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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.

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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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