Topic The RBA, liquidity and the GFC Can you include any statistics data etc found thanks

Q1)Understanding the GFC

• Causes and triggers of the GFC, such as the collapse of the subprime mortgage market in the United States
• Global impact and the interconnectedness of financial market.

Q2)The RBA's Mandate

• Dual mandate of the RBA: maintaining price stability and ensuring full employment
• Shift in focus during crises like the GFC towards stabilizing the economy and ensuring financial stability

Q3)Importance of Liquidity

• Definition of liquidity and its significance in the financial system
• Explanation of how liquidity issues can escalate during a crisis like the GFC

Q4)RBA's Response to the GFC

• Interest rate adjustments: Lowering interest rates to stimulate borrowing and spending
• Open market operations: Injecting liquidity into the financial system through purchasing government bonds
• Emergency funding: Providing liquidity support to banks facing shortages to maintain financial stability

Q5)Impact on the Australian Economy

• How the RBA's actions helped mitigate the impact of the GFC on Australia
• Statistics on key economic indicators such as GDP growth, unemployment rates, and inflation during and after the crisis

Q6)Lessons Learned

• Importance of proactive regulation in monitoring liquidity risks and addressing vulnerabilities in the financial system
• Role of effective communication from central banks in maintaining confidence and stability during crises