How Successful Has The Government And The Bank Of England Been In Running The British Economy Over The Last Two Years? Describe And Evaluate The Main Macro Economic Policies Used By The British Government And The Bank Of England Over The Last Two Years.

The Bank of Eng lendModule Name and Module CodeStudents NameStudents Number (Institution Name (Departments NameInstructors NameNovember 7 , 2008The Bank of England was established in 1694 and was founded by Scotsman William Paterson , it was later nationalized in 1946 . The bank performs all duties of a primeval bank and it forms the land of the banking system in the UK . In the sense that it is a substitution bank , some of the functions that are performed by the bank of England areIt is the banker for the governmentIt is a banker of commercial banksIt is a store and reservoir for resources e .g . capital and foreign exchangeIt manages the government debtControls the issue of the country currencies e .g . coins and notesIt ensures and supports the military operation of domestic financial policyThe Monetary Policy Committee (M PC ) carries stupefied its of import duties and responsibilities and Mr . King currently manages the bank .

One of principal(prenominal) duties that is carried out by the MPC is deciding the interest rank that the minginess should apply under the guidelines of the existing market conditions . This interest evaluate affects the economy adversely and mostly in the domestic pecuniary markets especially the share market mortgages and lending figures . Other duties includes bring up the exchange rate statistics , the demand and output data and the lose on or employment market , which contributes to the determi nation of the command scotch growth . Thus! , the analyzes how this bank has accomplished the...If you compulsion to grasp a full essay, order it on our website: OrderCustomPaper.com

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