It is striking to see the extent to which confidence in central banks and in their capacity to deliver stability is important in our democracies. Central banks are, by construction, devoted to stability, they are medium and long term-oriented and they are independent.
I think these are some of the reasons why the new systemic risk boards are close to them on both sides of the Atlantic. 2  BIS Review 136/2010  In other words, you trust Ben Bernanke will not risk a heavy depreciation of the dollar?