Front Matter

Front Matter

International Monetary Fund. External Relations Dept.
Published Date:
March 2013
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    Society, Economic Policies, and the Financial Sector

    Y. V. Reddy

    Bank for International Settlements

    Per Jacobsson Foundation


    ISSN 0252-3108

    Editor: Michael Harrup

    Cover Design and Production: IMF Multimedia Services

    Composition: Maryland Composition, Inc.

    The Per Jacobsson lectures are available on the Internet at, which also includes further information on the Foundation. Copies of the Per Jacobsson lectures may be acquired without charge from the Secretary.


    The 2012 Per Jacobsson Foundation Lecture, “Society, Economic Policies, and the Financial Sector,” was presented by Y. V. Reddy, Emeritus Professor at the University of Hyderabad, Distinguished Professor at Indian Institute of Technology Madras, and former Governor of the Reserve Bank of India. The lecture was held on June 24 in Basel, Switzerland, in conjunction with the Annual General Meeting of the Bank for International Settlements (BIS). The event was moderated by Per Jacobsson Foundation Chair Guillermo Ortiz.

    The Per Jacobsson Foundation was established in 1964 to commemorate the work of Per Jacobsson (1894–1963) as a statesman in international monetary affairs. Per Jacobsson was the third Managing Director of the IMF (1956–63) and had earlier served as the Economic Adviser of the BIS (1931–56). Per Jacobsson Foundation lectures and contributions to symposia are expressions of personal views and intended to be substantial contributions to the field in which Per Jacobsson worked. They are distributed free of charge by the Foundation. Further information about the Foundation may be obtained from the Secretary of the Foundation or may be found on the Foundation’s website (

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