ID 2813
FullText File
Title Alternative
India’s Gold Exchange Standard System in the Colonial Period and a Nationalist Businessman
Authors
IMADA, Shusaku Faculty of Economics researchmap
Self DOI
Journal Title
The Wakayama economic review
ISSN
04516222
NCID
AN00071425
Volume
386
Start Page
1
End Page
34
Order
01
Published Date
2016-12-01
Language
jpn
Keywords
インド幣制
金為替本位制
ナショナリズム
Keywords Alternative
India's monetary system
Gold exchange standard system
Nationalism
Abstract Alternative
The aim of this article is to investigate the nature of the controversy concerning India's monetary system discussed in 1919 by a committee established by the British government. In this article, we will focus our concern on D. M. Dalal, who was a nationalist businessman in Bombay and the sole Indian committee member. He wrote a minority report criticizing the British authority’s policy and proposing a gold coin standard system instead of the existing gold exchange standard system. We will examine why he proposed a gold coin standard system and how he combined this economic proposal with his political task of promoting India's autonomy. The conclusions will be as follows. Dalal's purpose was to offer an alternative plan against the rise of the exchange rate of the rupee and to show that where monetary supremacy would be was more significant than which monetary system would be adopted. His proposal implicitly included political criticism of colonial rule, and this was the main reason why his proposal was rejected in the committee dominated by the British members.
Content Type
Departmental Bulletin Paper
Text Version
publisher