Successes and failures in international Central Banks` monetary policies

Economic fragility across the world made it vulnerable to shocks that triggered crises. The Federal Reserve and US Government supported unsustainable housing and securitisation policies at a time when derivative markets allowed property bubbles to get out of control and gave some traders opportunities to “short the government” and be proved right when Lehman failed. Since the GFC misguided attempts to support recovery led to speculative bubbles and unsustainable government over spending and this time a global pandemic triggered another Global Economic Crisis.
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