The International Monetary Fund (IMF) has warned that the credit crisis is broadening globally resulting a huge loss. The loss even spreads to other markets such as commercial property and consumer credit.
IMF's latest Global Financial Stability Report (GFSR) has shown that subprime mortgage crisis has profound macro economic implications. The report provides various policy measures for mitigating the impacts of credit crisis.
The Financial Market globally suffers from major problems led by weakening balance sheets of the financial institutions, and weakening global growth rate.
Major centrals banks over the world have made considerable rate cuts, still the markets remain under pressure. Financial institutions in most of the countries over the world have been largely affected by current market crisis. Housing prices other than United States are also expected to fall.
Both the Central Banks as well as Government should come forward with corrective measures to tackle tackle the problem of credit crunch globally.
|
|
|||
