SARB - Financial Stability Report, September 2007
The South African Reserve Bank published the latest edition of its Financial Stability Report in September.
The report noted that globally, the resilience of financial markets was severely tested during the past few months following the widespread impact of negative developments in the United States' housing market, and the subprime mortgage market in particular.
Owing to vast improvements in economic fundamentals since the 1990s, emerging market economies in general have proven to be resilient
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