Summarize the monetary policy measures taken by central banks to address the worldwide financial crisis (2008) and the COVID crisis (2019/2020).
Monetary policy measures which has been taken by the central banks all across the world in order to deal with financial crisis and covid crisis are as follows-
A. Central banks all across the world has adopted quantitative easing monetary policy.
B. Central Bank has tried to ease down the interest rates in order to stimulate the demand
C. Central Bank has also provided bailout packages in the economy in order to provide support to the economy
D. Central Bank has also cut down on the Reserve requirement of the bank so that Bank can have more money in order to lend more so that demand could be stimulated
E. Central Bank all across the world has also engaged into open market operations in order to deal with adverse economic cycle
F. Central banks had also started to buy out various securities from the market in order to ensure Liquidity into the market.
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