Rebalancing the World Economy

Paul A. Volcker

Rebuilding the World Economy

- Speaker: Paul A. Volcker Chairamn, President's Economic Recovery Advisory Board, U.S.

- Date: November 5, 2010

"Even though there is a lot of experience with corrections in economies over the years, too seldom does it come down to intelligent, complementary economic policies. Usually these corrections are triggered by a financial crisis when disequilibrium becomes so great, the extensions of credit become so large, the uncertainties become so apparent, that there is a real crisis in financial markets. Clearly, there was a huge crisis in the United States, but not in the United States alone. With that as the background, where does the global economy stand now?..."

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