Tag Archives: Volcker
Thatcher, Volcker, Keynes and the power of ideas
The death of Margaret Thatcher reminds us all of the power of ideas, when allied to guts and leadership, to change the world. She identified one area of national life after another where restrictions and old ways of doing things were holding back innovation and the spirit of enterprise that lay dormant in the British…
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Carney’s likely priorities
Understanding markets and power leads to one conclusion Those who are familiar with his thinking report that he will be keen to emphasise that responsibility for managing risks lies with the firms themselves. So he will be big on reforming governance of financial institutions. He will insist that bank boards live up to their duty…
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Volcker, Lagarde, Rees-Mogg and the Ikon
Lord Rees-Mogg, former editor of The Times, London and doyen of British commentators, has called for a reform of the global financial system (GFS). Rees-Mogg quotes Paul Volcker, who in a recent interview described the present period as one of the most difficult in history: “This is a recession on top of a complete financial…
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Is global financial reform possible?
Paul Volcker, one of the few universally-esteemed central bankers of the 20th century, has summed up in a few words the messages of The Money Trap. Maybe I should have saved myself the trouble of writing the 340 page book. At least, that was my immediate thought on reading his article. A colleague called to…
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