IMF Global Financial Stability Report, Apr 2005

The International Monetary Fund's Global Financial Stability Report for April 2005 says bigger than expected rises in long-term interest rates, or a sharp fall in the dollar, pose risks to a financial system that is at its most resilient in a long time.

In the global financial stability report, the IMF urged central banks to continue gradually raising interest rates toward a neutral level as a policy measure to help mitigate potential risks from excess liquidity.

"The key risk is that long-term

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