This March 2003 issue of the Global Financial Stability Report highlights that the supportive stance of monetary policy in the major economies, coupled with more risk-averse behavior by both institutional and retail investors, has contributed to a sizable buildup of cash positions. A partial mobilization of these cash positions in the fourth quarter of 2002 helped fuel a short-lived stock market rally, led to a narrowing of credit spreads on mature and emerging bonds, and contributed to an increase in flows to emerging market borrowers.
TOPICAL NAME USED AS SUBJECT
Business & Economics.
Finance.
Bond Issuance.
Bond.
Bonds.
Capital Markets.
Electronic books.
International Capital Markets.
GEOGRAPHICAL NAME USED AS SUBJECT
Argentina.
Brazil.
Hong Kong Special Administrative Region of China.
Mexico.
United States.
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LIBRARY OF CONGRESS CLASSIFICATION
Class number
HG3881
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5
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I58
CORPORATE BODY NAME - PRIMARY RESPONSIBILITY
International Monetary Fund., Monetary and Capital Markets Department.
CORPORATE BODY NAME - ALTERNATIVE RESPONSIBILITY
International Monetary Fund., Monetary and Capital Markets Department.