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.
Indian Currency and Beyond. The Legacy of the Early Economics of Keynes in the Times of Bretton Woods II
CEDRINI, Mario Aldo
2011-01-01
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.
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