LONDON (AP) -- Every corner of the planet is reeling from the financial crisis, and central banks have responded aggressively by slashing borrowing costs.But the traditional weapon of making it cheaper to borrow doesn't seem to be enough: Interest rates in many parts of the world are at their lowest ever. Many of the world's central bankers are now looking at ways to boost the quantity of money instead of just tweaking the price of it.
Some are implementing quantitative easing -- a term for expanding the supply of money in the economy. Instead of printing new banknotes, the central banks buy securities and other assets from commercial banks in the hope they use their newfound cash to lend to consumers and businesses.
Here's a look at how central banks around the world are attacking the recession -- and the results so far:
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