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Understanding Demonetization in India: A Deft Stroke of Economic Policy

By Shrawan Kumar Singh PhD
eBook
$17.99
By Shrawan Kumar Singh PhD
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This book examines the very concept, history, critique, and impact on the overall economy and black money, the move toward less-cash economy and digitalization, government–RBI relations, along with an assessment of two years of demonetization.

Demonetization has created a severe macroeconomic shock. The measure was humungous in scale and led to a sharp contraction in money supply for a short period. Although demonetization’s proponents have contended that it would cleanse the economy of blac...