It is a semiannual report by the International Monetary Fund (IMF) that assesses the stability of global financial markets and emerging market financing.
The Global Financial Stability Report focuses on current conditions especially financial and structural imbalances that could risk an upset in global financial stability and access to financing by emerging market countries.
The topics covered in the report include systemic risk assessments, debt management, emerging markets and current crises that impact the global financial picture.
Key Findings
The October 2017 Global Financial Stability Report (GFSR) finds that the global financial system continues to strengthen in response to extraordinary policy support, regulatory enhancements and the cyclical upturn in growth.
Global bank balance sheets are stronger because of improved capital and liquidity amid tighter regulation and heightened market scrutiny.
According to the report, thevulnerabilities are shifting to the nonbank sector and market risks are rising. These challenges must be managed carefully to avoid putting growth at risk.
The report also examines the short and medium term implications for economic growth and financial stability of the past decades’ rise in household debt.
It documents large differences in household debt to GDP ratios across countries.
