THE 2008 GLOBAL FINANCIAL CRISIS AND CENTRAL BANK STRATEGIES: A CROSS-COUNTRY POLICY REVIEW
DOI:
https://doi.org/10.48047/be3cmj36Keywords:
Global Financial Crisis, Central Bank Policy Responses, Financial Stability Measures, Crisis Management in Banking, Monetary Policy StrategiesAbstract
The 2008 Global Financial Crisis (GFC) was one of the most severe economic downturns in modern history, necessitating swift and innovative responses from central banks worldwide. This study examines the strategies adopted by major central banks, including the Federal Reserve (USA), the European Central Bank (ECB), the Bank of England, and the Reserve Bank of India, to mitigate the crisis's impact.
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References
❖ Arner, D. W., Panton, M. A., andLejot, P. (2010). Central banks and central bank cooperation in the global financial system. Pacific McGeorge Global Business and Development Law Journal, 23(1), 1-29.
❖ Avetisyan, S. (2025). The role of central bank narratives in economic performance: Evidence from Armenia. ResearchGate.
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