The Virtues of Vishnu: Reflecting on the monetary policy contributions of Professor Vishnu Padayachee

Abstract

This paper reflects on the monetary policy contributions of Professor Vishnu Padayachee. He passed away on 29 May 2021, but his legacy has been enduring. Padayachee’s research interests were wide-ranging. Our focus in this paper is Padayachee’s contributions to monetary policy and central banking. Outside his own discipline of economics and economic policy, he had an extensive knowledge of sport, with a specific focus on cricket, and was a specialist collector of books. His sober reflections on economic developments and his role in the historical recording of important events in South Africa’s economic history will be sorely missed.