Global Financial Stability Report April 2006: Market Development And Issues (World Economic Outlook & Financial Surveys)

This report assesses global financial market developments and potential systemic weaknesses, in order to help promote global financial stability, and sustained economic growth. This issue draws, in part, on a series of informal discussions with a range of organisations including commercial and investment banks, insurance companies and pension funds, as well as regulatory authorities, in many countries; and it is based on information available up to February 10, 2006. Topics discussed include: cyclical challenges facing financial markets; the influence of credit derivative and structured credit markets on financial stability; and structural changes in emerging market sovereign debt.