000			01114pab a2200169 454500
008			180718b2000 xxu||||| |||| 00| 0 eng d
100			_aBanerji, Arun
245			_aLondon's rejection of Lytton's 1878 gold standard proposal: revealed for the first time, and examined
260			_c2000
300			_ap.551-65
362			_a12 Feb
520			_aAs silver fell vis-a-vis gold in the 1870s, to remit home charges in gold (on which "The very existence of the British Government in India depends", Lytton) became a problem, worsened by reduced capital inflow, and capital flight. So in 1878 Lytton proposed a gold standard, upvaluing, and making the rupee a token - unconventional and in parts flawed. Experts and the Indian Office rejected it rudely. This episode is revealed here for the first time, and examined. The historian of economic analysis will detect a likeness of Lytton's proposal with the exchange standard soon to be cobbled by London, and defended by Keynes in 1913. - Reproduced
650			_aGold - Great Britain
650			_aGold
773			_aEconomic and Political Weekly
909			_a44010
999			_c44010 _d44010