We must not forget the examples of high inflation and hyperinflation from the past: They hold important lessons about the costs of not maintaining price stability. That sound policies are the basis for solid economic growth should not be forgotten.
11  See Ross Levine (2005), "Finance and Growth: Theory and Evidence," Philippe Aghion and Steven Durlauf, eds., Handbook of Economic Growth (New York: Elsevier); and Randall S. Kroszner and Philip E. Strahan (2006), "Regulation and Deregulation of the U.S. Banking Industry: Causes, Consequences, and Implications of the Future," unpublished paper. 6  BIS Review 57/2006