Global Financial Stability Tested by Higher Inflation and Interest Rates
IMF Podcasts
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The Systemic Implications of MDFIs in the Global Financial System
Non-bank financial intermediaries play a key role in global financial system. They increase access to credit, but they have financial vulnerabilities that have been increasing recently. High level of interconnectedness between the banking sector and the non-banking sector is one factor. The systemic implication of these weaknesses were generally unanticipated by policymakers.
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