Central Banking at the Periphery of the British Empire: Colonial Burma, 1886-1937

Sean Turnell ()

No 511, Research Papers from Macquarie University, Department of Economics

Abstract: The purpose of this paper is to bring to light the efforts to fashion a central bank in Burma during the years in which the country was a province of British India. Throughout this period, which lasted from 1886 to 1937, questions of money and finance in Burma were mostly the preserve of the Raj in Calcutta and New Delhi. And, yet, it is a little-known fact that plans to establish a central bank for Burma were promoted throughout the colonial years by a succession of imperial officials. These plans, which reached their apogee in the 'monetary reform' advocacy that followed the Great Depression, were never realised in the colonial era. They were, however, indicative of a political economy discourse in colonial Burma that was more vigorous, and theoretically sophisticated, than is commonly supposed.

Keywords: Monetary institutions; British Empire; Burma; Indian monetary reform (search for similar items in EconPapers)
JEL-codes: E42 E58 N25 (search for similar items in EconPapers)
Pages: 28 pages.
Date: 2005-07
New Economics Papers: this item is included in nep-cba, nep-his, nep-mac, nep-mon and nep-sea
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