The global financial crisis (GFC) refers to the period of extreme stress in global financial markets and banking systems between mid 2007 and early 2009. During the GFC, a downturn in the US housing market was a catalyst for a financial crisis that spread from the United States to the rest of the world through linkages in the global financial ...

The global financial crisis (GFC) refers to the period of extreme stress in global financial markets and banking systems between mid 2007 and early 2009. During the GFC, a downturn in the US housing market was a catalyst for a financial crisis that spread from the United States to the rest of the world through linkages in the global

In response to the global financial crisis (GFC) of 2007–2009 and the deep recession it caused in parts of the world, central banks in many advanced economies lowered their policy interest rates to near-zero levels.

2018年9月7日 · RBA leaders explain what happened as the GFC hit, why cash advances to the banks almost doubled, and how the banking guarantee turned into a 'nice little earner' for the federal government.

2018年10月5日 · And so it was that on Tuesday, October 7, 2008, the RBA stunned everyone when it slashed its all-important cash rate by 100 basis points, making it the first major global central bank to move ...

As well as easing monetary policy sharply, the RBA undertook a number of “balance sheet” measures to reduce stress in the financial system: the supply of bank reserves was increased substantially further after September last

2019年1月24日 · The global financial crisis (GFC) occurred from mid-2007 to early 2009. It began with a downturn in the US housing market and became an international banking crisis due to excessive risk taking by banks which spread globally throughout the financial system.

2018年10月5日 · On a Monday in early October 2008 The RBA cut the cash rate by an extraordinary 100 basis points. By Friday, the government knew some were stockpiling cash and ATM queues were growing.

2018年12月6日 · The GFC playlist for this speech is Bob Dylan, Teenage Fanclub, Radiohead, You Am I, Split Enz. The label ‘GFC’ was an export from Australia to the rest of the world. Luckily we did not import the Great Recession to balance the trade ledger.

2018年9月13日 · Dr Debelle (who was the assistant governor of financial markets at the time) was in the crisis team with other Reserve Bank power players, including then-RBA governor Glenn Stevens and his deputy ...