Synopsis The Reserve Bank of India has promoted research right from the early years of its existence. Excellent research papers have been prepared by some of the outstanding economists of the Bank. Barring exceptions, the invaluable research embodied in these papers has not been ‘widely’ disseminated Former Executive Director, Dr. A. Vasudevan has utilized his lifetime of experience at the central bank to painstakingly edit the present collection of research papers (organised under four sections) with a comprehensive introduction. According to Dr. Vasudevan “The objective of the volume is not to include articles in a large number of areas but to include only those that focus on money, monetary policy and banking issues — areas in which the Reserve Bank’s expertise is widely recognized.” The 20 chosen research papers included in the volume are contributed by D. Ajit, R.D. Bangar, Anupam Basu, Indranil Bhattacharya, B.K. Bhoi, Goutam Chatterjee, Abhiman Das, Narendra Jadhav, Himanshu Joshi, Renu Kohli, K.A. Menon, M.S. Mohanty, Ashok Nag, N. Nagarajan, Michael Debabrata Patra, Sitikantha Pattanaik, C. Rangarajan, D.C. Rao, Deba Prasad Rath, Mridul Saggar, Y.S.R. Sarma (late), Indranil Sengupta, Anoop Singh, A. Vasudevan, T.R. Venkatachalam, and Ghanshyam Upadhyay. Dr. C. Rangarajan’s foreword to this volume adequately highlights its unique importance — a fact also echoed in the comments of two other distinguished experts, namely Professor R. Radhakrishna and Professor D.M. Nachane.