Financial Conditions Have Eased, but Insolvencies Loom Large
The Global Financial Stability Update at a Glance
interest rates have declined, leading to an overall easing of financial conditions.
market sentiment, including in emerging markets, where asset purchases have been deployed in a
number of countries for the first time, helping bring about the easing in financial conditions.
economy has emerged, a vulnerability that could pose a threat to the recovery should investor risk
levels of debt may become unmanageable for some borrowers, and the losses resulting from
insolvencies could test bank resilience in some countries.
dried up for some countries.
vulnerabilities and safeguard financial stability.