Читать книгу Corporate Governance - Quantity Versus Quality - Middle Eastern Perspective - Saleh Hussain - Страница 11

Many countries of the world, including their respective Central Banks, had to come to the rescue of their economies by introducing measures designed to ease or reduce the impact of the crisis. Some of those actions and measures were:

•Ease the liquidity and credit difficulties - liquidity was injected into the market and made available to banks and financial institutions.

•Direct investment in the stock market through the purchase of shares in troubled companies.

•Deposit Protection Schemes were introduced.

•The U.S. produced an aid package of $700bn to assist troubled banks. In addition central banks around the world in Europe, China and the Middle East pledged sizeable amounts to help their banking sector.

•The U.S. provided a package in excess of US$200 billions to acquire Freddie Mac & Fannie Mae, the two largest mortgage loan companies in the United States.

•Foreign exchange control and interest rate cuts were among the measures applied.

•The United States pledged $540bn to support mutual fund companies.