The book is edited by Dr. A. Vasudevan. The autiior who is former Executive Director of RBI has utilized his life time of experience at the Central Bank to edit the present collection of research papers (organized under four sections) with a comprehensive introduction. The 20 chosen research papers Included in the volume focus on money, monetary policy and banking issues - areas in which the Reserve Bank's expertise is widely recognized. RBI 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. The book can be conceived essentially as a reference book to prepare the would be managers to face policy matters and to address the new developments in the analytics of the operational aspects of banking.