The first annual survey published in 2009 coincided with possibly even greater economic globalturbulence linked to the collapse of the US investment bank Lehman Brothers.
The rise came to a halt in 2008 when the Chinese authorities sought to cushion exporters from the turbulence of global recession but resumed in 2010 just weeks before the House passed a bill (see chart).
Our fiscal policy, like our monetary policy, is designed to support stability in these uncertain economic times generated by the turbulence in world financial markets and global commodity price inflation.
Europe's Vstoxx stock market turbulence gauge and the CVix index, which reflects the expected choppiness of global currencies, are both near the lowest since mid-2007.
" From the region's financial turbulence he drew one lesson: "Countries cannot compete for the blessings of global capital markets and refuse their disciplines.