The IMF released recently its twice-yearly Global Financial Stability Report. The Global Financial Stability Report provides semi-annual assessments of global financial markets and addresses emerging market financing in a global context.
The report scales down its previous estimate, made in April, of the total financial losses resulting from the global financial crisis. The IMF now estimates that the total write-downs banks will have to assume will be $2.8 trillion versus its earlier estimate of $3.4 trillion.
The IMF’s Global Financial Stability Report (238 pages) is available in English on the Fund’s web site along with summaries in eight other languages:
More here: http://www.imf.org/external/pubs/ft/gfsr/2009/02/index.htm
Comments