In search of stability : economics of money, history of the rupee / Sashi Sivramkrishna.

Author
Sivramkrishna, Sashi [Browse]
Format
Book
Language
English
Published/​Created
Abingdon, Oxon : Routledge, 2017.
Description
490 pages : illustrations ; 23 cm

Availability

Copies in the Library

Location Call Number Status Location Service Notes
Firestone Library - Stacks HG1232 .S68 2017 Browse related items Request

    Details

    Subject(s)
    Summary note
    In Search of Stability seeks to understand the economics of money through a narrative on the history of the rupee. The period delineated for study is from the time of introduction of the rupee by Sher Shah Suri in 1542 up to 1971, the year which marked the beginning of the end of the Bretton Woods era and a fixed exchange rate regime. The underlying thread that runs through the narrative is the positive economics of money and history of the rupee. This is a book that explains what happened rather than raising normative questions on what ought to have happened or what could have been a more appropriate monetary system for India. The economics of money also draws us into understanding the evolution of monetary instruments through history and their impact on the economy. These instruments cannot be separated from the institutions that develop and are developed by them. A digression into a study of the origins, nature and development of some of the most important monetary institutions in India has therefore been included in this study. While standards of living have risen enormously, money has struggled to maintain its value across place and time, without definitive success. This has brought with it crises and severe hardship to entire societies; a lesson which the history of the Indian rupee unequivocally reveals.
    Notes
    First published by Manohar, New Delhi, 2015.
    Bibliographic references
    Includes bibliographical references (pages 473-481) and index.
    Contents
    • Part I: Development of monetary instruments and their stability, 1942-c.1860
    • 1. Currency money
    • 2. Remittance money
    • 3. Commercial credit
    • 4. Bank money
    • 5. Paper currency
    • Part II: External and internal stability in the value of the rupee, c.1860-1971
    • 6. The new wave of international economic integration, 1860-98
    • 7. The gold standard and the gold exchange standard, 1898-1913
    • 8. The First World War, 1914-19
    • 9. The interwar period, 1920-1939
    • 10. The Second World War, 1939-45
    • 11. The Bretton Woods Era, 1945-71
    • Part III: Epilogue, post-1971
    • Epilogue
    • Appendices 1 & 2.
    ISBN
    • 1138234818 (hardback)
    • 9781138234819 (hardback)
    OCLC
    988277933
    Statement on language in description
    Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage. Read more...
    Other views
    Staff view

    Supplementary Information