BANKING TURMOIL SCENARIOS
In a"plausible" scenario, stress on vulnerable banks - some like failed Silicon Valley Bank and Signature Bank burdened by unrealised losses due to monetary policy tightening and reliant on uninsured deposits - creates a situation where"funding conditions for all banks tighten, due to greater concern for bank solvency and potential exposures across the financial system", the IMF said.
Emerging market economies would be hit hard by lower demand for exports, currency depreciation and a flare-up of inflation.
Source: Loan Digest (loandigest.net)
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