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Critically evaluate the effectiveness of the monetary policies adopted in a country of your choice in addressing the consequences of the financial turbulence following the crisis of 2007-8. Have these policies had a favourable influence on the country’s overall macroeconomic performance?In your answer, explain what targets have been adopted by the country’s monetary authorities, and address questions such as the following:· Have these targets changed since the crisis?· What has been the relation between the country’s government and its central bank and other monetary authorities?· How have the country’s monetary policies differed or resembled those of other countries?· To what extent have the country’s monetary policies responded to, or influenced, those of other countries?· What debates are currently topical regarding its monetary policies, within the country and from outside it?· What current domestic and international circumstances are likely to influence the outcome of these debates?Choose the UK or China.

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