The “Volcker shock” created a triple effect: the US entered a deep recession; commodity prices plummeted; and Latam's capital inflows abruptly reversed With the fall of the Berlin Wall and the ...

Volcker delivered shock therapy, pushing interest rates as high as 20% and driving the economy into recession, notes The Wall Street Journal. "The cost was steep," says The New York Times both to ...

Economic activity also dried up due to the sharp rise in borrowing costs, with Mr Volcker bearing the brunt of the blame. After that shock, however, Mr Volcker reduced rates again, to less than 3%.

Named after Paul Volcker, the Federal Reserve Chairman who attacked inflation in the 1980s, the so-called "Volcker rule" aimed to restrict banks from speculative trading. The Volcker rule is named ...

The Volcker Rule is a rule limiting certain financial institutions' ability to own, invest or sponsor hedge funds, private equity or other proprietary trading operations. The Rule seeks to ...