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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

  • Anna M. Carabelli
  • Mario A. Cedrini

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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Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

Volume (Year): 33 (2010)
Issue (Month): 2 (January)
Pages: 255-280

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Handle: RePEc:mes:postke:v:33:y:2010:i:2:p:255-280
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  1. Maurice Obstfeld & Jay C. Shambaugh & Alan M. Taylor, 2009. "Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008," NBER Working Papers 14826, National Bureau of Economic Research, Inc.
  2. Eichengreen, Barry, 2006. "Global imbalances: The new economy, the dark matter, the savvy investor, and the standard analysis," Journal of Policy Modeling, Elsevier, vol. 28(6), pages 645-652, September.
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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. Catherine L. Mann, 2005. "Breaking Up is Hard to Do: Global Co-Dependency, Collective Action, and the Challenges of Global Adjustment," CESifo Forum, Ifo Institute for Economic Research at the University of Munich, vol. 6(1), pages 16-23, 06.
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  10. Marchionatti Roberto, 2009. "J. M. Keynes, thinker of economic complexity," CESMEP Working Papers 200902, University of Turin.
  11. Robert Dimand, 2006. "Keynes on Global Economic Integration," Atlantic Economic Journal, International Atlantic Economic Society, vol. 34(2), pages 175-182, June.
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