Perspective on financial crises

Financial crises ; Monetary policy

Monetary policy transmission: past and future challenges

Distinguished address for a conference sponsored by the Federal Reserve Bank of New York called Financial Innovation and Monetary TransmissionMonetary policy ; Interest rates

The contributions and limitations of "monetary" analysis

During Voicker's presidency, the role of monetary aggregates as a guide to policy came under increasing public discussion. In this speech, Voicker discusses the advantages and pitfalls of a strategy of targeting monetary aggregates and alternative operating procedures. He argues that monetary targeting imposes a beneficial discipline on Federal Reserve policies. He also notes, however, that instability in velocity over horizons relevant for policy and the possibility of credit market disturbances make attention to other sources of information imperative.Monetary policy ; Velocity of money ; Money supply ; Volcker, Paul A. ; Federal Reserve System - History

Globalization and the World of Finance

Paul Volcker addresses issues of global finance--particularly fluctuations of the value of emerging-country currencies. Full participation in the world of global finance simply isn't consistent with independent monetary policies by independent nations. Countries should work toward greater stability among major currencies by setting boundaries for fluctuations. This would be done through direct market intervention and central bank policy coordination. The aim would be to avoid the extreme fluctuations that bear on relationship to differentials in interest rates or inflation rates or to more fundamental shifts in competitiveness. This would allow emerging countries to live more comfortably with freedom of international capital movements. This article is the annual Hutchinson Lecture at the University of Delaware.Global; Globalization

The rapid growth of debt in the United States

Debt ; Volcker, Paul A.

YPFS Lessons Learned Oral History Project: An Interview with Paul A. Volcker

Suggested Citation Form: Volcker, Paul A., 2019. “Lessons Learned Interview. Interview by Andre Metrick. Yale Program on Financial Stability Lessons Learned Oral History Project. March 26, 2019. Transcript. https://ypfs.som.yale.edu/library/ypfs-lesson-learned-oral-history-project-interview-wendy-edelber