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...

The dollar’s depreciation during the early floating rate period, 1973–1981, was a symptom of the Great Inflation. In that environment, sterilized foreign exchange interventions were ineffective in halting the dollar’s decline, but they showed a limited ability to smooth dollar movements....

The turbulence in East Asia, the contagious effects on financial markets of other emerging economies and even on the major world stock markets, and the renewed instability in exchange rates are, I think, warnings of trouble in a world in which capital is free to flow as never before around the...

Robert B. Zoellick, President the World Bank Group, discussed the launch of this very important event-a day of initiatives that recognize the value of integrity, governance, and anti-corruption work to the institution to build an inclusive and sustainable globalization. The Volcker Report ended...

This book presents the proceedings of a conference held in Beijing, China, on the role of central banks. Among the speakers were Paul A. Volcker, Miguel Mancera, and Jean Godeaux. The paperss review the role of monetary policy, its formulation and implementation, the supervision and regulation...