About the Book: Advice and Dissent
As governor of the RBI from 2003 to 2008 Y.V. Reddy presided over a period of
high growth, low inflation, a stable rupee and ample foreign exchange reserves-a
far cry from the 1991 crisis he lived through and describes in vivid detail,
when the country had to mortgage its gold to meet its debt obligations. He is
credited with saving the Indian banking system from the sub-prime and liquidity
crisis of 2008 that erupted shortly after his term at RBI ended. Leavened with
his irrepressible sense of humour, Advice and Dissent is a warm, engaging
account of a life