'Global Financial Stability Report' is prepared by the

1. A

   European Central Bank

   The European Central Bank issues euro-area financial stability reviews for the Eurosystem. It does not prepare the IMF’s Global Financial Stability Report. This option is not the key.

2. B

   International Monetary Fund

   The Global Financial Stability Report is a flagship publication of the International Monetary Fund, issued twice a year, on markets, vulnerabilities and systemic risk. That is why (b) is the official key.

3. C

   International Bank for Reconstruction and Development

   The International Bank for Reconstruction and Development is the World Bank’s main lending arm; its flagships include the World Development Report, not GFSR. This option is wrong.

4. D

   Organization for Economic Cooperation and Development

   OECD publishes economic outlooks and financial-market papers, not the GFSR. This option is not the key.

Summary. Official key is (b) International Monetary Fund. GFSR sits beside the World Economic Outlook and Fiscal Monitor as IMF surveillance products. ECB, IBRD and OECD each publish other reports that candidates may confuse with GFSR. The name ‘global financial stability’ is the IMF markets-and-risks series. Only (b) is the preparing institution.