There is much to talk about. In these opening remarks of your sessions, I will confine myself to sketching the broad economic picture in which your employment prospects will be determined.
In addition to cutting interest rate to historically low levels, central banks around the world provided ample liquidity at a higher frequency and with longer maturities to a larger group of financial institutions and against an extended list of collateral, agreed on foreign exchange swap lines and entered new territories by buying assets on secondary markets.