According to the International Monetary Fund, as the world economy deals with the effects of the coronavirus pandemic and Russia's invasion of Ukraine
the chances of the collapse of the global financial system have increased to levels only witnessed during previous crises.
The Washington-based group advised central banks to carefully and precisely calibrate their essential efforts to lower sky-high inflation on Tuesday
highlighting the risk of abrupt, disorderly decreases in the price of stocks and other assets.
In the foreword to the most recent Global Financial Stability Report from the Fund
IMF Financial Counsellor Tobias Adrian stated that "the global situation is precarious."