Bericht zur globalen Finanzstabilität im September 2011

The Global Financial Stability Report (GFSR) assesses key risks facing the global financial system with a view to identifying those that represent systemic vulnerabilities. In normal times, the report seeks to play a role in preventing crises by highlighting policies that may mitigate systemic risks, thereby contributing to global financial stability and the sustained economic growth of the IMF’s member countries. Against the background of the weak economic recovery and slippage in global financial stability, the current report highlights how risks have changed over the last six months, traces the sources and channels of financial distress, with an emphasis on sovereign vulnerabilities and contagion risks, notes the pressures arising from growing investor search for yield, discusses the implications of changes to global asset allocation patterns, and provides considerations on operationalizing macroprudential policies.