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Global Financial Crisis has affected all economies around the globe. It started from subprime meltdown to liquidity crisis to economic crisis. Please explain the main

Global Financial Crisis has affected all economies around the globe. It started from subprime meltdown to liquidity crisis to economic crisis. Please explain the main roots of the 2008 crisis as discussed in the class. Since December 2020, The COVID-19 has spread around the world, resulting in a reduction in economic activity around the world. To prevent new infections, several governments have mandated strict measures to avoid unnecessary contact with people who are already infected, especially vulnerable segments of the population. This has caused the preventive closure of schools, universities, factories, and businesses, casting a veil over the world in a manner unprecedented in decades. At the same time, the pandemic has led to a sharp increase in risk aversion, the financial system of several countries has suffered a considerable impact following abrupt reductions in capital flows These incidents of the coronavirus crisis have undermined global financial stability. Regarding the UAE, what are the financial measures that the central bank of UAE adapted to reduce the impact of COVID-19 in different sectors of the economy?

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