Global Financial Stability Report

COMING SOON

Launch of the October 2025 Global Financial Stability Report

The Global Financial Stability Report provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. The Report draws out the financial ramifications of economic imbalances highlighted by the IMF's World Economic Outlook. It contains, as special features, analytical chapters or essays on structural or systemic issues relevant to international financial stability.

RELEASE DATES

• Chapter 3: Global Shocks, Local Markets: The Changing Landscape of Emerging Market Sovereign Debt - Monday, October 6, 9:00 AM ET (Panel event at Nasdaq MarketSite, Times Square, New York) 

  Panelists:

  • Pierre-Olivier Gourinchas, Chief Economist and Director, Research Department, IMF
  • Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department, IMF
  • Andrea Presbitero, Deputy Division Chief, Research Department, IMF
  • Jason Wu, Assistant Director, Global Markets Analysis, Monetary and Capital Markets Department, IMF
  • Carmen Reinhart, Professor of the International Financial System, Harvard Kennedy School
  • Joyce Chang, Global Head of Research, J.P. Morgan
  • Moderator: Kathleen Hays, Editor-in-Chief, Central Bank Central

• Chapter 2: Risk and Resilience in the Global Foreign Exchange Market - Tuesday, October 7, 9:00 AM ET (Panel Discussion, IMF HQ) 

Speakers:

• Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department, IMF
• Andrea Deghi, Financial Sector Expert, Monetary and Capital Markets Department, IMF
• Tomohiro Tsuruga, Senior Financial Sector Expert, Monetary and Capital Markets Department, IMF
• Wenxin Du, Professor, Harvard University
• Moderator: Robin Brooks, Senior Fellow, Brookings Institution

• Chapter 1: Shifting Ground Beneath the Calm: Stability Challenges amid Changes in Financial Markets - Tuesday, October 14, 10:15 AM ET (Press Briefing, IMF HQ) 

  Speakers:

  • Tobias Adrian, Financial Counsellor and Director, Monetary and Capital Markets Department, IMF
  • Jason Wu, Assistant Director, Monetary and Capital Markets Department, IMF
  • Athanasios Vamvakidis, Deputy Director, Monetary and Capital Markets Department, IMF
  • Moderator: Meera Louis, Communications Officer, IMF