- International Monetary Fund. External Relations Dept.
- Published Date:
- March 2013
Dr. Yaga Venugopal Reddy was Governor, Reserve Bank of India, from 2003 to 2008. Subsequently, he was a member of the UN Commission of Experts to the President of the UN General Assembly on Reforms of the International Monetary and Financial System. Dr. Reddy was also a member of an informal international group of prominent persons on international monetary reforms (Palais Royal Initiative). He is Professor Emeritus at the University of Hyderabad and Distinguished Professor at the Indian Institute for Technology (IIT) Madras, as well as an honorary fellow of the London School of Economics and Political Science, and is on the Advisory Board of the Institute for New Economic Thinking (INET).
Prior to his service as Governor, Dr. Reddy was an Executive Director at the IMF, and before that, he was Deputy Governor of the Reserve Bank of India for six years.
Dr. Reddy was honored with India’s second-highest civilian award, the Padma Vibhushan, in 2010. His book India and the Global Financial Crisis: Managing Money and Finance has been among India’s best sellers. His most recent (2011) publication is Global Crisis, Recession and Uneven Recovery, and he is a coeditor of another recent (2012) volume, Of Economics, Policy and Development: An Intellectual Journey.
Dr. Reddy is grateful to Andrew Sheng, A. Premchand, K. Kanaga sabapathy, Philip Turner, and Shankar Acharya for their guidance and advice. Helpful comments on earlier drafts were provided by A. K. Misra, A. Prasad, Anand Sinha, Madhusudan Mohanty, Partha Ray, and Rajiv Ranjan. The usual disclaimer applies.