But the bank has emerged from the crisis as one of the most effective at promoting stability, according to a study by the Federal Reserve Bank of New York.

ECONOMIST: The Swiss National Bank

As a rule, though, governments would do better to harness the power of markets to boost stability, by demanding transparency, promoting standardisation and exchange-based trading.

ECONOMIST: Shifting the balance

For that matter, it is fair to ask whether the Fed should be promoting inflation at all, given its dual mandate of price stability and full employment.

FORBES: Why Stock Investors Should Root For Inflation