>i>Indian Currency>/i> and beyond: the legacy of the early economics of Keynes in the times of Bretton Woods II

Anna Carabelli () and Mario Cedrini

Journal of Post Keynesian Economics, 2010, vol. 33, issue 2, 255-280

Abstract: In this paper, we revisit the contents and method of Keynes's Indian Currency and Finance (1971a). By focusing on the rationale of his proposal for a new international monetary system combining cheapness with stability, we argue that Keynes's analysis of monetary developments in Asia in the first years of the twentieth century may provide useful hints for an overall rethinking of the major faults of today's Bretton Woods II system.

Keywords: exchange reserves; Indian Currency and Finance; >i>international economic order>/i>; >i>John Maynard Keynes>/i> (search for similar items in EconPapers)
Date: 2010
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