paragraph_text: Government involvement in the British economy is primarily exercised by Her Majesty's Treasury, headed by the Chancellor of the Exchequer, and the Department for Business, Energy and Industrial Strategy. Since 1979 management of the economy has followed a broadly laissez - faire approach. The Bank of England is the UK's central bank and its Monetary Policy Committee is responsible for setting interest rates, quantitative easing, and forward guidance.

paragraph_text: Sarang is an alternative school on a hill top started by a teacher couple, Gopalakrishnan and Vijayalakshmi in Agali Panchayath in Attappady, Palakkad district, Kerala, India. The school's curriculum includes organic farming, art forms and environmental conservation among other subjects.

paragraph_text: The European Central Bank had stepped up the buying of member nations debt. In response to the crisis of 2010, some proposals have surfaced for a collective European bond issue that would allow the central bank to purchase a European version of US Treasury bills. To make European sovereign debt assets more similar to a US Treasury, a collective guarantee of the member states' solvency would be necessary.[b] But the German government has resisted this proposal, and other analyses indicate that "the sickness of the euro" is due to the linkage between sovereign debt and failing national banking systems. If the European central bank were to deal directly with failing banking systems sovereign debt would not look as leveraged relative to national income in the financially weaker member states.

paragraph_text: Jean Blancou (August 28, 1936 (Bangui, Central African Republic - November 10, 2010) was a French veterinarian, microbiologist and author of several well known book chapters on the subject of rabies and vaccinations.

paragraph_text: The Journal of the Atmospheric Sciences (until 1962 titled "Journal of Meteorology") is a scientific journal published by the American Meteorological Society. It covers basic research related to the physics, dynamics, and chemistry of the atmosphere of Earth and other planets, with emphasis on the quantitative and deductive aspects of the subject.

paragraph_text: The US Federal Reserve belatedly implemented policies similar to the current quantitative easing during the Great Depression of the 1930s. Specifically, banks' excess reserves exceeded 6 percent in 1940, whereas they vanished during the entire postwar period until 2008. Despite this fact, many commentators called the scope of the Federal Reserve quantitative easing program after the 2008 crisis ``unprecedented ''.

paragraph_text: The Central Bank of Cuba (, BCC) is the central bank of Cuba. It was created in 1997 to take over many of the functions of the National Bank of Cuba (). From its creation until May 2009, the president was Francisco Soberón Valdés, and the current head is Irma Margarita Martínez Castrillón.

paragraph_text: The twelve regional Federal Reserve Banks were established as the operating arms of the nation's central banking system. They are organized much like private corporations -- possibly leading to some confusion about ownership.

paragraph_text: Gosbank (, "Gosudarstvenny bank SSSR"—the State Bank of the USSR) was the central bank of the Soviet Union and the only bank whatsoever in the entire Union from the 1930s to 1987. Gosbank was one of the three Soviet economic authorities, the other two being "Gosplan" (the State Planning Committee) and "Gossnab" (the State Committee for Material Technical Supply). The Gosbank closely collaborated with the Ministry of Finance of the USSR to prepare the national state budget.

paragraph_text: As of Q1 (the first quarter of) 2015, UK government debt amounted to £1.56 trillion, or 81.58% of total GDP, at which time the annual cost of servicing (paying the interest) the public debt amounted to around £43 billion (which is roughly 3% of GDP or 8% of UK government tax income). Approximately a third of this debt is owned by the British government due to the Bank of England's quantitative easing programme, so approximately 1 / 3 of the cost of servicing the debt is paid by the government to itself, reducing the annual servicing cost to approximately £30 billion (approx 2% of GDP, approx 5% of UK government tax income).

paragraph_text: The Chinese Banking Liquidity Crisis of 2013 was a sudden credit crunch affecting China's commercial banks evidenced by a rapid rise on 20 June 2013 in the Shanghai interbank overnight lending rates to a high of 30 percent from its usual rate of less than 3%. The ensuing panic affected gold markets and stock. China's regulation of the foreign exchange market had caused a decline in inflow of cash. On 19 June 2013, instead of injecting additional funds and easing its monetary policy, China's central bank People's Bank of China (PBOC) told commercial banks to "make full use of incremental funds and revitalize stock options." On 24 June 2014 the PBOC told commercial banks to "control the risk associated with credit expansion" effectively increasing the scrutiny of shadow banks' lending practices. This resulted in a sudden shortfall in the cash market resulting in short term repo rates in excess of 25%. In effect China was using market forces to manage the economy.

paragraph_text: Beginning in March 2009, the Bank of England had purchased around £165 billion in assets as of September 2009 and around £175 billion in assets by the end of October 2009. At its meeting in November 2009, the Monetary Policy Committee (MPC) voted to increase total asset purchases to £200 billion. Most of the assets purchased have been UK government securities (gilts); the Bank has also purchased smaller quantities of high - quality private - sector assets. In December 2010, MPC member Adam Posen called for a £50 billion expansion of the Bank's quantitative easing programme, while his colleague Andrew Sentance has called for an increase in interest rates due to inflation being above the target rate of 2%. In October 2011, the Bank of England announced that it would undertake another round of QE, creating an additional £75 billion. In February 2012 it announced an additional £50 billion. In July 2012 it announced another £50 billion, bringing the total amount to £375 billion. The Bank has said that it will not buy more than 70% of any issue of government debt. This means that at least 30% of any issue of government debt will have to be purchased and held by institutions other than the Bank of England. In 2012 the Bank estimated that quantitative easing had benefited households differentially according to the assets they hold; richer households have more assets.

paragraph_text: The euro is managed and administered by the Frankfurt-based European Central Bank (ECB) and the Eurosystem (composed of the central banks of the eurozone countries). As an independent central bank, the ECB has sole authority to set monetary policy. The Eurosystem participates in the printing, minting and distribution of notes and coins in all member states, and the operation of the eurozone payment systems.

paragraph_text: In 2011 Euvin Naidoo was selected by Forbes onto their Top 10 most Powerful and Influential Men under Forty in Africa list. He is currently a banking executive in Johannesburg, South Africa. A graduate of the Harvard Business School (HBS), Euvin Naidoo is also an alumnus of global international management consulting firm McKinsey & Co., having started his career at the Firm in the 1990s with a focus on growth strategies, turnarounds and engagements in Africa within financial services (banking/insurance), telecommunications (fixed and mobile), metals & mining (steel and coal) and airlines/transport (operational efficiency, marketing and new sales channels).

paragraph_text: The President, Directors and Company, of the Bank of the United States, commonly known as the First Bank of the United States, was a national bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. It followed the Bank of North America, the nation's first de facto central bank.

paragraph_text: The Basic Bank Account Number (BBAN) format is decided by the national central bank or designated payment authority of each country. There is no consistency between the formats adopted. The national authority may register its BBAN format with SWIFT, but is not obliged to do so. It may adopt IBAN without registration. SWIFT also acts as the registration authority for the SWIFT system, which is used by most countries that have not adopted IBAN. A major difference between the two systems is that under SWIFT there is no requirement that BBANs used within a country be of a pre-defined length.

paragraph_text: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.

paragraph_text: Kimberly Lynn "Kim" Stolz (born June 8, 1983) is an American fashion model, television personality, author, and financial executive. Stolz was a correspondent for "MTV News", and served as video jockey and host for "The Freshmen", a series on mtvU. Stolz first came to fame as a contestant on Cycle 5 of "America's Next Top Model", where she finished fifth place. She is currently a Managing Director at Bank of America in equity-derivative sales.

paragraph_text: Peterson is considered to be amongst the top authorities on Hispanic Internet culture in the United States. He maintains a presence in a number of IT industry advisory roles. Peterson serves on the Hispanic committee of the Interactive Advertising Bureau in New York City. According to his public biography, he acts as a technology consultant to the Federal government of Mexico.In 2007, a scholarship fund was established at the University of Texas, San Antonio, in Peterson's name.  The fund grants scholarships to Hispanic students pursuing technology related degrees.Peterson, together with former MySpace CEO Richard Rosenblatt and PayPal co-founder Peter Thiel, was reported to be among the founding investors of Vator, with his $250,000 angel investment in the start-up company led by Filipina-American entrepreneur and former CBS Marketwatch lead internet reporter Bambi Francisco in May 2007.

paragraph_text: The Reserve Bank of Australia (RBA), on 14 January 1960, became the Australian central bank and banknote issuing authority, when the Reserve Bank Act 1959 (23 April 1959) removed the central banking functions from the Commonwealth Bank.

Question: When did the current central bank of the country Peterson is a top authority of a subject in start quantitative easing?
Answer: during the Great Depression of the 1930s