The GFC has been judged as the worst financial crisis since the 1930s Great Depression, prompting profound reforms at both national and international levels. The foregoing analysis has detailed how it has challenged the capacity of four leading central banks to deal with financial risk, and necessitated further reforms. Drawing upon country-selected case studies, the following observations will conclude the arguments of this study.
KeywordsMonetary Policy Financial Market Financial Crisis Central Bank Financial Stability
Unable to display preview. Download preview PDF.