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Lessons Learned: A Conversation with Paul A. Volcker

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Abstract

On March 26, 2019, Andrew Metrick, the Janet Yellen Professor of Finance at the Yale School of Management and Founder and Director of the Yale Program on Financial Stabilitysat down with Paul A. Volcker to discuss his perspectives on the Federal Reserve, central banking autonomy, "too big to fail," and how his perspectives on these topics have changed over the decades.It turned out to be one of the last interviews given by the former Chairman of the Federal Reserve System who passed away on December 8, 2019, at the age of 92.

Suggested Citation

  • Nygaard, Kaleb, 2020. "Lessons Learned: A Conversation with Paul A. Volcker," Journal of Financial Crises, Yale Program on Financial Stability (YPFS), vol. 2(2), pages 168-183, April.
    • Handle: RePEc:ysm:ypfsfc:2277
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    File URL: https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1069&context=journal-of-financial-crises
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    Keywords

    Paul Volcker; Chairman of the Board of Governors; Reagan administration; Continental Illinois; Federal Reserve System; Volcker Rule; Too Big to Fail; central bank autonomy; Financial Supervision; Arthur Burns; James Baker; International Bank Regulation; Systemic Risk;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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