The Elastic margin

central banking theory and practice in colonial Burma

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Abstract

The purpose of this paper is to bring to light efforts to fashion a central bank in Burma during the years in which the country was a province of British India. Throughout this era, which lasted from 1886 to 1937, questions of money and finance were chiefly the preserve of the Raj in Calcutta. Behind the scenes, however, plans to establish a central bank for Burma itself were promoted by imperial officials well-schooled in the great monetary and banking controversies of the age. These plans borrowed ideas from many likely and unlikely places but they were also innovative in their own right, and were not without useful insights for central banks everywhere. Lastly, this advocacy for a central bank in Burma was also indicative of a political economy discourse in the country that was more vigorous, and theoretically sophisticated, than is commonly supposed.
Original languageEnglish
Title of host publicationRegarding the past
Subtitle of host publicationproceedings of the 20th Conference of the History of Economic Thought Society of Australia
EditorsPeter E. Earl, Bruce Littleboy
Place of PublicationSt Lucia, Qld
PublisherSchool of Economics, University of Queensland
Pages1-15
Number of pages15
ISBN (Print)9781864998979
Publication statusPublished - 2007
EventHistory of Economic Thought Society of Australia Conference (20th : 2007) - Brisbane
Duration: 11 Jul 200713 Jul 2007

Conference

ConferenceHistory of Economic Thought Society of Australia Conference (20th : 2007)
CityBrisbane
Period11/07/0713/07/07

Keywords

  • monetary institutions
  • British Empire
  • Burma
  • Indian monetary reform

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  • Cite this

    Turnell, S. (2007). The Elastic margin: central banking theory and practice in colonial Burma. In P. E. Earl, & B. Littleboy (Eds.), Regarding the past: proceedings of the 20th Conference of the History of Economic Thought Society of Australia (pp. 1-15). St Lucia, Qld: School of Economics, University of Queensland.