from the International Monetary Fund (IMF)
The October 2013 Global Financial Stability Report examines current risks facing the global financial system as it undergoes a series of transitions along the path toward greater financial stability. The United States may soon move to less accommodative monetary policies and higher long-term interest rates as its recovery gains ground. Emerging markets face a transition to more volatile external conditions and higher risk premiums.
Japan is moving toward the new “Abenomics” policy regime, and the euro area is moving toward a more robust and safer financial sector. Finally, the global banking system is phasing in stronger regulatory standards.
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Global Financial Stability Report – Transition Challenges to Stability
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source: http://www.imf.org/External/Pubs/FT/GFSR/2013/02/index.htm