本报讯 日前，国际货币基金组织（IMF）发布了最新的《全球金融稳定报告》，《报告》分析指出，自2012年4月期报告发布以来，尽管金融市场取得了可喜的改善，但由于人们对全球金融体系的信心变得十分脆弱，金融稳定的下行风险已然加剧。

Report from our correspondent has,The international monetary fund(IMF)Release the latest[Global financial stability report],[The report]Analysis shows that the,Since April 2012 period since the report,Although financial market achieved great improvement,But due to the people to the global financial system confidence become very fragile,The financial stability of the downside risks have increased.

　　《报告》认为，欧洲决策者采取了新的重大举措，减缓了投资者最主要的担心，但欧元区危机仍然是最主要的不安根源。由于意识到存在货币重新定值的尾部风险，市场纷纷减少对欧元区边缘国家的私人金融风险暴露。由此导致的资本外逃和市场割裂破坏了货币联盟的重要根基：即一体化的市场和有效的共同货币政策。

[The report]think,European policymakers to take the new major move,Slow down the major concerns of the investors,But the eurozone crisis is still the main source of unrest.Due to realize existing currency to fixed value tail risk,Market in succession to reduce the euro area edge state of private financial risk exposure.Which has led to flight of capital and market lacerate destroyed monetary union of the important foundation:That is the integration of market and effective common monetary policy.

　　此外，《报告》分析显示，在过去五年中，尽管取得一些进展，但各金融体系未能在实现这些理想特征方面取得可观的改善。这些体系仍然过于复杂，国内的银行间联系仍然很强；且过于集中，太重要以至不能允许倒闭的机构这一问题仍未得到解决。迄今为止，金融全球化尚未受到严重挫折；如果没有适当的政策，各经济体仍然易于受到有害的跨界溢出的影响。

In addition,[The report]Analysis showed that,In the past five years,Although some progress,But the financial system failed to achieve the ideal characteristics to achieve significant improvement.These system remains too complex,The domestic inter-bank contact is still very strong;And is too centralized,So important that cannot allow failed institutions that the problem is still not solved.So far,Financial globalization has not suffered serious setbacks;If there is no proper policy,The economy remains vulnerable to a harmful influence of cross-boundary overflow.

　　（丁 鑫）

(Ding xin)