'Assess the role of central banks in maintaining monetary and financial stability, This assignment is an individual assignment. Assignment details Lord Forsyth of Drumlean, Chair of the Economic Affairs Committee, is quoted saying: "The Bank of England has become addicted to quantitative easing. It appears to be its answer to all the country's economic problems and by the end of 2021, the Bank will own an eye-watering 875bn of Government bonds and 20bn in corporate bonds..." Required a. Critically examine the effects of UK quantitative easing policies of 2020/21 that were adopted in response to the COVID19 pandemic on the UK economy. (1000 words). b. In the context of the UK banking sector, discuss how the quantitative easing policies may have impacted banking sector competition. [500 words] C. Identify and discuss the alternative policies that could have been adopted to protect the stability of the UK financial system and to stimulate the economy towards growth during the 2020-2021 period. [500 words). 'Assess the role of central banks in maintaining monetary and financial stability, This assignment is an individual assignment. Assignment details Lord Forsyth of Drumlean, Chair of the Economic Affairs Committee, is quoted saying: "The Bank of England has become addicted to quantitative easing. It appears to be its answer to all the country's economic problems and by the end of 2021, the Bank will own an eye-watering 875bn of Government bonds and 20bn in corporate bonds..." Required a. Critically examine the effects of UK quantitative easing policies of 2020/21 that were adopted in response to the COVID19 pandemic on the UK economy. (1000 words). b. In the context of the UK banking sector, discuss how the quantitative easing policies may have impacted banking sector competition. [500 words] C. Identify and discuss the alternative policies that could have been adopted to protect the stability of the UK financial system and to stimulate the economy towards growth during the 2020-2021 period. [500 words)