Indian Currency and Finance

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Focusing on the Indian economy, this treatise by John Maynard Keynes examines the transition from a silver to a gold standard and its effects. It provides a historical overview of the gold standard, contrasts coins with paper currency, and evaluates government policies on reserves and cash balances. Keynes also critiques the strengths and weaknesses of the Indian banking system. As his first work, it lays the groundwork for his later macroeconomic theories and government intervention ideas. A new biography of Keynes accompanies this modern edition.