CLAIMBOUND / SOURCE-PUBLICATION EVIDENCE

Investments

70 distinct source statements, not 70 independently proven facts. 70 results use an official primary source; 0 retain their explicitly limited Wikidata publication boundary.

Every card identifies what it proves, what it does not prove, its exact quote, locator, source hash, and local rerun command.

70 / 70primary-source statements
0 / 70independent ClaimBound reruns
CB7K-DOM037-C01registry slot CB7K-DOM037-T01-G01PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

1. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 8

Narrow public claim

Identifying Idiosyncratic Jumps in Stock Returns Editor’s Note (11/21/24): The following few changes were made after the initial release of this report.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 8
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Identifying Idiosyncratic Jumps in Stock Returns Editor’s Note (11/21/24): The following few changes were made after the initial release of this report.
CB7K-DOM037-C02registry slot CB7K-DOM037-T01-G02PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

2. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 9

Narrow public claim

“Basis points” refers to hundredths of 1 percentage point (for example, 25 basis points are equivalent to ¼ of percentage point).

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 9
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t01_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
“Basis points” refers to hundredths of 1 percentage point (for example, 25 basis points are equivalent to ¼ of percentage point).
CB7K-DOM037-C03registry slot CB7K-DOM037-T01-G03PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

3. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 9

Narrow public claim

As used in this report, the terms “country” and “economy” do not in all cases refer to a territorial entity that is a state as understood by international law and practice.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 9
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
As used in this report, the terms “country” and “economy” do not in all cases refer to a territorial entity that is a state as understood by international law and practice.
CB7K-DOM037-C04registry slot CB7K-DOM037-T01-G04PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

4. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 10

Narrow public claim

Corrections and Revisions The data and analysis appearing in the Global Financial Stability Report are compiled by IMF staff at the time of publication.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 10
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

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Exact source quote
Corrections and Revisions The data and analysis appearing in the Global Financial Stability Report are compiled by IMF staff at the time of publication.
CB7K-DOM037-C05registry slot CB7K-DOM037-T01-G05PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

5. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 10

Narrow public claim

Digital Multiple digital editions of the Global Financial Stability Report, including ePub, enhanced PDF, and HTML, are available on the IMF eLibrary at eLibrary.IMF.org/GFSROct24.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 10
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t01_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Digital Multiple digital editions of the Global Financial Stability Report, including ePub, enhanced PDF, and HTML, are available on the IMF eLibrary at eLibrary.IMF.org/GFSROct24.
CB7K-DOM037-C06registry slot CB7K-DOM037-T01-G06PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

6. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 11

Narrow public claim

In normal times, the report seeks to play a role in preventing crises by highlighting policies that may mitigate systemic risks, thereby contributing to global financial stability and the sustained economic growth of the IMF’s member countries.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 11
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t01_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In normal times, the report seeks to play a role in preventing crises by highlighting policies that may mitigate systemic risks, thereby contributing to global financial stability and the sustained economic growth of the IMF’s member countries.
CB7K-DOM037-C07registry slot CB7K-DOM037-T01-G07PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

7. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 11

Narrow public claim

The report benefited from comments and suggestions from staff in other IMF departments, as well as from Executive Directors following their discussions of the GFSR on October 8, 2024.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 11
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t01_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
The report benefited from comments and suggestions from staff in other IMF departments, as well as from Executive Directors following their discussions of the GFSR on October 8, 2024.
CB7K-DOM037-C08registry slot CB7K-DOM037-T01-G08PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

8. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 16

Narrow public claim

Portfolio flows may become more volatile and access to international funding may be more difficult, especially for fron tier economies.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 16
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t01_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Portfolio flows may become more volatile and access to international funding may be more difficult, especially for fron tier economies.
CB7K-DOM037-C09registry slot CB7K-DOM037-T01-G09PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

9. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 17

Narrow public claim

However, net interest margin and bank profitability could be negatively impacted by interest rate cuts, and the temporary sell-off of some banks’ stocks in early August highlighted some of the risks ahead, particularly for a relatively large tail of weaker institutions facing challenges related to their business models (Figure ES.8).

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 17
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t01_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
However, net interest margin and bank profitability could be negatively impacted by interest rate cuts, and the temporary sell-off of some banks’ stocks in early August highlighted some of the risks ahead, particularly for a relatively large tail of weaker institutions facing challenges related to their business models (Figure ES.8).
CB7K-DOM037-C10registry slot CB7K-DOM037-T01-G10PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

10. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 17

Narrow public claim

Chapter 3 shows that although adoption of AI in trading and investment activ ities is still at a relatively early stage, it could accelerate in the coming years: For example, the share of applications related to AI and machine learning in patent filings in asset management has risen impressively in recent years (Figure ES.9).

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 17
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t01_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Chapter 3 shows that although adoption of AI in trading and investment activ ities is still at a relatively early stage, it could accelerate in the coming years: For example, the share of applications related to AI and machine learning in patent filings in asset management has risen impressively in recent years (Figure ES.9).
CB7K-DOM037-C11registry slot CB7K-DOM037-T02-G01PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

11. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 21

Narrow public claim

Market turmoil in early August, though short-lived, served as a reminder of how quickly volatility can catch up to uncertainty, force the unwinding of leveraged trades, and trigger feedback loops between asset prices and deleveraging.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 21
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t02_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Market turmoil in early August, though short-lived, served as a reminder of how quickly volatility can catch up to uncertainty, force the unwinding of leveraged trades, and trigger feedback loops between asset prices and deleveraging.
CB7K-DOM037-C12registry slot CB7K-DOM037-T02-G02PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

12. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 21

Narrow public claim

The banking system has remained sound, although a weak tail of banks is still confronting exposures to troubled sectors like commercial real estate and ongoing business model challenges.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 21
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

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Exact source quote
The banking system has remained sound, although a weak tail of banks is still confronting exposures to troubled sectors like commercial real estate and ongoing business model challenges.
CB7K-DOM037-C13registry slot CB7K-DOM037-T02-G03PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

13. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 23

Narrow public claim

Information conveyed by these markets may deviate periodically from other measures of policy rate expectations, such as those obtained from surveys of professional forecasters.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 23
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

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Exact source quote
Information conveyed by these markets may deviate periodically from other measures of policy rate expectations, such as those obtained from surveys of professional forecasters.
CB7K-DOM037-C14registry slot CB7K-DOM037-T02-G04PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

14. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 24

Narrow public claim

In panel 2, distributions are constructed, using kernel densities, from survey forecast responses submitted by economists and market participants to Bloomberg Finance L.P.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 24
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t02_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 2, distributions are constructed, using kernel densities, from survey forecast responses submitted by economists and market participants to Bloomberg Finance L.P.
CB7K-DOM037-C15registry slot CB7K-DOM037-T02-G05PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

15. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 26

Narrow public claim

In panel 4, the average reaction of the US 10-year government bond yield is calculated three months into a steepening episode since 2000.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 26
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t02_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 4, the average reaction of the US 10-year government bond yield is calculated three months into a steepening episode since 2000.
CB7K-DOM037-C16registry slot CB7K-DOM037-T02-G06PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

16. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 27

Narrow public claim

Panel 2 shows net duration supply, expressed in terms of 10-year equivalent bonds net of domestic central bank purchases.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 27
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t02_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Panel 2 shows net duration supply, expressed in terms of 10-year equivalent bonds net of domestic central bank purchases.
CB7K-DOM037-C17registry slot CB7K-DOM037-T02-G07PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

17. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 27

Narrow public claim

ECB = European Central Bank; EGB = European government bond; GFSR = Global Financial Stability Report; QT = quantitative tightening.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 27
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t02_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
ECB = European Central Bank; EGB = European government bond; GFSR = Global Financial Stability Report; QT = quantitative tightening.
CB7K-DOM037-C18registry slot CB7K-DOM037-T02-G08PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

18. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 29

Narrow public claim

In panel 2, the Chicago Board Options Exchange Volatility Index, or VIX, is the benchmark measure of US stock market volatility, based on S&P 500 options.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 29
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t02_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 2, the Chicago Board Options Exchange Volatility Index, or VIX, is the benchmark measure of US stock market volatility, based on S&P 500 options.
CB7K-DOM037-C19registry slot CB7K-DOM037-T02-G09PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

19. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 31

Narrow public claim

“Large to small cap volatility” is the implied volatility for the S&P 500 divided by the implied volatility for the Russell 2000.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 31
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t02_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
“Large to small cap volatility” is the implied volatility for the S&P 500 divided by the implied volatility for the Russell 2000.
CB7K-DOM037-C20registry slot CB7K-DOM037-T02-G10PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

20. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 32

Narrow public claim

Thailand is excluded from panel 1 because the sovereign has no outstanding hard-currency dollar-denominated debt.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 32
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
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Exact source quote
Thailand is excluded from panel 1 because the sovereign has no outstanding hard-currency dollar-denominated debt.
CB7K-DOM037-C21registry slot CB7K-DOM037-T03-G01PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

21. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 33

Narrow public claim

“Aggregate” represents the sum of these contributions, and its values are similar, but not identical, to Financial Conditions Index values shown in panel 1.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 33
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
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Exact source quote
“Aggregate” represents the sum of these contributions, and its values are similar, but not identical, to Financial Conditions Index values shown in panel 1.
CB7K-DOM037-C22registry slot CB7K-DOM037-T03-G02PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

22. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 35

Narrow public claim

Each country’s indicators are transformed into a normalized z-score based on 10 years of monthly observations.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 35
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
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Exact source quote
Each country’s indicators are transformed into a normalized z-score based on 10 years of monthly observations.
CB7K-DOM037-C23registry slot CB7K-DOM037-T03-G03PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

23. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 36

Narrow public claim

Panel 6 reports spillovers from changes in US term premiums to EM term premiums.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 36
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
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Exact source quote
Panel 6 reports spillovers from changes in US term premiums to EM term premiums.
CB7K-DOM037-C24registry slot CB7K-DOM037-T03-G04PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

24. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 38

Narrow public claim

“EM ex China” includes an unbalanced sample of 20 emerging markets.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 38
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
“EM ex China” includes an unbalanced sample of 20 emerging markets.
CB7K-DOM037-C25registry slot CB7K-DOM037-T03-G05PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

25. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 39

Narrow public claim

Sample in panels 2 and 3 includes 16 major EM sovereigns with outstanding external debt denominated in US dollars, with eight in each category.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 39
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Sample in panels 2 and 3 includes 16 major EM sovereigns with outstanding external debt denominated in US dollars, with eight in each category.
CB7K-DOM037-C26registry slot CB7K-DOM037-T03-G06PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

26. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 39

Narrow public claim

Panels 4 and 5 include a sample of 80 EM sovereigns that were continuously rated by at least one of three international rating agencies from December 2008 to August 2024.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 39
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Panels 4 and 5 include a sample of 80 EM sovereigns that were continuously rated by at least one of three international rating agencies from December 2008 to August 2024.
CB7K-DOM037-C27registry slot CB7K-DOM037-T03-G07PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

27. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 41

Narrow public claim

A large proportion of debt maturing in coming months is trading close to or above 10 percent.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 41
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
A large proportion of debt maturing in coming months is trading close to or above 10 percent.
CB7K-DOM037-C28registry slot CB7K-DOM037-T03-G08PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

28. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 42

Narrow public claim

Data labels in panel 2 use International Organization for Standardization (ISO) country codes.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 42
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Data labels in panel 2 use International Organization for Standardization (ISO) country codes.
CB7K-DOM037-C29registry slot CB7K-DOM037-T03-G09PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

29. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 44

Narrow public claim

In panel 3, the decomposition is based on 12-month-forward measures of valuation and earnings.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 44
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t03_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 3, the decomposition is based on 12-month-forward measures of valuation and earnings.
CB7K-DOM037-C30registry slot CB7K-DOM037-T03-G10PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

30. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 46

Narrow public claim

For the model details, please see the October 2019 Global Financial Stability Report, Online Annex 1.1.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 46
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

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Exact source quote
For the model details, please see the October 2019 Global Financial Stability Report, Online Annex 1.1.
CB7K-DOM037-C31registry slot CB7K-DOM037-T04-G01PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

31. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 46

Narrow public claim

Intuitively, this measure indicates how many standard deviations of monthly changes in spread (or “risk units”) it would take for the spreads to get back to fair value.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 46
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t04_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Intuitively, this measure indicates how many standard deviations of monthly changes in spread (or “risk units”) it would take for the spreads to get back to fair value.
CB7K-DOM037-C32registry slot CB7K-DOM037-T04-G02PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

32. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 49

Narrow public claim

In panel 5, “pretightening trendline” is an average of values for 2019:Q1 and 2021:Q4 at $82.5 billion.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 49
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
In panel 5, “pretightening trendline” is an average of values for 2019:Q1 and 2021:Q4 at $82.5 billion.
CB7K-DOM037-C33registry slot CB7K-DOM037-T04-G03PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

33. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 49

Narrow public claim

In panel 6, “scenario” shows the share of debt that bears an interest coverage ratio of below 1 in the scenario explained in note 37.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 49
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
In panel 6, “scenario” shows the share of debt that bears an interest coverage ratio of below 1 in the scenario explained in note 37.
CB7K-DOM037-C34registry slot CB7K-DOM037-T04-G04PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

34. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 51

Narrow public claim

4) and overvalued property markets, as well as those in which substantial easing in monetary policy is less likely.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 51
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
4) and overvalued property markets, as well as those in which substantial easing in monetary policy is less likely.
CB7K-DOM037-C35registry slot CB7K-DOM037-T04-G05PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

35. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 53

Narrow public claim

In panel 3, the volume of cross-border acquisitions by property type is based on trailing four-quarter data.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 53
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t04_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 3, the volume of cross-border acquisitions by property type is based on trailing four-quarter data.
CB7K-DOM037-C36registry slot CB7K-DOM037-T04-G06PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

36. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 53

Narrow public claim

In panel 6, probability densities are estimated for the distributions of three-year-ahead (cumulative) CRE price growth (in real terms), following the approach in Deghi, Mok, and Tsuruga (2021).

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 53
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t04_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 6, probability densities are estimated for the distributions of three-year-ahead (cumulative) CRE price growth (in real terms), following the approach in Deghi, Mok, and Tsuruga (2021).
CB7K-DOM037-C37registry slot CB7K-DOM037-T04-G07PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

37. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 55

Narrow public claim

In panel 2, high concentrations of CRE offices are defined as ratios of exposures to CRE offices to Tier 1 capital greater than 50 percent.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 55
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t04_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 2, high concentrations of CRE offices are defined as ratios of exposures to CRE offices to Tier 1 capital greater than 50 percent.
CB7K-DOM037-C38registry slot CB7K-DOM037-T04-G08PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

38. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 58

Narrow public claim

In panel 1, ETF and MF holdings of US-domiciled funds are compared with the market value of the Bloomberg Barclays US aggregate bond index.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 58
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t04_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 1, ETF and MF holdings of US-domiciled funds are compared with the market value of the Bloomberg Barclays US aggregate bond index.
CB7K-DOM037-C39registry slot CB7K-DOM037-T04-G09PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

39. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 58

Narrow public claim

In panels 2–5, the analysis is based on Lipper data covering US-domiciled bond funds.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 58
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t04_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panels 2–5, the analysis is based on Lipper data covering US-domiciled bond funds.
CB7K-DOM037-C40registry slot CB7K-DOM037-T04-G10PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

40. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 60

Narrow public claim

The calculations for illiquid investments in panel 4 do not include the same items in the European Union and the United States and therefore are not directly comparable.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 60
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
The calculations for illiquid investments in panel 4 do not include the same items in the European Union and the United States and therefore are not directly comparable.
CB7K-DOM037-C41registry slot CB7K-DOM037-T05-G01PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

41. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 64

Narrow public claim

The index scale ranges from 0 to 100, with levels above 50 indicating a higher proportion of respondents estimating that credit risk is worsening.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 64
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
The index scale ranges from 0 to 100, with levels above 50 indicating a higher proportion of respondents estimating that credit risk is worsening.
CB7K-DOM037-C42registry slot CB7K-DOM037-T05-G02PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

42. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 70

Narrow public claim

Local currency government bond holdings by pension and insurance funds are assessed from December 2021 to December 2023.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 70
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Local currency government bond holdings by pension and insurance funds are assessed from December 2021 to December 2023.
CB7K-DOM037-C43registry slot CB7K-DOM037-T05-G03PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

43. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 70

Narrow public claim

Term premiums are on the 10-year yield and follow the methodology in Adrian, Crump, and Moench (2013).

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 70
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Term premiums are on the 10-year yield and follow the methodology in Adrian, Crump, and Moench (2013).
CB7K-DOM037-C44registry slot CB7K-DOM037-T05-G04PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

44. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 75

Narrow public claim

High macroeconomic uncertainty can profoundly affect macrofinancial stability by exacerbating downside market tail risks, delaying consumption and investment decisions, and reducing credit supply.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 75
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
High macroeconomic uncertainty can profoundly affect macrofinancial stability by exacerbating downside market tail risks, delaying consumption and investment decisions, and reducing credit supply.
CB7K-DOM037-C45registry slot CB7K-DOM037-T05-G05PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

45. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 75

Narrow public claim

As financial indicators may not fully capture macroeconomic uncertainty, particularly in economies with less-developed financial systems, there is merit in considering measures of macroeconomic uncertainty in systemic risk assessment frameworks such as the growth-at-risk framework.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 75
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
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Exact source quote
As financial indicators may not fully capture macroeconomic uncertainty, particularly in economies with less-developed financial systems, there is merit in considering measures of macroeconomic uncertainty in systemic risk assessment frameworks such as the growth-at-risk framework.
CB7K-DOM037-C46registry slot CB7K-DOM037-T05-G06PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

46. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 80

Narrow public claim

Panel 2 depicts standardized measures of uncertainty for the United States.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 80
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Panel 2 depicts standardized measures of uncertainty for the United States.
CB7K-DOM037-C47registry slot CB7K-DOM037-T05-G07PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

47. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 81

Narrow public claim

Aït-Sahalia and others (2024) show that macroeconomic uncertainty and stock return volatility could be disconnected.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 81
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Aït-Sahalia and others (2024) show that macroeconomic uncertainty and stock return volatility could be disconnected.
CB7K-DOM037-C48registry slot CB7K-DOM037-T05-G08PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

48. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 82

Narrow public claim

Panel 2 shows the impact of a one-standard-deviation increase in the real economic uncertainty index used in the chapter, based on Ludvigson, Ma, and Ng (2021), on the 10th percentile of the average future real GDP growth distribution at different time horizons.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 82
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Panel 2 shows the impact of a one-standard-deviation increase in the real economic uncertainty index used in the chapter, based on Ludvigson, Ma, and Ng (2021), on the 10th percentile of the average future real GDP growth distribution at different time horizons.
CB7K-DOM037-C49registry slot CB7K-DOM037-T05-G09PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

49. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 82

Narrow public claim

Panel 3 depicts the effect of various measures of uncertainty on the full distribution of one-quarter-ahead real GDP growth.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 82
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t05_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Panel 3 depicts the effect of various measures of uncertainty on the full distribution of one-quarter-ahead real GDP growth.
CB7K-DOM037-C50registry slot CB7K-DOM037-T05-G10PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

50. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 83

Narrow public claim

The comparator ML models include the same variables for results presented in green bars and additionally include the real economic uncertainty index for results presented in red bars.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 83
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t05_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
The comparator ML models include the same variables for results presented in green bars and additionally include the real economic uncertainty index for results presented in red bars.
CB7K-DOM037-C51registry slot CB7K-DOM037-T06-G01PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

51. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 84

Narrow public claim

Estimations are conducted using panel quantile regressions for the countries in the sample, depending on data availability.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 84
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Estimations are conducted using panel quantile regressions for the countries in the sample, depending on data availability.
CB7K-DOM037-C52registry slot CB7K-DOM037-T06-G02PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

52. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 86

Narrow public claim

In panel 1, the measure of foreign uncertainty is calculated as a weighted average of the chapter’s real economic uncertainty index in a country’s trading partners, with weights computed as the sum of the ratios of bilateral exports and imports to domestic GDP.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 86
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t06_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 1, the measure of foreign uncertainty is calculated as a weighted average of the chapter’s real economic uncertainty index in a country’s trading partners, with weights computed as the sum of the ratios of bilateral exports and imports to domestic GDP.
CB7K-DOM037-C53registry slot CB7K-DOM037-T06-G03PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

53. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 90

Narrow public claim

The underlying regressions include relevant controls for the sovereign bond market at the country and global levels, following Gilchrist and others (2022), as well as the lagged dependent variable.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 90
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t06_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
The underlying regressions include relevant controls for the sovereign bond market at the country and global levels, following Gilchrist and others (2022), as well as the lagged dependent variable.
CB7K-DOM037-C54registry slot CB7K-DOM037-T06-G04PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

54. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 90

Narrow public claim

Low and high levels of government debt service and banks’ sovereign exposure are defined as the 25th percentile (green bars) and the 75th percentile (red bars) of the respective distributions.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 90
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t06_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Low and high levels of government debt service and banks’ sovereign exposure are defined as the 25th percentile (green bars) and the 75th percentile (red bars) of the respective distributions.
CB7K-DOM037-C55registry slot CB7K-DOM037-T06-G05PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

55. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 91

Narrow public claim

Results are obtained from a panel quantile regression using country-level data for both advanced and emerging market economies.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 91
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t06_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Results are obtained from a panel quantile regression using country-level data for both advanced and emerging market economies.
CB7K-DOM037-C56registry slot CB7K-DOM037-T06-G06PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

56. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 91

Narrow public claim

Panel 3 shows the effect of a one-standard-deviation increase in four types of measures of uncertainty on the 10th percentile of the distribution of one-year-ahead real credit growth interacted with banks’ exposure to sovereign debt (defined as the share of banks’ holdings of sovereign debt in an economy as a share of banks’ total assets).

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 91
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t06_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Panel 3 shows the effect of a one-standard-deviation increase in four types of measures of uncertainty on the 10th percentile of the distribution of one-year-ahead real credit growth interacted with banks’ exposure to sovereign debt (defined as the share of banks’ holdings of sovereign debt in an economy as a share of banks’ total assets).
CB7K-DOM037-C57registry slot CB7K-DOM037-T06-G07PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

57. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 97

Narrow public claim

New evidence from labor markets and patent filings suggests that the adoption of artificial intelligence (AI) in capital markets is likely to increase significantly in the near future, and analyses of pricing patterns and trading dynamics already show changes in some markets consistent with the adoption of these new technologies.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 97
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t06_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
New evidence from labor markets and patent filings suggests that the adoption of artificial intelligence (AI) in capital markets is likely to increase significantly in the near future, and analyses of pricing patterns and trading dynamics already show changes in some markets consistent with the adoption of these new technologies.
CB7K-DOM037-C58registry slot CB7K-DOM037-T06-G08PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

58. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 97

Narrow public claim

In addition, AI could cause large changes in market structure through the greater and more powerful use of algorithmic trading and novel trading and investment strategies, which in turn may increase turnover and asset correlations and drive prices to reflect new information at an ever-increasing speed.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 97
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

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python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t06_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In addition, AI could cause large changes in market structure through the greater and more powerful use of algorithmic trading and novel trading and investment strategies, which in turn may increase turnover and asset correlations and drive prices to reflect new information at an ever-increasing speed.
CB7K-DOM037-C59registry slot CB7K-DOM037-T06-G09PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

59. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 102

Narrow public claim

Details on the market intelligence outreach in panel 2 can be found in Box 3.1.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 102
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
Details on the market intelligence outreach in panel 2 can be found in Box 3.1.
CB7K-DOM037-C60registry slot CB7K-DOM037-T06-G10PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

60. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 104

Narrow public claim

In panel 2, asset management practices also include asset allocation and portfolio management applications.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 104
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
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Exact source quote
In panel 2, asset management practices also include asset allocation and portfolio management applications.
CB7K-DOM037-C61registry slot CB7K-DOM037-T07-G01PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

61. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 108

Narrow public claim

In panel 2, the idiosyncratic jumps frequencies are computed per stock-specific deciles of the daily bid-ask spreads.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 108
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t07_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 2, the idiosyncratic jumps frequencies are computed per stock-specific deciles of the daily bid-ask spreads.
CB7K-DOM037-C62registry slot CB7K-DOM037-T07-G02PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

62. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 110

Narrow public claim

In panel 3, events have been included if the index price change surpassed 0.2 percent at the 15-minute mark.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 110
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t07_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
In panel 3, events have been included if the index price change surpassed 0.2 percent at the 15-minute mark.
CB7K-DOM037-C63registry slot CB7K-DOM037-T07-G03PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

63. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 110

Narrow public claim

The periods before and after LLMs are separated by the publication of Vaswani and others (2017), which introduced the attention model and transformer architecture.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 110
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t07_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
The periods before and after LLMs are separated by the publication of Vaswani and others (2017), which introduced the attention model and transformer architecture.
CB7K-DOM037-C64registry slot CB7K-DOM037-T07-G04PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

64. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 111

Narrow public claim

Panel 2 shows that industry market participants expect regulatory authorities to intervene to limit the risks of generative AI.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 111
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

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Exact source quote
Panel 2 shows that industry market participants expect regulatory authorities to intervene to limit the risks of generative AI.
CB7K-DOM037-C65registry slot CB7K-DOM037-T07-G05PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

65. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 111

Narrow public claim

Other industry types in panel 2 include AI vendors, academia, and rating agencies.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 111
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

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Exact source quote
Other industry types in panel 2 include AI vendors, academia, and rating agencies.
CB7K-DOM037-C66registry slot CB7K-DOM037-T07-G06PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

66. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 119

Narrow public claim

In panel 2, the IMF AI Preparedness Index incorporates four macro-structural indicators that are relevant for AI adoption: digital infrastructure, innovation and economic integration, human capital and labor market policies, and regulation and ethics.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 119
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

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Exact source quote
In panel 2, the IMF AI Preparedness Index incorporates four macro-structural indicators that are relevant for AI adoption: digital infrastructure, innovation and economic integration, human capital and labor market policies, and regulation and ethics.
CB7K-DOM037-C67registry slot CB7K-DOM037-T07-G07PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

67. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 121

Narrow public claim

FinTech28 Technology-enabled innovation in financial services that could result in new business models, applications, processes, or products with an associated material effect on the provision of financial services.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 121
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

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Exact source quote
FinTech28 Technology-enabled innovation in financial services that could result in new business models, applications, processes, or products with an associated material effect on the provision of financial services.
CB7K-DOM037-C68registry slot CB7K-DOM037-T07-G08PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

68. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 121

Narrow public claim

Foundation models29 An umbrella term referring to a diversity of models that are usually trained by applying deep learning to massive quantities of data, such as text and images.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 121
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t07_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Foundation models29 An umbrella term referring to a diversity of models that are usually trained by applying deep learning to massive quantities of data, such as text and images.
CB7K-DOM037-C69registry slot CB7K-DOM037-T07-G09PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

69. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 122

Narrow public claim

Market-making31 The provision of liquidity for clients in financial instruments, whereby a trader sets firm bid-offer quotes and thereby provides liquidity for a specific product or a particular product class.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 122
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t07_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Market-making31 The provision of liquidity for clients in financial instruments, whereby a trader sets firm bid-offer quotes and thereby provides liquidity for a specific product or a particular product class.
CB7K-DOM037-C70registry slot CB7K-DOM037-T07-G10PASSED: EXACT PRIMARY-SOURCE STATEMENT FOUND

70. IMF Global Financial Stability Report, October 2024: Steadying the Course · PDF page 122

Narrow public claim

Such advisors may be standalone firms and platforms or can be in-house applications of incumbent financial institutions.

What this card proves

The exact quoted statement occurred in the named official PDF fetched on 2026-08-17, and the complete PDF matched the recorded SHA-256.

What this card does not prove

It does not independently establish the underlying model capability, safety, comparison, or real-world truth. This is a retrospective single-maintainer source-publication audit.

Primary source
IMF Global Financial Stability Report, October 2024: Steadying the Course
Section locator
PDF page 122
Captured
2026-08-17
Source SHA-256
966a2932597ef9f6506a7ce225fa45eb047f5d24035189bc636ca4a9eb1edde4
Reproduction
Maintainer run only; no independent operator rerun is registered.
Repeat this exact check locally

Download the PDF to a local file, then run the committed verifier. A changed PDF is reported as drift rather than silently accepted.

python scripts/verify_primary_public_claim_group.py artifacts/cb7k_dom037_t07_primary_claims.json --source-file <local-raw-pdf>
Exact source quote
Such advisors may be standalone firms and platforms or can be in-house applications of incumbent financial institutions.