Global Financial Stability Report: Navigating the Financial Challenges Ahead (World Economic and Financial Surveys, 0258-7440)

The October 2009 Global Financial Stability Report chronicles the evolution of the path toward reestablishing sound credit intermediation and the near-term risks that could interrupt its restoration, including the rising burden of sovereign financing. The report addresses how to restart securitization markets and the pitfalls if done improperly. The effectiveness of unconventional public sector interventions and the principles for disengagement are discussed. The report also discusses the design of medium-term policies that aim to reshape the financial system to make it more resilient and stable. Examines global financial markets and emerging market financing in a global context. This book focuses on the conditions in global financial markets, highlighting issues of financial imbalances, and of a structural nature that could pose risks to financial market stability.