The Burma currency board
PDF

Keywords

Burma
currency board
Myanmar.

How to Cite

DIEHL, A. (2022). The Burma currency board. Journal of Economics Library, 9(3), 178–197. https://doi.org/10.1453/jel.v9i3.2363

Abstract

Abstract. We provide a spreadsheet data series and legislative history of the Burma Currency Board (BCB) from 1948 to 1952. The paper assesses the level of orthodoxy exhibited by the board through analysis of legislation and statistics from quarterly bulletins. We also do a comparative analysis of economic health during and after the currency board era through use of economic markers. This paper makes various balance sheet data available in machine-readable form in a companion spreadsheet workbook.

Keywords. Burma, currency board, Myanmar.

JEL. E58; N15.

https://doi.org/10.1453/jel.v9i3.2363
PDF

References

Bányai, R.A. (1974). Money and Banking in China and Southeast Asia during the Japanese Military Occupation 1937-1945. Taipei: Tai Wan Enterprises Co.

Bolt, J., & van Zanden, J.L. (2014). The Maddison Project: Collaborative research on historical national accounts. Economic History Review, 67(3), 627–651. doi. 10.1111/1468-0289.12032

Burma Currency Board. Annual report. (1947/1948-1951/1952). Report of the Burma Currency Board for the Period 1st April, 1947, to 30th September, 1948 (1947/1948); Report of the Burma Currency Board for the Year Ended 30th September, ... (1948/1949-1950/1951); Report of the Burma Currency Board for the Period 1st October, 1951, to 30th June, 1952. Rangoon: Burma Currency Board.

Burma. Central Statistical and Economics Department. Quarterly Bulletin of Statistics. 1951 Q1-1952 Q3. Rangoon: Chief Controller, Central Press.

Donnison, F.S.V. (1956). British Military Administration in the Far East, 1943-46. London: Her Majesty’s Stationery Office.

Furnivall, J.S., & Wijeyewardene, G. (1991). The Fashioning of Leviathan : the Beginnings of British Rule In Burma. Canberra: Published in association with the Economic History of Southeast Asia Project and the Thai-Yunnan Project.

Hanke, S.H. (2002). Currency Boards. Annals of the American Academy of Political and Social Science, 579, 87-106.

Hanke, S.H. (2008). Friedman: Float or Fix?. Cato Journal, 28(2), 275-285.

Hanke, S.H., & Schuler, K. (1994). Currency Boards for Developing Countries: A Handbook. San Francisco, Calif.: ICS Press. Revised 2015 electronic version at. viewed April 3, 2016. [Retrieved from].

Helleiner, E. (2014). Forgotten Foundations of Bretton Woods: International Development and the Making of the Postwar Order. Ithaca, New York: Cornell University Press.

International Monetary Fund (IMF). International Financial Statistics. Washington, D.C.: International Monetary Fund, various issues.

Khaṅ, U. (2000). Economic Development of Burma: A Vision and a Strategy. Stockholm, Sweden: Olof Palme International Center.

Krus, N., & Schuler, K. (2014). Currency board financial statements. Institute for Applied Economics, Global Health, and Study of Business Enterprise, Currency Board Working Papers, No.22. [Retrieved from].

Marsh, D. (1992). The Bundesbank: The Bank that Rules Europe. London: Mandarin Paperbacks.

Meade, J.E. Howson, S., & Moggridge, D.E. (1943). The collected papers of James Meade. Vol. 4., The Cabinet Office Diary, 1944-46. Unwin Hyman, London, 1990.

Min, M.S. (2017). Ch. IV Post Burma Independence." Banknotes of Burma. N.p., 07 Feb. 2012. Web. 27 Jan. 2017. [Retrieved from].

Myint-U, T. (2001). The Making of Modern Burma. Cambridge: Cambridge University Press.

Myint-U, T. (2011). The River of Lost Footsteps: A Personal History of Burma. London: Faber and Faber. Web.

Nu, U. (1952). “Towards a Welfare State.” Speech of Prime Minister U Nu delivered on the opening day of the Union Welfare State Conference on August 4, 1952, Ministry of Information, Government of the Union of Burma.

Thein, M. (2004). Economic Development of Myanmar. Singapore: Institute of Southeast Asian Studies.

Tun, W.U. (1953-1962). Burma’s Currency and Credit, 1st edition, 2nd edition. Bombay: Orient Longmans Limited.

Turnell, S.R. (2002). Reforming the Banking System in Burma: A Survey of the Problems and Possibilities. Technical Advisory Network at The Burma Fund.

Turnell, S.R. (2007). “The Elastic Margin: Central Banking Theory and Practice in Colonial Burma,” paper presented at History of Economic Thought Society of Australia Conference, University of Queensland, St. Lucia, Australia, July., viewed April 3, 2016. [Retrieved from].

Turnell, S.R. (2009). Fiery Dragons: Banks, Moneylenders and Microfinance in Burma, Copenhagen: NIAS Press.

Weintraub, C., & Schuler, K. (2013). “India’s Paper Currency Department (1862-1935) as a Quasi Currency Board.” Studies in Applied Economics no. 9, December, Johns Hopkins University Institute for Applied Economics, Global Health, and Study of Business Enterprise., viewed April 3, 2016. [Retrieved from].

World Bank. (1995). World Bank Data Series, 1995. New York: Oxford University Press.

World Bank. (2016). World Development Indicators. Washington, D.C.: World Bank. viewed May 2, 2016. [Retrieved from].

Creative Commons License
This article licensed under Creative Commons Attribution-NonCommercial license (4.0)

Downloads

Download data is not yet available.