The IMF's April 2016 Global Financial Stability Report What Policies Could Normalize Mark

Over the last six months, risks to global financial stability have risen, according to the International Monetary Fund’s April 2016 Global Financial Stability Report. In advanced economies, the outlook has deteriorated because of heightened uncertainty and setbacks to growth and confidence. Disruptions to global asset markets have added to these pressures. Declines in oil and commodity prices have kept risks elevated in emerging markets, while greater uncertainty about China’s growth transition has increased spillovers to global markets. These developments tightened financial conditions, reduced risk appetite, and raised credit risks, weighing on financial stability. The situation in markets appears significantly improved, but is the turmoil of the past months now safely behind us, or is it a warning signal that more needs to be done to secure financial stability? The IMF’s April 2016 GFSR addresses this key question and many others.