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India’s Paper Currency Department (1862-1935) as a Quasi Currency Board

Author

Listed:
  • Weintraub, Charles

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

  • Schuler, Kurt

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

We examine to what extent India’s Paper Currency Department (1862-1935) operated like a currency board, using statistical tests based on its monthly balance sheet. Our paper makes the monthly balance sheet data available in machine-readable form for the first time, in a companion spreadsheet workbook, and likewise for the first time offers a through summary of legislation related to the Paper Currency Department.

Suggested Citation

  • Weintraub, Charles & Schuler, Kurt, 2013. "India’s Paper Currency Department (1862-1935) as a Quasi Currency Board," Studies in Applied Economics 9, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0009
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    File URL: https://sites.krieger.jhu.edu/iae/files/2017/04/Indias_Paper_Currency_DepartmentWorkingPaper.pdf
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    Citations

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    Cited by:

    1. Diehl, Alexandra, 2017. "The Burma Currency Board," Studies in Applied Economics 72, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    2. Madan, Miloni & Maki, Alec, 2016. "The Currency Board Monetary System – A Survey of Financial Crises," Studies in Applied Economics 52, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

    More about this item

    Keywords

    Currency board; India; Paper Currency Department;
    All these keywords.

    JEL classification:

    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East

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