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global financial stability report (GFSR) A report developed and published by the International Monetary Fund. The report is issued twice per year and provides updates on current economic conditions and financial markets worldwide. Topics covered may include systemic risk assessments, debt management, emerging markets, and current crises that impact the global financial picture.
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing.