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Excerpt from Modern Currency Reforms: A History and Discussion of Recent Currency Reforms in India, Porto Rico, Philippine Islands, Straits Settlements and Mexico Gold standard plan favorably received, 534-53 5. Move ment of exchange rates in Mexico, 1901 - 1908, 535. Influx of pesos into Mexico, 5 36 - 5 37. Problem presented to Mexico by the rise in the gold price of silver in 19054906, 538-5 39. How the Mexican Government solved the prob lem and incidentally placed the currency system upon a strict gold standard, 5 39-547. Mexican gold standard breaks down as a result Of recent domestic revolutions, 547. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Stable monetary systems form one of the pillars on which rapid economics development in Southeast Asia in recent decades has been based. The same was true in the past. Monetary stabilization became as important issue after 1870, when silver depreciated rapidly against gold and Western countries switched to the gold standard. Colonial Indonesia followed the Netherlands in this respect. On the ardent advice of N.P van den Berg, then president of the central bank, the Java Bank, it was the first Asian country to stabilize its currency against gold, in this case against the gold-based Dutch guilder. Van den Berg was a prominent proponent of monetary stabilization and was well known for his contributions to he dicussion about currency systems and monetary policy in the government of British India, which was at the time exploring ways to achieve stabilization of the rupee. Both the arguments and the wealth of data in the reprint of this very rare book will be of interest to historians of Southeast Asia.
Provides new analysis of the spread of central banking beyond Western Europe and North America in the 1920s and 1930s.