Global Financial Stability Report, March 2003: Market Developments and Issues
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Summary:
This March 2003 issue of the Global Financial Stability Report highlights that the supportive stance of monetary policy in the major economies, coupled with more risk-averse behavior by both institutional and retail investors, has contributed to a sizable buildup of cash positions. A partial mobilization of these cash positions in the fourth quarter of 2002 helped fuel a short-lived stock market rally, led to a narrowing of credit spreads on mature and emerging bonds, and contributed to an increase in flows to emerging market borrowers.
Series:
Global Financial Stability Report No. 2003/001
Subject:
Derivative markets Emerging and frontier financial markets Financial institutions Financial markets Securities markets Stock markets Stocks
English
Publication Date:
March 26, 2003
ISBN/ISSN:
9781589062108/1729-701X
Stock No:
GFSREA0012003
Pages:
162
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