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The government and the Reserve Bank of Australia, like their counterparts in other major countries, have enacted several measures to protect and stimulate their economies in the wake of the…
Reserve Bank of New Zealand On 16 March the Reserve Bank of New Zealand (RBNZ), the country's central bank, lowered its Official Cash Rate from 1.0% to 0.25% and said…
Since March 2020, the European Central Bank (ECB) and the European Union have announced several major economic stimulus programmes and policy measures to protect businesses, consumers and institutions in the…
Canadian Government On 13 March the government announced the creation of a CA$10 billion Business Credit Availability Program (BCAP) to support financing in the private sector through the Business Development…
United Kingdom Government Since March 2020, the government of the United Kingdom and the country's central bank, the Bank of England, have announced several major economic stimulus programs and policy…
United States Government As the world's largest economy, the U.S. has been at the forefront of taking the initiative to help its citizens and businesses survive financially during the shutdown…
From a financial historian's perspective, 2020 will go down as one of the most active years in the modern era. A number of events sent the capital markets into a…
The Canadian banking system is generally considered to be one of the safest in the world. According to Global Finance magazine's annual listing of the world's safest banks based on…
What Is A Bank Stress Test? Bank stress tests are administered by some of the world's major central banks to assess the ability of the largest commercial banks they oversee…
The Australian financial system is regulated by the Australian Prudential Regulation Authority (APRA), which oversees "authorised deposit-taking institutions" such as banks, building societies and credit unions. It also regulates insurance…
Market observers have repeatedly thrown around the word "depression" to describe a severe economic downturn. However, when it comes to pinning down a specific definition of this term, there is…
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