2. The factory system period The same is true of unconventional interventions in corporate bonds and mortgage-backed securities. Not surprisingly, the concept of central bank independence obviously help to specific financial institutions - and this time, the whole society are under unprecedented economic pressures - soon become politically toxic. Independence is more difficult in an age when cross-border spillovers of national monetary policy become powerful. These spillover effects make central Banks consider the impact of their policies on foreign and global systems. But it is difficult to pursue global goals when the central bank operates under the narrow, centralized mandate of its independence, and is close to impossible. It is also worth noting that in 1985, the financial accounting standards board released the concept of income from the concept framework (SFAC)NO. 6. In 1989, the international accounting standards board's framework for preparing and providing financial statements made clear that benefits also included unrealized gains. In 1997, FASB's FASB N0.130 required a full return; In 1998, IASC's IAS NO.1 required the preparation of an equity change table, a comprehensive income statement, including the benefit of reflecting corporate assets. Accounting earnings include only realized gains, and exclude unrealized gains and losses, the economic benefits will be enterprise's operating earnings and are favorable to the same treatment, regardless of whether they have been implemented. Thus, in general, accounting gains are less than economic gains, and the difference is mainly in the interest. This year, ms lagarde said there was a marked slowdown in activity and the UK's recent performance was disappointing because of the best performance of the global economy since the financial crisis.