Explain the conduct and implementation of monetary policy in any developing country

For each of the four essays, carefully summarize and synthesis the major issues. Highlight the keypoints of your argument. You may use graphs or equations if needed.Question 9 [15 marks]Explain the conduct and implementation of monetary policy in any developing country of your choice.Carefully discuss the key primary and secondary targets and suggest if the conduct of monetarypolicy is per the theory.Question 10 [15 marks]Explain any three major issues for monetary policy resulting from the recent GFC. Identify how theCB of any country of your choice has dealt with the situation(s). Explain the lessons learnt formanaging future financial crisis and securing financial market in that country.Question 11 [15 marks]Justify the movement of interest rate (in alternative directions) resulting from an expansionarymonetary policy. Discuss monetary policy transmission through interest rates and explain if monetarypolicy is effective in any Pacific economy of your choice.Question 12 [15 marks]Use the bonds market and money market expositions (side by side) to explain interest ratedetermination. Discuss how central bank actions may produce a totally different outcome on interestrates than what your diagrams show.