(September 2005) - Global Financial Stability Report - Market Development and Issues

Author: International Monetary Fund
Publisher:
Publication Date: 2006-01-01
Features: This report aims to assess the dynamics of global financial markets to identify potential systemic vulnerabilities. By drawing attention to potential issues in the global financial system, it seeks to contribute to crisis prevention, thereby enhancing global financial stability and the sustained economic growth of IMF member countries. Additionally, this report provides in-depth discussions on topics such as foreign direct investment in emerging market economies, Russia's corporate bond market, high-yield bonds, Islamic bonds in Malaysia, and the supply and demand factors affecting the corporate bond markets of China and India. The dynamics of global asset allocation stem not only from cyclical considerations but also from long-term changes in financial markets. This report delves into certain structural trends that have driven this process and analyzes their implications for the IMF's multilateral surveillance work. This report aims to assess the dynamics of global financial markets to identify potential systemic vulnerabilities. By drawing attention to potential issues in the global financial system, it seeks to contribute to crisis prevention, thereby enhancing global financial stability and the sustained economic growth of IMF member countries. Additionally, this report provides in-depth discussions on topics such as foreign direct investment in emerging market economies, Russia's corporate bond market, high-yield bonds, Islamic bonds in Malaysia, and the supply and demand factors affecting the corporate bond markets of China and India. The dynamics of global asset allocation stem not only from cyclical considerations but also from long-term changes in financial markets. This report delves into certain structural trends that have driven this process and analyzes their implications for the IMF's multilateral surveillance work.