In this interview excerpt, Michel Camdessus, Director of the Treasury in the French Ministry of Finance and Economic Affairs from 1982 to 1984 and Governor of the Banque de France from 1984 to 1987, discusses the devaluation of the French franc in 1986.

In this interview excerpt, Michel Camdessus, Governor of the Banque de France from 1984 to 1987, describes how, during his time as Governor, he took action to replenish France’s foreign reserves to enable the French franc to keep pace with the Deutschmark in anticipation of future European monetary integration.

In this interview excerpt, Michel Camdessus, Governor of the Banque de France from 1984 to 1987, explains how he sees the status of Governor of the Banque de France as independent from political authorities.