The International Monetary Fund (IMF) has warned of a disorderly repricing in markets, saying global financial stability risks have increased “substantially” amid heightened volatility, greater uncertainty, and a series of “cascading shocks.”
“With conditions worsening in recent weeks, key gauges of systemic risk—such as higher dollar funding costs and counterparty spreads—have risen,” said Tobias Adrian, director of the IMF’s Monetary and Capital Markets Department, during an Oct. 11 press conference.
