Front Matter

Front Matter

International Monetary Fund. Monetary and Capital Markets Department
Published Date:
June 2002
    • ShareShare
    Show Summary Details

    © 2002 International Monetary Fund

    Production: IMF Graphics Section

    Cover: Massoud Etemadi

    Figures: Theodore F. Peters Jr.

    Typesetting: Choon Lee

    ISBN 1-58906-131-4

    ISSN 0258-7440

    Price: US$42.00

    (US$35.00 to full-time faculty members and students at universities and colleges)

    Please send orders to:

    International Monetary Fund, Publication Services

    700 19th Street, N.W., Washington, D.C. 20431, U.S.A.

    Tel.: (202) 623-7430  Telefax: (202) 623-7201



    The following symbols have been used throughout this volume:

    • … to indicate that data are not available;

    • — to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

    • – between years or months (for example, 1997-99 or January-June) to indicate the years or months covered, including the beginning and ending years or months;

    • / between years (for example, 1998/99) to indicate a fiscal or financial year.

    “Billion” means a thousand million; “trillion” means a thousand billion.

    “Basis points” refer to hundredths of 1 percentage point (for example, 25 basis points are equivalent to ¼ of 1 percentage point).

    “n.a.” means not applicable.

    Minor discrepancies between constituent figures and totals are due to rounding.

    As used in this volume the term “country” does not in all cases refer to a territorial entity that is a state as understood by international law and practice. As used here, the term also covers some territorial entities that are not states but for which statistical data are maintained on a separate and independent basis.


    This is the second issue of the Global Financial Stability Report, a quarterly publication launched in March 2002 to provide a regular assessment of global financial markets and to identify potential systemic weaknesses that could lead to crises. By calling attention to potential fault lines in the global financial system, the report seeks to play a role in preventing crises before they erupt, thereby contributing to global financial stability and to the prosperity of the IMF’s member countries.

    The report was prepared by the International Capital Markets Department, under the direction of the Counsellor and Director, Gerd Hausler. It is managed by an Editorial Committee comprised of Hung Q. Tran (Chairman), Donald J. Mathieson, and Garry J. Schinasi, and benefits from comments and suggestions from William E. Alexander, Charles R. Blitzer, Peter Dattels, David Ordoobadi, and Effie L. Psalida. Other contributors to the report are Torbjorn Becker, Peter Breuer, Jorge Chan Lau, Martin Edmonds, Anna Ilyina, Kenneth Kang, Charles Kramer, Subir Lall, Gabrielle Lipworth, Chris Morris, Martin Mühleisen, Ramana Ramaswamy, Jorge Roldos, Calvin Schnure, Srikant Seshadri, R. Todd Smith, Mazen Soueid, and Amadou Sy. Anne Jansen, Oksana Khadarina, Yoon Sook Kim, Advin Pagtakhan, and Peter Tran provided research assistance. Caroline Bagworth, Vera Jasenovec, Ramanjeet Singh, Adriana Vohden, and Joan Wise provided expert word processing assistance. Jeff Hayden of the External Relations Department edited the manuscript and coordinated production of the publication.

    This particular issue draws, in part, on a series of informal discussions with commercial and investment banks, securities firms, asset management companies, insurance companies, pension funds, stock and futures exchanges, and credit rating agencies in China, Germany, Hong Kong SAR, Hungary, Italy, Japan, Poland, Singapore, Switzerland, Thailand, the United Kingdom, and the United States. The report reflects mostly information available up to May 10, 2002.

    The study has benefited from comments and suggestions from staff in other IMF departments, as well as from Executive Directors following their discussions of the Global Financial Stability Report on May 29, 2002. However, the analysis and policy considerations are those of the contributing staff and should not be attributed to the Executive Directors, their national authorities, or the IMF.

      You are not logged in and do not have access to this content. Please login or, to subscribe to IMF eLibrary, please click here

      Other Resources Citing This Publication