The April 2014 Global Financial Stability Report finds that, despite much progress, the global financial system remains in a transitional period with stability conditions far from normal. Advanced and emerging market economies alike need to make a successful shift from liquidity- to growth-driven markets, which will require a number of elements, including a normalization of U.S. monetary policy; financial rebalancing in emerging markets; further progress in the euro area integration; and continued implementation of aAbenomicsa in Japan. This report also examines how changes in the investor base and financial deepening affect emerging market economies as well as looks at the issue of banks considered too important to fail, providing new estimates of the implicit funding subsidy these banks receive.Debt has declined most sharply in Greece, Ireland, the United Kingdom, and the United States. But debt ... 4High gross debt in Ireland in part reflects its role as an international financial services center. ... 4 International Monetary Fund |April 2014 GLOBAL FINANCIAL STABILITY REPORT: MOVING FROM LIQUIDITY- TO anbsp;...
|Title||:||Global Financial Stability Report, April 2014: Moving from Liquidity- to Growth-Driven Markets|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2014-04-09|