Böcker i World economic and financial surveys-serien

Provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. This report focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers.

Finds that short-term risks to financial stability have increased somewhat since the previous Global Financial Stability Report. Medium-term risks are still elevated as financial vulnerabilities, which have built up during the years of accommodative policies.

After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies.

Several events have demonstrated the fragility of the global financial system and raised fundamental questions about the effectiveness of the response by private and public sector institutions. This report assesses the vulnerabilities that the system is facing and offers tentative conclusions and policy lessons.

The COVID-19 pandemic has caused dramatic loss of human life and major damage to the European economy, but thanks to an exceptionally strong policy response, potentially devastating outcomes have been avoided.