Global Financial Stability Report, April 2018: A Bumpy Road Ahead

Global Financial Stability Report, April 18, 2018

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Global Financial Stability Report, April 2018: A Bumpy Road Ahead

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Bibliographic details

• Published: April 18, 2018
• Series: Global Financial Stability Report
• DOI: https://doi.org/10.5089/9781484338292.082

Executive summary and main findings

• Short-term risks to financial stability have increased somewhat since the previous GFSR.
• Medium-term risks are still elevated as financial vulnerabilities, which have built up during the years of accommodative policies, could mean a bumpy road ahead and put growth at risk.
• The report examines the short- and medium-term implications for downside risks to growth and financial stability of the riskiness of corporate credit allocation.
• The report documents the cyclical nature of the riskiness of corporate credit allocation at the global and country levels and its sensitivity to financial conditions, lending standards, and policy and institutional settings.
• Another chapter analyzes whether and how house prices move in tandem across countries and major cities around the world (global house price synchronicity).

Scope and subjects covered

• Subject areas: Banking; Credit; Credit booms; Emerging and frontier financial markets; Financial markets; Housing prices; Money; Prices; Technology; Virtual currencies.
• Keywords emphasized: a number of emerging market economies; Credit; credit allocation; Credit booms; credit growth; credit origination standard; credit spread; cyclicality of the riskiness; Emerging and frontier financial markets; emerging market economy; financial condition; financial conditions reverse; financial leverage; GFSR; Global; house price; Housing prices; interaction terms; liquidity mismatch; market; riskiness of credit allocation; Virtual currencies.

Analysis themes

• Riskiness of corporate credit allocation
  • Cyclical behavior documented at global and country levels.
  • Sensitivity to financial conditions, lending standards, and policy and institutional settings.
  • Short- and medium-term implications for downside risks to growth and financial stability are explored.
• Global house price synchronicity
  • Analysis of whether and how house prices move in tandem across countries and major cities.

References

• https://www.imf.org/en/publications/gfsr
• United States and the IMF
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• Banking
• Credit
• Credit booms
• Emerging and frontier financial markets
• Financial markets
• Housing prices
• Money
• Prices
• Technology
• Virtual currencies
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