Reference no: EM132902285

Problem 1: Global Financial Crisis has affected all economies around the globe. It started from sub- prime meltdown to liquidity crisis to economic crisis. Please explain the main roots of the 2008 crisis. 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/economic measures that the central bank of UAE adapted to reduce the impact of COVID-19 in different sectors of the economy? Compare the UAE Financial/economic measures with at least 3 countries of the GCC or Middle East, showing the similarities and differences in their responses to the COVID-Pandemic.