LEADER 04130nam 22008055 450 001 9910485152003321 005 20160831032042.0 010 $a1-137-55318-9 024 7 $a10.1057/9781137553188 035 $a(CKB)3710000000745815 035 $a(SSID)ssj0001694929 035 $a(PQKBManifestationID)16545035 035 $a(PQKBTitleCode)TC0001694929 035 $a(PQKBWorkID)14807709 035 $a(PQKB)25090420 035 $a(DE-He213)978-1-137-55318-8 035 $a(MiAaPQ)EBC31176080 035 $a(Au-PeEL)EBL31176080 035 $a(EXLCZ)993710000000745815 100 $a20160701d2016 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt 182 $cc 183 $acr 200 10$aBritish Imperialism and the Making of Colonial Currency Systems$b[electronic resource] /$fby Wadan Narsey 205 $a1st ed. 210 1$aLondon :$cPalgrave Macmillan UK :$cImprint: Palgrave Macmillan,$d2016. 215 $a1 online resource (XV, 356 p.) 225 1 $aPalgrave Studies in the History of Finance 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a1-349-71631-6 311 $a1-137-55317-0 330 $aBased on archival research covering more than two centuries and most former British colonies (West Indies, India, Singapore, Malaya, West Africa and East Africa), this book is a revisionist history of the British imperial manipulations of colonial currency systems to facilitate the rise of sterling to world supremacy via the gold standard, and to slow its eventual decline after World War II. Britain forcibly replaced international currencies, including gold and sterling itself, by new localised silver currencies, backed by gold and sterling reserves in London, under the total control of the British Treasury and the powerful influence of the Bank of England. Ignoring colonial needs, imperial decision-makers continuously over-ruled colonial governments, commercial interest in colonies (British and local), Colonial Office and the Crown Agents, to support liquidity in the London Money Market, convertibility of sterling, export of British capital, and cheap readily available finance for the British Government. Academia, including Keynes and institutions like the London School of Economics, are shown to have played supporting roles. This book is valuable reading for academics and students interested in theories of imperialism, colonial underdevelopment, money (national and international) and related topics such as currency areas and exchange rates. Its comprehensive index links monetary concepts to actual events in the British Empire, with pointers to new research areas. This account of the rise and fall of sterling as a world currency may have lessons for the future trajectories of the US dollar, Euro, Chinese renminbi and the Indian rupee. 410 0$aPalgrave Studies in the History of Finance 606 $aFinance 606 $aFinance--History 606 $aAfrica$xHistory 606 $aAsia$xHistory 606 $aGreat Britain$xHistory 606 $aImperialism 606 $aFinance 606 $aFinancial History 606 $aAfrican History 606 $aAsian History 606 $aHistory of Britain and Ireland 606 $aImperialism and Colonialism 607 $aGreat Britain$xColonies$xEconomic policy 607 $aGreat Britain$xColonies$xAdministration 615 0$aFinance. 615 0$aFinance--History. 615 0$aAfrica$xHistory. 615 0$aAsia$xHistory. 615 0$aGreat Britain$xHistory. 615 0$aImperialism. 615 14$aFinance. 615 24$aFinancial History. 615 24$aAfrican History. 615 24$aAsian History. 615 24$aHistory of Britain and Ireland. 615 24$aImperialism and Colonialism. 676 $a332.4/9171241 700 $aNarsey$b Wadan$01226491 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910485152003321 996 $aBritish Imperialism and the Making of Colonial Currency Systems$92847814 997 $aUNINA