HIS book is undoubtedly a work of encyclopaedic proportions, which only a master of the subject will dare to undertake....Vasudevan's tantalising voyage through the theory and practice of central banking is a path-breaking and salutary effort. It deserves to be a manual for the modern central banker and those outside who wish to unravel the traditional mystique of monetary or ... Read moreeconomic policies. - A.S. Jayawardena Governor, Central Bank of Sri Lanka n the preface, Vasudevan says modestly that his book is intended to be a reference volume for advanced students in universities and officer staff of central bank, especially in what he calls the emerging market economies (EMEs). He has, in fact, done much more, and with consummate skill. Virtually all aspects of central banking are covered in this book so systematically and fairly that it may well turn out to be an indispensable guide-book for both advisers and policy-makers in monetary authorities as well as finance ministries. - ECONOMIC & POLITICAL WEEKLY Book Reviewed by Ex-Dy. Governor, RBI Dr. K.S. Krishnaswami Show Less