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Synopsis 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.