Global financial system in transition, stability far from normal.
The global financial system is still not stable, and needs to shift from focusing on having enough money available to focusing on promoting growth. This shift requires actions like normalizing U.S. monetary policy, balancing finances in emerging markets, improving integration in the euro area, and continuing economic policies in Japan. Changes in who invests money and how deep financial markets are affect emerging markets. Some banks are so important that they receive extra funding support.