Finance is an engine of economic growth and its importance in increasing day by day. Since, economic reforms has been formulated, its role further strengthened. Unless, it is managed properly, it may create havoc in the society. Hence, it is essential to know what are the issues in the area of finance in recent time†On this background, the present book consists of sixteen articles and addresses some of the issues in the area of monetary economics, international finance and government finance. Mrs. Jayanthi K. Anand exhaustively reviewed various literature in the area of finance and raised some of the issues as (i) What types of causal nexus between financial development and economic growth exist? Besides, the paper examined the impact of financial deregulation, liberalization, innovation, diversification and reforms on the relationship between financial development and economic growth; (ii) How far methodological differences will influences the results of nexus between financial development and economic growth; (iii) How far the present measurement of financial development can be used for research and what are its limitation. In this context, it is also essential to know what are the alternative scenario of measurement of financial development which is superior than earlier measurement; and (iv) what type of impact of financial innovation, technology and reforms exists on financial development and economic growth?
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