Y. V. Reddy served as Governor of the Reserve Bank of India from 2003 to 2008. Prior to being the Governor, he was Executive Director for India, Sri Lanka, Bangladesh and Bhutan at the International Monetary Fund. He is currently Emeritus Professor at the University of Hyderabad.

'If America had a central bank chief like Y.  V. Reddy, the US economy would not have been in such a mess.' —Joseph E. Stiglitz, Professor of Economics at Columbia University and Nobel Laureate, to NDTV

• List of Abbreviations; Acknowledgements; Introduction; Part I. Indian Economy: Review and Prospects; Part II. Financial-Sector Reforms; Part III. Banking-Sector Reforms; Part IV. Monetary Policy in a Globalising World; Part V. Organisation and Communication Policies of the RBI; Part VI. Managing Capital Account Liberalisation; Part VII. Global Financial Imbalances and Crisis; Epilogue: The Global Financial Crisis in India; Select Bibliography; Index