Answer 1)
a)History of Quantitative Easing: Quantitative Easing, also known as Open market Operations is one of the conventional method of Credit Control which is followed by central/federal banks to stimulate economic growth and to circumvent the banking system. The history of this method credit control has two phases i.e pre 2007 and post 2007 period. (Parkin, 2011) i)Pre-2007 Period: The very first use of Quantitative technique of Credit Control is attributed to Bank of Japan on March 19th , 2001. The Bank authorities before accepting this method, rejected the efficiency of QE method and rejected its use for ...
