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

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  • Anna M. Carabelli
  • Mario A. Cedrini

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.

Suggested Citation

  • Anna M. Carabelli & Mario A. Cedrini, 2010. ">i>Indian Currency>/i> and beyond: the legacy of the early economics of Keynes in the times of Bretton Woods II," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 33(2), pages 255-280, January.
  • Handle: RePEc:mes:postke:v:33:y:2010:i:2:p:255-280
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    1. Aizenman, Joshua, 2009. "On the paradox of prudential regulations in the globalized economy; International reserves and the crisis: a reassessment," Santa Cruz Center for International Economics, Working Paper Series qt5hx2x2kj, Center for International Economics, UC Santa Cruz.
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    4. Mario A. Cedrini, 2008. "Fighting Through Britain. The “Gift Dimension” of Keynes's Quest for a New Global Order," Working Papers 119, SEMEQ Department - Faculty of Economics - University of Eastern Piedmont.
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    6. Robert Dimand, 2006. "Keynes on Global Economic Integration," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 34(2), pages 175-182, June.
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    9. Joshua Aizenman, 2008. "Large Hoarding Of International Reserves And The Emerging Global Economic Architecture," Manchester School, University of Manchester, vol. 76(5), pages 487-503, September.
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    Cited by:

    1. Anna Carabelli, 2012. "A new methodological approach to economic theory: what I have learnt from 30 years of research on Keynes," Chapters,in: Keynes’s General Theory for Today, chapter 5, pages 79-97 Edward Elgar Publishing.
    2. Carabelli, Anna M. & Cedrini, Mario, 2013. "Globalization and Keynes’s Ideal of a “Sounder Political Economy between all Nations," Department of Economics and Statistics Cognetti de Martiis. Working Papers 201349, University of Turin.
    3. Anna M. Carabelli & Mario A. Cedrini, 2014. "Keynes's General Theory , Treatise on Money and Tract on Monetary Reform : different theories, same methodological approach?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 21(6), pages 1060-1084, December.
    4. Jörg Bibow, 2010. "Global imbalances, the US dollar, and how the crisis at the core of global finance spread to "self-insuring" emerging market economies," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 7(2), pages 325-359.

    More about this item

    Keywords

    exchange reserves; Indian Currency and Finance; >i>international economic order>/i>; >i>John Maynard Keynes>/i>;

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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