BIS: Historically, many high-inflation episodes were followed by a banking crisis
Research presented in the report also showed that In recent decades, monetary and fiscal policy gradually moved toward the boundaries of a so-called “region of stability,” as “they were often relied upon as de facto engines of growth.”
Monetary and fiscal policy: safeguarding stability and trust
https://www.bis.org/publ/arpdf/ar2023e2.htm
BIS Annual Economic Report 2023
https://www.bis.org/press/p230625.htm
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