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Financial crises are harmful and transmittable, and persuading needs for fast policy responses. The recent global financial crisis in 2008 significantly impacted many economies across the globe.
Almost all of the affected economies were unable to evade deep economic recessions and drastic reversals in current accounts . The financial crisis commenced in the United States before spreading
to other countries including the United Kingdom. This crisis did not only affect the general economy in the affected countries, but also their financial sectors . This topic area offers an
opportunity to comprehend how it is challenging to address financial crisis and stimulate economic recovery.
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