 1.8. Sovereign Gross Funding Requirements** - [Figure 1.8. Sovereign Gross Funding Requirements (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/figure1_8.csv.md){rel="alternate" type="text/markdown"} - [Figure 1.8. Sovereign Gross Funding Requirements (CSV)](/external/pubs/ft/GFSR/2010/02/c1/figure1_8.csv){rel="external" type="application/octet-stream"} - **table1_1 dataset overview** - [table1_1 dataset overview (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/table1_1.csv.md){rel="alternate" type="text/markdown"} - [table1_1 dataset overview (CSV)](/external/pubs/ft/GFSR/2010/02/c1/table1_1.csv){rel="external" type="application/octet-stream"} - **Table 1.2. Low-Growth Shock: Impact Analysis and Rating** - [Table 1.2. Low-Growth Shock: Impact Analysis and Rating (Markdown version)](/external/pubs/ft/GFSR/2010/02/c1/table1_2.csv.md){rel="alternate" type="text/markdown"} - [Table 1.2. Low-Growth Shock: Impact Analysis and Rating (CSV)](/external/pubs/ft/GFSR/2010/02/c1/table1_2.csv){rel="external" type="application/octet-stream"} - **Figure 2.1. U.S. Private-Label Securitization Issuance by Type** - [Figure 2.1. U.S. Private-Label Securitization Issuance by Type (Markdown version)](/external/pubs/ft/GFSR/2010/02/c2/figure2_1.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.1. U.S. Private-Label Securitization Issuance by Type (CSV)](/external/pubs/ft/GFSR/2010/02/c2/figure2_1.csv){rel="external" type="application/octet-stream"} - **figure2_10 — Commercial Bank Funding Structure** - [figure2_10 — Commercial Bank Funding Structure (Markdown version)](/external/pubs/ft/GFSR/2010/02/c2/figure2_10.csv.md){rel="alternate" type="text/markdown"} - [figure2_10 — Commercial Bank Funding Structure (CSV)](/external/pubs/ft/GFSR/2010/02/c2/figure2_10.csv){rel="external" type="application/octet-stream"} - **Figure 2.11. United States: Funding Structure of Selected Largest Commercial and Investment Banks** - [Figure 2.11. United States: Funding Structure of Selected Largest Commercial and Investment Banks (Markdown version)](/external/pubs/ft/GFSR/2010/02/c2/figure2_11.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.11. United States: Funding Structure of Selected Largest Commercial and Investment Banks (CSV)](/external/pubs/ft/GFSR/2010/02/c2/figure2_11.csv){rel="external" type="application/octet-stream"} - **Figure 2.12. Bank Deposits versus Money Market Mutual Funds** - [Figure 2.12. Bank Deposits versus Money Market Mutual Funds (Markdown version)](/external/pubs/ft/GFSR/2010/02/c2/figure2_12.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.12. Bank Deposits versus Money Market Mutual Funds (CSV)](/external/pubs/ft/GFSR/2010/02/c2/figure2_12.csv){rel="external" type="application/octet-stream"} - **Figure 2.2. United States: Outstanding Amount of Commercial Paper** - [Figure 2.2. United States: Outstanding Amount of Commercial Paper (Markdown version)](/external/pubs/ft/GFSR/2010/02/c2/figure2_2.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.2. United States: Outstanding Amount of Commercial Paper (CSV)](/external/pubs/ft/GFSR/2010/02/c2/figure2_2.csv){rel="external" type="application/octet-stream"} - **Figure 2.3. Bank Bond Issuance** - [Figure 2.3. Bank Bond Issuance (Markdown version)](/external/pubs/ft/GFSR/2010/02/c2/figure2_3.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.3. Bank Bond Issuance (CSV)](/external/pubs/ft/GFSR/2010/02/c2/figure2_3.csv){rel="external" type="application/octet-stream"} - **Figure 2.4. Aggregate Bank Credit Default Swap Rate and Selected Spreads** - [Figure 2.4. Aggregate Bank Credit Default Swap Rate and Selected Spreads (Markdown version)](/external/pubs/ft/GFSR/2010/02/c2/figure2_4.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.4. Aggregate Bank Credit Default Swap Rate and Selected Spreads (CSV)](/external/pubs/ft/GFSR/2010/02/c2/figure2_4.csv){rel="external" type="application/octet-stream"} - **Figure 2.7. Share of Average Daily Turnover of Secured and Unsecured Lending** - [Figure 2.7. Share of Average Daily Turnover of Secured and Unsecured Lending (Markdown version)](/external/pubs/ft/GFSR/2010/02/c2/figure2_7.csv.md){rel="alternate" type="text/markdown"} - [Figure 2.7. Share of Average Daily Turnover of Secured and Unsecured Lending (CSV)](/external/pubs/ft/GFSR/2010/02/c2/figure2_7.csv){rel="external" type="application/octet-stream"} - **Box 3.1. Total Number of Countries Rated by Credit Rating Agencies** - [Box 3.1. Total Number of Countries Rated by Credit Rating Agencies (Markdown version)](/external/pubs/ft/GFSR/2010/02/c3/boxfigure3_1.csv.md){rel="alternate" type="text/markdown"} - [Box 3.1. Total Number of Countries Rated by Credit Rating Agencies (CSV)](/external/pubs/ft/GFSR/2010/02/c3/boxfigure3_1.csv){rel="external" type="application/octet-stream"} - **boxfigure3_6** - [boxfigure3_6 (Markdown version)](/external/pubs/ft/GFSR/2010/02/c3/boxfigure3_6.csv.md){rel="alternate" type="text/markdown"} - [boxfigure3_6 (CSV)](/external/pubs/ft/GFSR/2010/02/c3/boxfigure3_6.csv){rel="external" type="application/octet-stream"} - **Figure 3.1. Ratings of AAA-Rated U.s. Mortgage-Related Securities** - [Figure 3.1. Ratings of AAA-Rated U.s. Mortgage-Related Securities (Markdown version)](/external/pubs/ft/GFSR/2010/02/c3/figure3_1.csv.md){rel="alternate" type="text/markdown"} - [Figure 3.1. Ratings of AAA-Rated U.s. Mortgage-Related Securities (CSV)](/external/pubs/ft/GFSR/2010/02/c3/figure3_1.csv){rel="external" type="application/octet-stream"} - **Figure 3.2. Sovereign Rating and Outlook Changes** - [Figure 3.2. Sovereign Rating and Outlook Changes (Markdown version)](/external/pubs/ft/GFSR/2010/02/c3/figure3_2.csv.md){rel="alternate" type="text/markdown"} - [Figure 3.2. Sovereign Rating and Outlook Changes (CSV)](/external/pubs/ft/GFSR/2010/02/c3/figure3_2.csv){rel="external" type="application/octet-stream"} - **Figure 3.3. Moody's Sovereign Rating and Outlook Changes by Selected Regions, May 2007-June 2010** - [Figure 3.3. Moody's Sovereign Rating and Outlook Changes by Selected Regions, May 2007-June 2010 (Markdown version)](/external/pubs/ft/GFSR/2010/02/c3/figure3_3.csv.md){rel="alternate" type="text/markdown"} - [Figure 3.3. Moody's Sovereign Rating and Outlook Changes by Selected Regions, May 2007-June 2010 (CSV)](/external/pubs/ft/GFSR/2010/02/c3/figure3_3.csv){rel="external" type="application/octet-stream"} - **Figure 3.4. Rating Drivers, May 2007-June 2010** - [Figure 3.4. Rating Drivers, May 2007-June 2010 (Markdown version)](/external/pubs/ft/GFSR/2010/02/c3/figure3_4.csv.md){rel="alternate" type="text/markdown"} - [Figure 3.4. Rating Drivers, May 2007-June 2010 (CSV)](/external/pubs/ft/GFSR/2010/02/c3/figure3_4.csv){rel="external" type="application/octet-stream"} - **Figure 3.6 Impact of Change in Sovereign Ratings and Credit Warnings on Credit Default Swap Spread** - [Figure 3.6 Impact of Change in Sovereign Ratings and Credit Warnings on Credit Default Swap Spread (Markdown version)](/external/pubs/ft/GFSR/2010/02/c3/figure3_6.csv.md){rel="alternate" type="text/markdown"} - [Figure 3.6 Impact of Change in Sovereign Ratings and Credit Warnings on Credit Default Swap Spread (CSV)](/external/pubs/ft/GFSR/2010/02/c3/figure3_6.csv){rel="external" type="application/octet-stream"} - **Figure 3.7. Ratings One Year Prior to Sovereign Default, 1975-2009** - [Figure 3.7. Ratings One Year Prior to Sovereign Default, 1975-2009 (Markdown version)](/external/pubs/ft/GFSR/2010/02/c3/figure3_7.csv.md){rel="alternate" type="text/markdown"} - [Figure 3.7. Ratings One Year Prior to Sovereign Default, 1975-2009 (CSV)](/external/pubs/ft/GFSR/2010/02/c3/figure3_7.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/2010/02/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/2010/02/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/2010/02/sa/sa_figure10.csv.md){rel="alternate" type="text/markdown"} - [Figure 10. Flows into U.S.-Based Equity Funds (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure11.csv.md){rel="alternate" type="text/markdown"} - [Figure 11. United States: Corporate Bond Market (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure12.csv.md){rel="alternate" type="text/markdown"} - [Figure 12. Europe: Corporate Bond Market (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure13.csv.md){rel="alternate" type="text/markdown"} - [Figure 13. United States: Commercial Paper Market (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure14.csv.md){rel="alternate" type="text/markdown"} - [Figure 14. United States: Asset-Backed Securities (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure15.csv.md){rel="alternate" type="text/markdown"} - [Figure 15. Emerging Market Volatility Measures (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure16.csv.md){rel="alternate" type="text/markdown"} - [Figure 16. Emerging Market Debt Cross-Correlation Measures (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure2.csv.md){rel="alternate" type="text/markdown"} - [Figure 2. Exchange Rates: Selected Major Industrial Countries (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/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/2010/02/sa/sa_figure3.csv){rel="external" type="application/octet-stream"} - **Dataset overview** - [Dataset overview (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_figure4.csv.md){rel="alternate" type="text/markdown"} - [Dataset overview (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure5.csv.md){rel="alternate" type="text/markdown"} - [Figure 5. Nonfinancial Corporate Credit Spreads (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure6.csv.md){rel="alternate" type="text/markdown"} - [Figure 6. Equity Markets: Price Indices (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_figure7.csv.md){rel="alternate" type="text/markdown"} - [Figure 7. Implied and Historical Volatility in Equity Markets (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/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/2010/02/sa/sa_figure8.csv){rel="external" type="application/octet-stream"} - **Figure 9. Twelve-Month Forward Price/Earnings Ratios** - [Figure 9. Twelve-Month Forward Price/Earnings Ratios (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_figure9.csv.md){rel="alternate" type="text/markdown"} - [Figure 9. Twelve-Month Forward Price/Earnings Ratios (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table1.csv.md){rel="alternate" type="text/markdown"} - [Table 1. Global Financial Flows: Inflows and Outflows (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table1.csv){rel="external" type="application/octet-stream"} - **Table 10. MSCI Equity Market Indices** - [Table 10. MSCI Equity Market Indices (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table10.csv.md){rel="alternate" type="text/markdown"} - [Table 10. MSCI Equity Market Indices (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table10.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/2010/02/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/2010/02/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/2010/02/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/2010/02/sa/sa_table13.csv){rel="external" type="application/octet-stream"} - **Table 14. Emerging Market External Issuance: Bonds, Equities, and Loans** - [Table 14. Emerging Market External Issuance: Bonds, Equities, and Loans (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table14.csv.md){rel="alternate" type="text/markdown"} - [Table 14. Emerging Market External Issuance: Bonds, Equities, and Loans (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table14.csv){rel="external" type="application/octet-stream"} - **Table 15. Emerging Market External Issuance: Bonds** - [Table 15. Emerging Market External Issuance: Bonds (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table15.csv.md){rel="alternate" type="text/markdown"} - [Table 15. Emerging Market External Issuance: Bonds (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table15.csv){rel="external" type="application/octet-stream"} - **Table 16. Emerging Market External Issuance: Equities** - [Table 16. Emerging Market External Issuance: Equities (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table16.csv.md){rel="alternate" type="text/markdown"} - [Table 16. Emerging Market External Issuance: Equities (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table16.csv){rel="external" type="application/octet-stream"} - **Table 17. Emerging Market External Issuance: Loans** - [Table 17. Emerging Market External Issuance: Loans (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table17.csv.md){rel="alternate" type="text/markdown"} - [Table 17. Emerging Market External Issuance: Loans (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table18.csv.md){rel="alternate" type="text/markdown"} - [Table 18. Equity Valuation Measures: Dividend-Yield Ratios (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table19.csv.md){rel="alternate" type="text/markdown"} - [Table 19. Equity Valuation Measures: Price-to-Book Ratios (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table19.csv){rel="external" type="application/octet-stream"} - **Sa Table2** - [Sa Table2 (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table2.csv.md){rel="alternate" type="text/markdown"} - [Sa Table2 (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table20.csv.md){rel="alternate" type="text/markdown"} - [Table 20. Equity Valuation Measures: Price/Earnings Ratios (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table21.csv.md){rel="alternate" type="text/markdown"} - [Table 21. Emerging Markets: Mutual Fund Flows (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table22.csv.md){rel="alternate" type="text/markdown"} - [Table 22. Bank Regulatory Capital to Risk-Weighted Assets (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table23.csv.md){rel="alternate" type="text/markdown"} - [Table 23. Bank Capital to Assets (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table23.csv){rel="external" type="application/octet-stream"} - **Table 24. Bank Nonperforming Loans to Total Loans** - [Table 24. Bank Nonperforming Loans to Total Loans (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table24.csv.md){rel="alternate" type="text/markdown"} - [Table 24. Bank Nonperforming Loans to Total Loans (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table25.csv.md){rel="alternate" type="text/markdown"} - [Table 25. Bank Provisions to Nonperforming Loans (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table26.csv.md){rel="alternate" type="text/markdown"} - [Table 26. Bank Return on Assets (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table27.csv.md){rel="alternate" type="text/markdown"} - [Table 27. Bank Return on Equity (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table27.csv){rel="external" type="application/octet-stream"} - **Table 3. Selected Indicators on the Size of the Capital Markets, 2009** - [Table 3. Selected Indicators on the Size of the Capital Markets, 2009 (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table3.csv.md){rel="alternate" type="text/markdown"} - [Table 3. Selected Indicators on the Size of the Capital Markets, 2009 (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table3.csv){rel="external" type="application/octet-stream"} - **Sa Table4** - [Sa Table4 (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table4.csv.md){rel="alternate" type="text/markdown"} - [Sa Table4 (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table4.csv){rel="external" type="application/octet-stream"} - **Sa Table5** - [Sa Table5 (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table5.csv.md){rel="alternate" type="text/markdown"} - [Sa Table5 (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table5.csv){rel="external" type="application/octet-stream"} - **Sa Table6** - [Sa Table6 (Markdown version)](/external/pubs/ft/GFSR/2010/02/sa/sa_table6.csv.md){rel="alternate" type="text/markdown"} - [Sa Table6 (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table7.csv.md){rel="alternate" type="text/markdown"} - [Table 7. United States: Sectoral Balance Sheets (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table8.csv.md){rel="alternate" type="text/markdown"} - [Table 8. Japan: Sectoral Balance Sheets1 (CSV)](/external/pubs/ft/GFSR/2010/02/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/2010/02/sa/sa_table9.csv.md){rel="alternate" type="text/markdown"} - [Table 9. Europe: Sectoral Balance Sheets (CSV)](/external/pubs/ft/GFSR/2010/02/sa/sa_table9.csv){rel="external" type="application/octet-stream"} - **موجز للصحافة للتقرير الاستقرار المالي العالمي** - [موجز للصحافة للتقرير الاستقرار المالي العالمي (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2010/02/pdf/_pressapdf.pdf.md){rel="alternate" type="text/markdown"} - [موجز للصحافة للتقرير الاستقرار المالي العالمي (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2010/02/pdf/_pressapdf.pdf){rel="external" type="application/pdf"} - **ملخص واف عن التقرير الإستقرار المالي العالمي** - [ملخص واف عن التقرير الإستقرار المالي العالمي (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2010/02/pdf/suma.pdf.md){rel="alternate" type="text/markdown"} - [ملخص واف عن التقرير الإستقرار المالي العالمي (PDF)](/-/media/websites/imf/imported-flagship-issues/external/arabic/pubs/ft/gfsr/2010/02/pdf/suma.pdf){rel="external" type="application/pdf"} - **2010年10月期《全球金融稳定报告》第二, 三章新闻发布要点** - [2010年10月期《全球金融稳定报告》第二, 三章新闻发布要点 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2010/02/pdf/_presscpdf.pdf.md){rel="alternate" type="text/markdown"} - [2010年10月期《全球金融稳定报告》第二, 三章新闻发布要点 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2010/02/pdf/_presscpdf.pdf){rel="external" type="application/pdf"} - **2010年10月期《全球金融稳定报告》概要** - [2010年10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/2010/02/pdf/sumc.pdf.md){rel="alternate" type="text/markdown"} - [2010年10月期《全球金融稳定报告》概要 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/chinese/pubs/ft/gfsr/2010/02/pdf/sumc.pdf){rel="external" type="application/pdf"} - **Pressfpdf** - [Pressfpdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2010/02/pdf/_pressfpdf.pdf.md){rel="alternate" type="text/markdown"} - [Pressfpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2010/02/pdf/_pressfpdf.pdf){rel="external" type="application/pdf"} - **Rapport sur la stabilité financière dans le monde** - [Rapport sur la stabilité financière dans le monde (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2010/02/pdf/sumf.pdf.md){rel="alternate" type="text/markdown"} - [Rapport sur la stabilité financière dans le monde (PDF)](/-/media/websites/imf/imported-flagship-issues/external/french/pubs/ft/gfsr/2010/02/pdf/sumf.pdf){rel="external" type="application/pdf"} - **国際金融安定性報告書** - [国際金融安定性報告書 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2010/02/pdf/_pressjpdf.pdf.md){rel="alternate" type="text/markdown"} - [国際金融安定性報告書 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2010/02/pdf/_pressjpdf.pdf){rel="external" type="application/pdf"} - **国際金融安定報告書** - [国際金融安定報告書 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2010/02/pdf/sumj.pdf.md){rel="alternate" type="text/markdown"} - [国際金融安定報告書 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/japanese/pubs/ft/gfsr/2010/02/pdf/sumj.pdf){rel="external" type="application/pdf"} - **figure 2_10** - [figure 2_10 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure210pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 2_10 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure210pdf.pdf){rel="external" type="application/pdf"} - **figure 2_11** - [figure 2_11 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure211pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 2_11 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure211pdf.pdf){rel="external" type="application/pdf"} - **figure 2_12** - [figure 2_12 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure212pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 2_12 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure212pdf.pdf){rel="external" type="application/pdf"} - **figure 2_1** - [figure 2_1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure21pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 2_1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure21pdf.pdf){rel="external" type="application/pdf"} - **figure 2_2** - [figure 2_2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure22pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 2_2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure22pdf.pdf){rel="external" type="application/pdf"} - **figure 2_3** - [figure 2_3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure23pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 2_3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure23pdf.pdf){rel="external" type="application/pdf"} - **figure 2_4** - [figure 2_4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure24pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 2_4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure24pdf.pdf){rel="external" type="application/pdf"} - **figure 2_7** - [figure 2_7 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure27pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 2_7 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c2/_figure27pdf.pdf){rel="external" type="application/pdf"} - **box figure 3_1** - [box figure 3_1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_boxfigure31pdf.pdf.md){rel="alternate" type="text/markdown"} - [box figure 3_1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_boxfigure31pdf.pdf){rel="external" type="application/pdf"} - **Boxfigure36pdf** - [Boxfigure36pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_boxfigure36pdf.pdf){rel="external" type="application/pdf"} - **figure 3_1** - [figure 3_1 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_figure31pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 3_1 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/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/2010/02/c3/_figure32pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 3_2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/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/2010/02/c3/_figure33pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 3_3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_figure33pdf.pdf){rel="external" type="application/pdf"} - **figure 3_4** - [figure 3_4 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_figure34pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 3_4 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_figure34pdf.pdf){rel="external" type="application/pdf"} - **figure 3_6** - [figure 3_6 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_figure36pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 3_6 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_figure36pdf.pdf){rel="external" type="application/pdf"} - **figure 3_7** - [figure 3_7 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_figure37pdf.pdf.md){rel="alternate" type="text/markdown"} - [figure 3_7 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/c3/_figure37pdf.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/2010/02/pdf/_annexpdf.pdf.md){rel="alternate" type="text/markdown"} - [Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_annexpdf.pdf){rel="external" type="application/pdf"} - **chapter 1 econoMIc uncertaInty, sovereIgn rIsk, and FInancIal FragIlItIes** - [chapter 1 econoMIc uncertaInty, sovereIgn rIsk, and FInancIal FragIlItIes (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_chap1pdf.pdf.md){rel="alternate" type="text/markdown"} - [chapter 1 econoMIc uncertaInty, sovereIgn rIsk, and FInancIal FragIlItIes (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_chap1pdf.pdf){rel="external" type="application/pdf"} - **chapter 2 systeMIc lIquIdIty rIsk: IMprovIng the resIlIence oF FInancIal InstItutIons and Markets** - [chapter 2 systeMIc lIquIdIty rIsk: IMprovIng the resIlIence oF FInancIal InstItutIons and Markets (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_chap2pdf.pdf.md){rel="alternate" type="text/markdown"} - [chapter 2 systeMIc lIquIdIty rIsk: IMprovIng the resIlIence oF FInancIal InstItutIons and Markets (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_chap2pdf.pdf){rel="external" type="application/pdf"} - **CHApTER 3 tHe uses and aBuses oF sovereIgn credIt ratIngs** - [CHApTER 3 tHe uses and aBuses oF sovereIgn credIt ratIngs (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_chap3pdf.pdf.md){rel="alternate" type="text/markdown"} - [CHApTER 3 tHe uses and aBuses oF sovereIgn credIt ratIngs (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_chap3pdf.pdf){rel="external" type="application/pdf"} - **Contentspdf** - [Contentspdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/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/2010/02/pdf/_glossarypdf.pdf.md){rel="alternate" type="text/markdown"} - [Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_glossarypdf.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/2010/02/pdf/_prefacepdf.pdf.md){rel="alternate" type="text/markdown"} - [Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_prefacepdf.pdf){rel="external" type="application/pdf"} - **Press Points for Chapter 1: Economic Uncertainty, Sovereign Risk, and Financial Fragilities** - [Press Points for Chapter 1: Economic Uncertainty, Sovereign Risk, and Financial Fragilities (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_press1pdf.pdf.md){rel="alternate" type="text/markdown"} - [Press Points for Chapter 1: Economic Uncertainty, Sovereign Risk, and Financial Fragilities (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_press1pdf.pdf){rel="external" type="application/pdf"} - **_press2pdf** - [_press2pdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_press2pdf.pdf.md){rel="alternate" type="text/markdown"} - [_press2pdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_press2pdf.pdf){rel="external" type="application/pdf"} - **Press Points for Chapter Three: The Uses and Abuses of Sovereign Credit Ratings** - [Press Points for Chapter Three: The Uses and Abuses of Sovereign Credit Ratings (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_press3pdf.pdf.md){rel="alternate" type="text/markdown"} - [Press Points for Chapter Three: The Uses and Abuses of Sovereign Credit Ratings (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_press3pdf.pdf){rel="external" type="application/pdf"} - **GFSR October 2010 -- Press Points** - [GFSR October 2010 -- Press Points (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_presspdf.pdf.md){rel="alternate" type="text/markdown"} - [GFSR October 2010 -- Press Points (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_presspdf.pdf){rel="external" type="application/pdf"} - **Statappxpdf** - [Statappxpdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_statappxpdf.pdf.md){rel="alternate" type="text/markdown"} - [Statappxpdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_statappxpdf.pdf){rel="external" type="application/pdf"} - **systemic liquidity risk: improving the resilience of financial institutions and markets2** - [systemic liquidity risk: improving the resilience of financial institutions and markets2 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_sum2pdf.pdf.md){rel="alternate" type="text/markdown"} - [systemic liquidity risk: improving the resilience of financial institutions and markets2 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_sum2pdf.pdf){rel="external" type="application/pdf"} - **The Uses and Abuses of Sovereign Credit Ratings3** - [The Uses and Abuses of Sovereign Credit Ratings3 (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_sum3pdf.pdf.md){rel="alternate" type="text/markdown"} - [The Uses and Abuses of Sovereign Credit Ratings3 (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_sum3pdf.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/2010/02/pdf/_summarypdf.pdf.md){rel="alternate" type="text/markdown"} - [Global Financial Stability Report (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_summarypdf.pdf){rel="external" type="application/pdf"} - **GLOBAL FINANCIAL STABILitY REPORT sovereIgns, FundIng, and systeMIc lIquIdIty** - [GLOBAL FINANCIAL STABILitY REPORT sovereIgns, FundIng, and systeMIc lIquIdIty (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_textpdf.pdf.md){rel="alternate" type="text/markdown"} - [GLOBAL FINANCIAL STABILitY REPORT sovereIgns, FundIng, and systeMIc lIquIdIty (PDF)](/-/media/websites/imf/imported-flagship-issues/external/pubs/ft/gfsr/2010/02/pdf/_textpdf.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/2010/02/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/2010/02/pdf/_pressrpdf.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/2010/02/pdf/sumr.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/2010/02/pdf/sumr.pdf){rel="external" type="application/pdf"} - **Pressspdf** - [Pressspdf (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2010/02/pdf/_pressspdf.pdf.md){rel="alternate" type="text/markdown"} - [Pressspdf (PDF)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2010/02/pdf/_pressspdf.pdf){rel="external" type="application/pdf"} - **Informe sobre la Estabilidad Financiera Mundial - Octubre de 2010 -- Resumen General** - [Informe sobre la Estabilidad Financiera Mundial - Octubre de 2010 -- Resumen General (Markdown version)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2010/02/pdf/sums.pdf.md){rel="alternate" type="text/markdown"} - [Informe sobre la Estabilidad Financiera Mundial - Octubre de 2010 -- Resumen General (PDF)](/-/media/websites/imf/imported-flagship-issues/external/spanish/pubs/ft/gfsr/2010/02/pdf/sums.pdf){rel="external" type="application/pdf"} --- ## References - [Sign up to receive free e-mail notices when new series and/or country items are posted on the IMF website.](https://www.imf.org/en/email-subscription/index) - [Modify your profile](https://www.imf.org/en/email-subscription/login) - [https://www.imf.org/external/mmedia/view.aspx?vid=624932026001](https://www.imf.org/external/mmedia/view.aspx?vid=624932026001) - [Spanish version](https://www.imf.org/external/mmedia/view.aspx?vid=624932025001) - [http://www.imf.org/external/mmedia/view.aspx?vid=619542444001](http://www.imf.org/external/mmedia/view.aspx?vid=619542444001) - [http://www.imf.org/external/mmedia/view.aspx?vid=619701770001](http://www.imf.org/external/mmedia/view.aspx?vid=619701770001) - [- Webcast of GFSR press briefing, September 29, 2010](http://www.imf.org/external/mmedia/view.aspx?vid=620978295001) - [- Transcript](http://www.imf.org/external/np/tr/2010/tr092910.htm) - [Ordering Information](https://www.imf.org/external/pubs/cat/longres.cfm?sk=23543.0) - [Disclaimer](https://www.imf.org/external/terms.htm) - [Video](http://www.imf.org/external/mmedia/view.aspx?vid=624932026001) - [https://www.imf.org/en/home](https://www.imf.org/en/home) _Source: https://www.imf.org/en/publications/gfsr/issues/2016/12/31/sovereigns-funding-and-systemic-liquidity_