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Central Banking at the Periphery of the British Empire: Colonial Burma, 1886-1937

Author

Listed:
  • Sean Turnell

    (Department of Economics, Macquarie University)

Abstract

The purpose of this paper is to bring to light the efforts to fashion a central bank in Burma during the years in which the country was a province of British India. Throughout this period, which lasted from 1886 to 1937, questions of money and finance in Burma were mostly the preserve of the Raj in Calcutta and New Delhi. And, yet, it is a little-known fact that plans to establish a central bank for Burma were promoted throughout the colonial years by a succession of imperial officials. These plans, which reached their apogee in the 'monetary reform' advocacy that followed the Great Depression, were never realised in the colonial era. They were, however, indicative of a political economy discourse in colonial Burma that was more vigorous, and theoretically sophisticated, than is commonly supposed.

Suggested Citation

  • Sean Turnell, 2005. "Central Banking at the Periphery of the British Empire: Colonial Burma, 1886-1937," Research Papers 0511, Macquarie University, Department of Economics.
    • Handle: RePEc:mac:wpaper:0511
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    File URL: http://www.econ.mq.edu.au/research/2005/Centbanking_Burma.pdf
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    More about this item

    Keywords

    Monetary institutions; British Empire; Burma; Indian monetary reform;
    All these keywords.

    JEL classification:

    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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