This volume is a collection of papers covering issues related to macroeconomic policy, banking and international finance, monetary policy and financial sector reforms. The papers capture the shifts in thinking, debates and consensus on issues critical to the design and implementation of economic reforms. They provide valuable insights into the role of financial markets, monetary-fiscal policies and the international financial system in the transformation of closed economies. The contributors include eminent academics, central bankers and civil servants who have been associated with C. Rangarajan both in India as well as internationally. This is a rewarding and enriching read for those interested in the fields of money, banking and finance, as well as the current state of the Indian economy.
ABOUT THE AUTHOR Y V Reddy
Dr Yaga V. Reddy served as the Governor of Reserve Bank of India from September 2003 to September 2008. He is currently Emeritus Professor, Department of Economics, University of Hyderabad. He has been a member of the Commission of Experts of The President of the UN General Assembly on Reforms of The International Monetary and Financial System. He has also been a Guest of Committee on Global Thought, Columbia University, New York. His contributions were recognised by Award of Doctor of Letters (honoris causa) by Sri Venkateswara University, India; and Doctor of Civil Law (honoris causa), by University of Mauritius. He was also elected as Honorary Fellow of the London School of Economics and Political Science.Prior to being the Governor, he was Executive Director for India, Sri Lanka, Bangladesh and Bhutan at the International Monetary Fund. This was preceded by his stint as Deputy Governor, Reserve Bank of India. He was also Secretary, Ministry of Finance, and Additional Secretary, Ministry of Commerce in the Government of India. He served the Government of Andhra Pradesh, India, in several capacities including Principal Secretary and Secretary Finance and Planning. He was also advisor in the World Bank.He has been closely associated with several academic institutions in teaching and research capacities. He has authored several articles and published a number of books, including the recent highly successful India and the Global Financial Crisis: Managing Money and Finance.
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