Global Financial Stability Report News

World financial markets have calmed after turmoil earlier this year, but more needs to be done to ensure global financial stability amid slowing growth, weak commodity prices and worries about China`s economy, the International Monetary Fund warned on Wednesday.

Global market spillovers from China`s economic shocks will only increase in coming years as the country`s financial influence grows and the yuan`s use as a funding currency broadens, the International Monetary Fund said on Monday.