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.”

https://www.bloomberg.com/news/articles/2023-06-25/interest-rates-latest-final-hiking-stretch-will-be-hardest-bis-says

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