iOS app Android app

Global Financial Stability Report

Global Financial Stability: Vulnerabilities, Legacies, and Policy Challenges

José Viñals | Posted 10.07.2015 | Business
José Viñals

A collective effort to deliver a policy upgrade is needed urgently to face up to rising challenges in an uncertain world, to ensure financial stability and better growth prospects. Three percent of global output is at stake.

Financial Risks Rise Amid Uneven Global Economic Recovery

José Viñals | Posted 06.15.2015 | Business
José Viñals

Additional policy measures -- beyond monetary policies -- are vital to make a durable exit from the global financial crisis and to safeguard financial stability. Crisis legacies need to be addressed. The traction of monetary policies must be increased with complementary reforms and financial excesses need to be contained.

The New Global Imbalance: Too Much Financial Risk-Taking, Not Enough Economic-Risk Taking

José Viñals | Posted 12.08.2014 | Business
José Viñals

I have three key messages for you today: 1. Policymakers are facing a new global imbalance: not enough economic risk-taking in support of growth, but...

Global Financial Stability: Beginning to Turn the Corner

José Viñals | Posted 06.09.2014 | Business
José Viñals

Global financial stability is improving -- we have begun to turn the corner. But it is too early to declare victory as there is a need to move beyond liquidity dependence -- the central theme of our report -- to overcome the remaining challenges to global stability.

Transitions to Financial Stability: A Bumpy Ride

José Viñals | Posted 01.23.2014 | Business
José Viñals

The global financial system faces several major transitions along the road to greater financial stability. These transitions will be challenging because they are accompanied by substantial risks.

How to Sustain Recent Financial Gains: Fix Old Risks and Meet New Challenges

José Viñals | Posted 06.17.2013 | Business
José Viñals

Policymakers' decisive actions since our last report in October have increased global financial stability by reducing acute risks. In the euro area,...

Time Not on Our Side: Tough Decisions Needed to Strengthen Financial Stability

José Viñals | Posted 10.10.2012 | Business
José Viñals

The forces of financial and economic fragmentation have widened the divide between countries at the core and the "periphery" of the euro zone. Can this process of fragmentation be reversed?

Seven Billion Reasons to Worry: the Financial Impact of Living Longer

Erik Oppers | Posted 06.11.2012 | Business
Erik Oppers

It turns out, unfortunately, that the financial and fiscal problems associated with longevity may be a lot bigger than we thought. The good news is that if we act now, we can find solutions that limit hardship and disruption.

How to Exit the Danger Zone: IMF Update on Global Financial Stability

José Viñals | Posted 04.02.2012 | Business
José Viñals

The global financial system remains fragile. It is urgent to restore confidence in the euro area and beyond. Otherwise we run the risk of a deepening of the crisis, with far-reaching global economic and social consequences.

The Danger Zone: Financial Stability Risks Soar

José Viñals | Posted 11.22.2011 | Business
José Viñals

Several shocks have recently buffeted the global financial system: unequivocal signs of a broader global economic slowdown; fresh market turbulence in the euro area; and the credit downgrade of the United States.

Interest Rates and Investor Decisions: The Long and Short of It

Erik Oppers | Posted 11.13.2011 | Business
Erik Oppers

What drives the investment decisions of investors with a longer time horizon? Our research found these investors generally do not look at differences in interest rates among countries when deciding where to invest.

Tough Political Decisions Needed to Fix the Financial System

José Viñals | Posted 08.20.2011 | Business
José Viñals

We are now in a new phase of the crisis -- the political phase -- and tough political decisions need to be made. Time is of the essence.

Avoiding Another Year of Living Dangerously: Time to Secure Financial Stability

José Viñals | Posted 06.13.2011 | Business
José Viñals

We've slipped well beyond a year and the financial system is still flirting with danger. Durable financial stability has, so far, proven elusive.

'Combination of Worries' Gets Attention in Davos (Video)

iMFdirect | Posted 05.25.2011 | Business
iMFdirect

Europe's sovereign debt crisis, fiscal challenges in advanced economies, concerns about overheating in emerging market countries, and the impact of rising food prices. These were the hot topics this year in Davos.

Time Waits for No Man: How to Secure Financial Stability in 2011

José Viñals | Posted 05.25.2011 | Business
José Viñals

In emerging markets, policymakers must act now to avoid future crises. It is important to maintain the appropriate mix of macroeconomic and prudential financial policies to deal with the challenges posed by capital inflows.

Breaking the Buck--Reducing Systemic Risks Posed by Money Market Mutual Funds

Jeanne Gobat | Posted 05.25.2011 | Business
Jeanne Gobat

By Jeanne Gobat The breakdown of the short-term funding markets was one of the most striking features of the global financial crisis. Equally astonis...

Financial System Fragilities - Achilles' Heel of Economic Recovery

José Viñals | Posted 05.25.2011 | Business
José Viñals

For emerging market policymakers, the main challenge will be to tackle the macroeconomic and financial challenges of sizable, and potentially volatile, capital inflows

IMF Sees Financial Risks Still Elevated

José Viñals | Posted 05.25.2011 | Business
José Viñals

If the legacy of the present crisis and emerging sovereign risks are not addressed, we run the very real risk of undermining the recovery and extending the financial crisis into a new phase.