ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Exchange Rate Controversy Revisited

Septembers, 1984 Exchange Rate Controversy Revisited Arun K Banerji Indian Currency and Exchange, 1835-1940 by Prodyot Kumar Goswami; Milind Publications Private Limited, New Delhi, 1983; pp 134 inc bibliography, Rs 50, THE developments in Indian currency and exchange, especially since the third quarter of the last century, and down to the 1930s, have attracted the attention of scholars abroad like Kemmerer, and formed the subject matter of the first book that Keynes wrote, still a classic. But few Indian scholars have seriously studied these developments with the assistance of such sophisticated tools as can be used, beyond the controversy over the rupee- sterling rate in the twenties and the thirties in which some eminent contemporary economists engaged themselves. Therefore, any new study of this neglected subject by a member of the academic profession should be welcomed.

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