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Fiery Dragons: Banks, Moneylenders and Microfinance in Burma
Responsible organisation
2011 (English)Book (Refereed)
Abstract [en]

This book tells the story of Burma’s financial system – of its banks, moneylenders and ‘microfinanciers’ – from colonial times to the present day. It argues that Burma’s financial system matters, and that the careful study of this system can tell us something about Burma – not least about how the richest country in Southeast Asia at the dawn of the twentieth century, became the poorest at the dawn of the twenty-first.

While financial systems and institutions matter in all countries, the book argues that they especially count in Burma. Events in the financial and monetary sphere have been unusually, spectacularly, prominent in Burma’s turbulent modern history. From the Chettiars and the alienation of the land, to the backlash against the foreign moneylender. From the great state banks of the democracy years, to the Orwellian ‘people’s banks’ of the Burma way to socialism. From Burma’s bizarre demonetization experiences, to the rise and crash of the entrepreneurial bankers. And from the money launderers to the practitioners of microfinance. The story of Burma’s financial system and its players is one that has shaped the country. It is a dramatic story, and it is an important story.

Place, publisher, year, edition, pages
Copenhagen: NIAS Press, 2011. , 416 p.
, NIAS Monographs, 114
Keyword [en]
Burma, Financial system, Economic history
National Category
Economic History
URN: urn:nbn:se:norden:org:diva-4149ISBN: 978 87 7694 040 9ISBN: 978 87 7694 041 6OAI: diva2:858574
Available from: 2015-10-02 Created: 2015-10-02 Last updated: 2015-10-02

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