Paul Volcker, chairman of the US Federal Reserve Board from 1979 to 1987, chairman of Wolfensohn & Co from 1988 to 1996, now 71, looks back over 30 years at a world banking system which "lurched from one crisis to another" from the late 1970s to the early 1990s, and a global financial system which is "still pretty creaky". He fears for small, vulnerable countries, which are like rowboats in an ocean of volatility. He talked to David Shirreff.
June 01, 1999
