IMF Global Financial Stability Report

ID

536174

DESCRIPTION
Edited Package
SHOTLIST
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 08 April 2019
2. Midshot Tobias Adrian, IMF Financial Counsellor and Director of the Monetary and Capital Markets Department
3. SOUNDBITE: (English) Tobias Adrian, IMF Chief Economist / Economic Counselor:
“It is imperative for policy makers to act now to limit the buildup of financial vulnerabilities those vulnerabilities put growth at risk. Any adverse shock to the economy can get amplified.”
4. Midshot
5. SOUNDBITE: (English) Tobias Adrian, IMF Financial Counsellor and Director of the Monetary and Capital Markets Department :
“We're at a delicate moment right now. It is important for policy makers to act. There is a danger that adverse shocks get amplified, putting growth at risk. The likelihood of seeing negative growth over the next two to three years is substantial. We worry particularly about the deterioration of underwriting standards in the corporate market. And we urge policymakers to take action to limit those vulnerabilities.”
6. Midshot
7. SOUNDBITE: (English) Tobias Adrian, IMF Financial Counsellor and Director of the Monetary and Capital Markets Department :
“We present a new tool to assess the degree to which house prices could decline over the next one or two years. We find that in the substantial fraction of both advanced and emerging markets house prices are at risk of falling substantially.”
8. Midshot
9. SOUNDBITE: (English) Tobias Adrian, IMF Financial Counsellor and Director of the Monetary and Capital Markets Department :
“Crises and recessions that go hand-in-hand with housing market collapses tend to be more severe than the recessions where housing markets hold up. So policymakers have to act on mitigating those vulnerabilities in the housing sector.”
10. SOUNDBITE: (English) Tobias Adrian, IMF Financial Counsellor and Director of the Monetary and Capital Markets Department :
“In the GFSR as we focus on the maturing credit cycle given the level of financial vulnerabilities global growth is at risk. We urge monetary policy makers and regulators to act now. Monetary policymakers should remain attuned to risks, should remain data dependent and communicate their policy moves clearly. Regulators should contain the further buildup of vulnerabilities. Those policy actions will make the global economy safer.”

Washington, DC – Recent
11. B-ROLL: Exterior IMF
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