H R Khan: The shrinking money and Reserve Bank of India’s monetary policy Address by Shri H R Khan, Deputy Governor of the Reserve Bank of India, at the 10th National Management Seminar – 2011 on “The shrinking money: combating debt crisis and inflation” organized by The Asian School of Business Management, Bhubaneswar, 10 December 2011.
*  *  *  The speaker acknowledges the valuable contributions of Shri. Sitikantha Pattanaik and Shri. Surajit Bose. When I received the invitation to speak in a seminar having the theme titled “The Shrinking Money: Combating Debt Crises and Inflation”, I took some time trying to understand what exactly “shrinking money” could mean?