Deepak Mohanty
Deepak Mohanty is the highest ranked economist [1] in India's central bank, Reserve Bank of India (RBI). He holds the post of Executive Director at the head office of RBI in Mumbai. The areas supervised by him are monetary policy, economic research and statistics. He has also worked in various positions in economic research and monetary policy departments of the RBI.
He has already served in the International Monetary Fund (IMF) as senior adviser.
He has graduated with Economics (Honors)from Ravenshaw College, Cuttack in 1979, before joining Jawaharlal Nehru University for his Master's Degree. He also holds a Master's Degree in Economics from Yale University. His current research interest includes monetary economics and international macroeconomics.
He has presided over a few committees in RBI for suggesting various policy changes by the central bank. In one such committee to look into the market operations of RBI he has suggested that only the repo rate should be the signalling rate and that the monetary system should almost always operate in a deficit. The other big suggestion made is that the government's surplus cash that it deposits with the RBI should be auctioned so that there is no lead and lag in liquidity.[2]
Mohanty has recently edited and contributed to a book of research papers titled "Regional Economy of India: Growth and Finance". [3]