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Conclusion

In: Central Bank Ratings

Author

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  • Indranarain Ramlall

    (University of Mauritius, Reduit)

Abstract

In light of the 2007 US Subprime crisis, strenuous efforts were exerted on the global financial system in view of mitigating systemic risks, which tend to be particularly acute for developed countries based on their high level of integrated financial systems. Central banks’ interventions during the global financial crisis were critical to safeguard financial stability. A more or less similar state of affairs occurred during COVID-19 as central banks resorted once again to asset purchase programmes to ensure that economies do not lapse into recessions.

Suggested Citation

  • Indranarain Ramlall, 2022. "Conclusion," Springer Books, in: Central Bank Ratings, edition 2, chapter 0, pages 123-127, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-98713-8_8
    DOI: 10.1007/978-3-030-98713-8_8
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