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Following the collapse of subprime mortgage markets in 2008 and the 2020 global financial crisis, central banks around the world, in a coordinated strategy, injected

Following the collapse of subprime mortgage markets in 2008 and the 2020 global financial crisis, central banks around the world, in a coordinated strategy, injected massive amount of liquidity to the financial markets. This is to prevent the shutdown of financial and payment systems around the world.

Based on the above report, evaluate central banks' financial sector rescue plan and its role in stabilising the financial systems and markets.

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