This paper revisits Keynes's writings from Indian Currency and Finance (1913) to The General Theory (1936) with a focus on financial instability. The analysis reveals Keynes's astute concerns about the stability/fragility of the banking system, especially under deflationary conditions. Keynes's...

This paper relates Keynes's discussions of money, the state theory of money, financial markets, investors' expectations, uncertainty, and liquidity preference to the dynamics of government bond yields for countries with monetary sovereignty. Keynes argued that the central bank can influence the...

Introduction: an overture to Keynes : major economic writings -- Keynes and the Indian currency system -- The economic consequences of the peace -- The Manchester Guardian supplements and a tract on monetary reform -- The economic consequences of Mr. Churchill -- A treatise on money -- The means...