Global Financial Stability Report, October 2017: Is Growth at Risk?

October 11, 2017

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Global Financial Stability Report, October 2017: Is Growth at Risk?, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

The October 2017 Global Financial Stability Report finds that the global financial system continues to strengthen in response to extraordinary policy support, regulatory enhancements, and the cyclical upturn in growth. It also includes a chapter that 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 but a common increasing trajectory that was moderated but not reversed by the global financial crisis. Another chapter develops a new macroeconomic measure of financial stability by linking financial conditions to the probability distribution of future GDP growth and applies it to a set of 20 major advanced and emerging market economies. The chapter shows that changes in financial conditions shift the whole distribution of future GDP growth.

Subject: Banking, Consumption, Credit, Emerging and frontier financial markets, Financial crises, Financial institutions, Financial markets, Financial sector policy and analysis, Financial sector risk, Global financial crisis of 2008-2009, Global systemically important banks, Income, Money, National accounts

Keywords: Africa, Consumption, Credit, Credit market participation, Emerging and frontier financial markets, Financial condition, Financial leverage, Financial sector risk, Fixed income, GDP growth, GFSR, Global, Global financial crisis of 2008-2009, Global financial system, Global systemically important banks, Growth risk, Household debt, IMF executive board discussion summary, Income, Labor market distortion, Market, Quarter FCI, Return on assets, Risk, Risk appetite, Risks to growth, Univariate financial conditions index

Publication Details

Pages:

136
Volume:

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DOI:

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Issue:

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Series:

Global Financial Stability Report No. 2017/002
Stock No:

GFSREA2017002
ISBN:

9781484308394
ISSN:

1729-701X

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