<p>Title: Global Financial Stability Report----Containing Systemic Risks and Restoring Financial Soundness, April 2008</p><p>Author:International Monetary Fund, Washington DC</p><p>Date: April 8, 2008</p><p>pdf, English,211 pages</p><p>Contents:</p><p><strong>Preface vii<br/>Executive Summary ix<br/>Chapter 1. Assessing Risks to Global Financial Stability 1<br/></strong>Global Financial Stability Map 1<br/>Credit Deterioration—How Deep and Widespread? 4<br/>Systemic Risks Have Risen Sharply 10<br/>Will Emerging Markets Remain Resilient? 23<br/>Credit Squeeze or Credit Crunch? 32<br/>Immediate Policy Challenges 36<br/>Annex 1.1. Global Financial Stability Map: Construction and Methodology 40<br/>Annex 1.2. Methodology for Calculating Global Losses and Bank Exposures 46<br/>References 53<br/><strong>Chapter 2. Structured Finance: Issues of Valuation and Disclosure 54<br/></strong>Valuation and Disclosure of Complex Structured Finance Products 55<br/>The Role of Off-Balance-Sheet Entities 69<br/>Conclusions and Outlook 80<br/>Annex 2.1. The World According to GAAP 83<br/>References 84<br/><strong>Chapter 3. Market and Funding Illiquidity: When Private Risk Becomes Public 86<br/></strong>The Nature of Market Liquidity Risks 87<br/>Funding Liquidity Risks 87<br/>Market and Funding Liquidity Dynamics 93<br/>Liquidity Dynamics Since July 2007: An Empirical Investigation 95<br/>The Role of Central Banks During Periods of Market and Funding Illiquidity 98<br/>Central Banks’ Response to Liquidity Strains Since July 2007: An Empirical Investigation 102<br/>Recommendations to Enhance Liquidity Risk Management 104<br/>Conclusion 109<br/>Annex 3.1. Liquidity Dynamics Since Summer 2007 109<br/>References 115<br/><strong>Glossary 118<br/>Annex: Summing Up by the Acting Chair 125<br/>Statistical Appendix 129</strong></p><p><strong>第二个pdf文档文该报告的中文版摘要，14页。</strong></p><p><br/><br/></p>