3 essay questions (pick and answer only 3 out of 4 questions)

1.    Describe central banks response to the Global Financial Crisis 2007-2008. Please, explain quantitative easing and how it is implemented. What are the current positions of the FED, ECB, BoE, BoJ in terms of state of economies and programs that were designed to support the economies after the Global Financial Crisis 2007-2008

2.    Please, discuss advantages and disadvantages of fixed and floating exchange rate regimes. What attributes of the ideal currency can be achieved under fixed and floating exchange rates?

3.    Briefly describe central banks and governments response to economic slowdown caused by global pandemic (COVID-19) in the US, UK, Eurozone, Japan, and China. How are major world economies recovering from the economic impact of the pandemic?

4.    What is LIBOR? How is it determined/set? Why is it important? Why is it going to be replaced/phases out?