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Indian Currency and Beyond. The Legacy of the Early Economics of Keynes in the Times of Bretton Woods II

Anna Carabelli () and Mario Cedrini ()

No 121, Working Papers from SEMEQ Department - Faculty of Economics - University of Eastern Piedmont

Abstract: In the paper, we revisit the focus and method of “Indian Currency and Finance” (1913) and the rationale of Keynes's proposal for an international monetary system combining cheapness with stability. In particular, we centre on the management of exchange reserve and the pattern of relationships between creditor and debtor countries, to suggest that Keynes's fresh look at 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 as well as the rationale for a global monetary reform.

Keywords: John Maynard Keynes; Indian Currency and Finance; international economic order; exchange reserves (search for similar items in EconPapers)
JEL-codes: B31 B40 F02 F31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-his, nep-hpe and nep-mon
Date: 2009-05
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