In Search of Stability: Economics of Money, History of the Rupee

In Search of Stability seeks to understand the economics of money through a narrative on the history of the rupee. The period delineated for study is from the time of introduction of the rupee by Sher Shah Suri in 1542 up to 1971, the year which marked the beginning of the end of the Bretton Woods era and a fixed exchange rate regime.

The underlying thread that runs through the narrative is the positive economics of money and history of the rupee. This is a book that explains what happened ...