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Modern Currency Reforms: History and Discussion of Recent Currency Reforms In India by Edwin Walter Kemmerer

Modern Currency Reforms: History and Discussion of Recent Currency Reforms In India

by Edwin Walter Kemmerer
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Book cover type: Paperback
  • ISBN13: 9789371697613
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Gyan Publishing House
  • Publisher Imprint: Gyan Publishing House
  • Publication Date:
  • Pages: 600
  • Original Price: INR 1200.0
  • Language: English
  • Edition: N/A
  • Item Weight: 890 grams
  • BISAC Subject(s): N/A

Modern Currency Reforms: History and Discussion of Recent Currency Reforms in India by Edwin Walter Kemmerer provides an analytical overview of India's monetary system and its evolution under British colonial rule. The book examines the transition from silver to a gold-exchange standard, addressing issues like currency depreciation, exchange rate instability, and the role of central banking. Kemmerer evaluates the effectiveness of British-led reforms and offers insights into how modern financial principles could improve monetary stability in India. His work reflects broader themes of global monetary reform, advocating for disciplined fiscal policies, sound currency standards, and institutional frameworks to support economic development.

Edwin Walter Kemmerer (1875–1945), a renowned American economist and "money doctor," advised many nations on financial reform. He promoted strong currencies, the gold standard, central bank independence, and balanced budgets. Kemmerer helped design the U.S. Federal Reserve and played a global role in stabilizing economies. In 1926, amid inflation and political unrest, Poland invited him to create a comprehensive economic stabilization plan. His work aligned with broader U.S. goals to rebuild Europe’s postwar economy, prevent the spread of Bolshevism, and promote global financial stability through structured, expert-led economic policies and international monetary cooperation.

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