How do central banks respond to economic crises?
An example of an AI chatbot conversation about central banks' roles in economic crises.
How do central banks respond to economic crises?
Central banks typically respond by adjusting interest rates, implementing quantitative easing, and providing liquidity to banks.
Can you explain quantitative easing in more detail?
Quantitative easing is a monetary policy where a central bank buys government securities to increase money supply and lower interest rates.
What are the risks associated with these actions?
Risks include inflation, asset bubbles, and potential loss of confidence in the currency.
How did the Federal Reserve respond during the 2008 financial crisis?
The Federal Reserve lowered interest rates to near zero, implemented quantitative easing, and provided emergency loans to banks.
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