02721cas a2200241 a 4500 AALejournalIMF021202 230101c9999 xx r poo 0 0eng d 50.00 USD 9781513554228 1729-701X BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Global Financial Stability Report, October 2020 : Bridge to Recovery. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (118 pages) Global Financial Stability Report <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Near-term global financial stability risks have been contained as an unprecedented policy response to the coronavirus (COVID-19) pandemic has helped avert a financial meltdown and maintain the flow of credit to the economy. For the first time, many emerging market central banks have launched asset purchase programs to support the smooth functioning of financial markets and the overall economy. But the outlook remains highly uncertain, and vulnerabilities are rising, representing potential headwinds to recovery. The report presents an assessment of the real-financial disconnect, as well as forward-looking analysis of nonfinancial firms, banks, and emerging market capital flows. After the outbreak, firms' cash flows were adversely affected as economic activity declined sharply. More vulnerable firms-those with weaker solvency and liquidity positions and smaller size-experienced greater financial stress than their peers in the early stages of the crisis. As the crisis unfolds, corporate liquidity pressures may morph into insolvencies, especially if the recovery is delayed. Small and medium-sized enterprises (SMEs) are more vulnerable than large firms with access to capital markets. Although the global banking system is well capitalized, some banking systems may experience capital shortfalls in an adverse scenario, even with the currently deployed policy measures. The report also assesses the pandemic's impact on firms' environmental performance to gauge the extent to which the crisis may result in a reversal of the gains posted in recent years. Mode of access: Internet Global Financial Stability Report; Global Financial Stability Report ; No. 2020/002 Full text available on IMF http://elibrary.imf.org/view/books/082/29273-9781513554228-en/29273-9781513554228-en-book.xml IMF e-Library