SARB Financial Stability Review, March 2005

The South African Reserve Bank has published the March 2005 edition of its Financial Stability Review. In its latest report the SARB says the resilience of the global financial system improved further during the second half of 2004, mainly as a result of the continued global economic recovery.

Estimates suggest overall world growth to be the strongest since 1998. Although the Financial Stability Review provides a positive assessment of global financial stability, it also identifies developments

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