Description: Global Economic Prospects : Financial Market Outlook, March 2013

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Global Economic Prospects : Financial Market Outlook, March 2013

Global financial conditions have improved substantially since July 2012, a reflection of the cumulative steps taken by high-income countries' central banks. Gross capital flows to developing countries, which weakened in mid-2012 due to Euro ar...

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Bibliographic Details
Main Authors:	Aykut, Dilek, Kim, Eung Ju
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	ACCESS TO BOND MARKETS ACCESS TO MARKET ACCOUNTING APR ASSET DISPOSAL ASSETS BAILOUT BALANCE SHEETS BANK CREDIT BANK FINANCING BANK FOR INTERNATIONAL SETTLEMENTS BANK GOVERNORS BANK LENDING BANK LOANS BANK OF JAPAN BANK SUPERVISION BANKING AUTHORITY BANKING SECTOR BANKING SYSTEM BASIS POINT BASIS POINTS BOND FINANCING BOND FLOWS BOND ISSUANCE BOND ISSUANCES BOND ISSUERS BOND SPREAD BONDHOLDERS BORROWING BORROWING COSTS BUSINESS ACTIVITIES CAPITAL FLOWS CAPITAL INFLOWS CAPITAL LOSSES CAPITAL OUTFLOWS CAPITAL RATIO CAPITAL RATIOS CAPITAL REQUIREMENTS CDS CENTRAL BANK CENTRAL BANKS COMMODITY COMMODITY PRICES COMPANY LOANS CONSUMER BASE CORPORATE BORROWERS COUNTRY CREDIT COUNTRY EQUITY CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT QUALITY CREDIT RATING CREDIT RATING AGENCIES CREDIT RATINGS CREDIT RISK CREDITORS CREDITWORTHINESS CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CUSTOMER RELATIONSHIPS DEBT DEBT BUYBACK DEBT CRISIS DEBT FLOWS DEBT ISSUES DEBT LEVEL DEBT PROBLEMS DEBT RATINGS DEBT REPAYMENTS DEPENDENT DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPING COUNTRY EQUITY DEVELOPING ECONOMIES DEVELOPMENT ASSISTANCE DISBURSEMENT DISINVESTMENTS DOMESTIC BANKS EARLY REPAYMENT EARNINGS ECONOMIC ACTIVITY EMERGING MARKET EMERGING MARKETS EQUITY INDEX EQUITY ISSUANCE EQUITY MARKET EQUITY MARKETS EUROPEAN CENTRAL BANK EXTERNAL FINANCING FEDERAL RESERVE FINANCE PROVISION FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL STABILITY FINANCING NEEDS FIXED INCOME FIXED INCOME TRADING FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN OWNERSHIP FORMS OF CREDIT GLOBAL BANKING GLOBAL ECONOMIC PROSPECTS GLOBAL EQUITY GLOBAL EQUITY MARKETS GLOBAL FINANCIAL MARKET GLOBAL FINANCIAL MARKETS GLOBAL TRADE GOVERNMENT BOND GOVERNMENT BOND YIELD GOVERNMENT BONDS HOLDING INCOME TRADING INFORMATION ASYMMETRY INITIAL PUBLIC OFFERINGS INSTALLMENT INSTITUTIONAL REFORM INTEREST PAYMENTS INTEREST RATES INTERNATIONAL BANK INTERNATIONAL BANK LENDING INTERNATIONAL BANKS INTERNATIONAL BOND INTERNATIONAL BOND MARKET INTERNATIONAL BOND MARKETS INTERNATIONAL BONDS INTERNATIONAL CAPITAL INTERNATIONAL DEBT INTERNATIONAL FINANCE INTERNATIONAL SETTLEMENTS INVESTING INVESTMENT FLOWS INVESTMENT GRADE BORROWERS INVESTOR DEMAND JURISDICTIONS LABOR COSTS LENDERS LENDING CONDITIONS LENDING PORTFOLIO LEVERAGE LIMITED ACCESS LIQUIDITY LIQUIDITY CONSTRAINTS LOAN LOAN PORTFOLIOS LOSS OF CONFIDENCE LOW-INCOME COUNTRIES LOW-INCOME ECONOMIES MARKET CONDITIONS MARKET CONFIDENCE MARKET INDEX MARKET LIQUIDITY MARKET VOLATILITY MATURITIES MATURITY MIDDLE- INCOME COUNTRIES MONETARY FUND MONETARY POLICY MONEY MARKET MORTGAGE MORTGAGE-BACKED SECURITIES MULTINATIONALS NATURAL RESOURCES NET CAPITAL NET EQUITY NOW ACCOUNTS POLICY RESPONSES POLITICAL UNCERTAINTIES PORTFOLIO PORTFOLIO EQUITY POST-CRISIS PERIOD PRIVATE BANK PRIVATE CAPITAL PRIVATE CAPITAL FLOWS PRIVATE CAPITAL INFLOWS PRIVATE CREDITORS PRIVATE DEBT PRIVATIZATION PROPERTY MARKETS PUBLIC DEBT REGULATORY ENVIRONMENT REGULATORY REFORMS REPAYMENT REPAYMENT OF DEBT RISK AVERSION RISK PROFILE RISK PROFILES RISK WEIGHT SHORT-TERM DEBT SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN DEFAULT SOVEREIGN YIELDS SPECIFIC ASSETS STOCK INDEXES STOCK MARKET STOCK MARKET INDEXES STOCK MARKETS STRUCTURAL ADJUSTMENT SUBSIDIARIES SUPERVISION MECHANISM SUPERVISORY AUTHORITY SUSPENSION OF INTEREST TIER 1 CAPITAL TRADE FINANCE TRADE FINANCING TREASURY TREASURY BOND TREASURY BOND YIELD VOLATILITY WAGES WORKING CAPITAL WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2013/03/23943718/null http://hdl.handle.net/10986/21527

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Summary:	Global financial conditions have improved substantially since July 2012, a reflection of the cumulative steps taken by high-income countries' central banks. Gross capital flows to developing countries, which weakened in mid-2012 due to Euro area turmoil, bounced back in the second half of the year. Foreign direct investment (FDI) inflows to developing countries are expected to have declined slightly in 2012 following increased uncertainty in global financial markets. Gross capital flows have remained strong so far in 2013, with January and February flows 47 percent higher than in the same period in 2012. The level of net capital flows going to developing countries is set to rise through 2015.