This reflects a syndrome which we must combat for our own  BIS Review 161/2010  1  good. We should not gloat on our success.
Some lessons and final thoughts will conclude. Overall, I think there are signs of stabilization that give us confidence about the future. Sound money The financial crisis we are experiencing is not a “monetary crisis” in its essence. The ECB has secured price stability. It is also remarkable that inflation expectations have remained anchored throughout the crisis.