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.
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Paper provided by Macquarie University, Department of Economics in its series Research Papers with number
0511.
Find related papers by JEL classification: N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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