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Analytical Issues in Monetary Policy in Transition

Professor C.N. Vakil held very high positions both in the academic and official worlds, and had nurtured and nourished a number of young students of economics who later distinguished themselves as excellent economists of India. Professor Vakil began his professional career as an expert on Indian finances He contributed a great deal to public awareness on the ill-effects of inflation, on the need for stability of the external value of the rupee, and on the imperative necessity of pursuing disciplined and stringent monetary and fiscal policies.