How did governments respond to the Great Financial Crisis?

Governments responded to the Great Financial Crisis with a range of policies aimed at shoring up their financial systems and boosting economic growth. In the immediate aftermath of the crisis, many countries implemented fiscal stimulus measures, such as tax cuts and increased government spending, to boost demand and promote economic activity. Central banks also took steps to stabilize financial markets, including lowering interest rates and providing liquidity to banks. In the longer term, many governments implemented structural reforms aimed at strengthening their financial systems and reducing the risk of another crisis. These included measures such as increased capital requirements for banks and stricter regulation of financial markets. Overall, the response of governments to the Great Financial Crisis was multifaceted and involved a wide range of policy tools.

This mind map was published on 23 May 2023 and has been viewed 112 times.