Early Lessons from India's Demonetization Experiment

India's government took drastic demonetization action in November 2016 to expose the so-called “black” market, fueled by money that is ...

Bhaskar Chakravorti in HBR – “Early Lessons from India's ...

Early Lessons from India's Demonetization Experiment Did India just pull off a monetary and political miracle? Consider the sequence of ...

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Demonetisation: A year after India killed cash, here's what we can ...

The ostensible objective was a popular one: to root out corruption and illegitimate activity involving untraceable cash transactions. As the ...

A year after India killed cash, here's what we can learn

The primary public good cited for India's demonetization move was to take on the problem of corruption and illegal activity. Many commentators ...

Experimental Evidence on Information Delivery During India's ...

Key words: Information diffusion, Social learning, Common knowledge, Demonetisation ... First, we look at participation in social learning. Adding common ...

What Happens When A Country Suddenly Gets Rid Of Most Of Its ...

The story of India's "demonetization" has given economists a one ... experiment," a rare opportunity to look at how economic theory ...

What the World Can Learn From India's Cash Experiment - Bloomberg

True, the primary goal of flushing out tax cheats has been a flop. But a secondary goal -- "to move toward the cashless society," as India's ...

Harvard Business Review lists out four lessons for the world to learn ...

According to the article, ahead of demonetisation, the Indian government ought to have weighed several factors before taking the decision. These ...

Cash and the Economy: Evidence from India's Demonetization

Thus, the experiment offers a unique opportunity to observe the importance of cash as a facilitator of transactions. We first present a model of demonetization ...

Evidence from India's Demonetization

Before looking at the electoral impacts of demonetization, we first check whether the bank branch policy itself affected elections in the pre-demonetization ...

Cash and the Economy: Evidence from India's Demonetization

We study outcomes drawn from a number of different data sets, many of which have not previously been used in academic research. We first show ...

Demonetization in India: Who Will Pay the Price?

“To break the grip of corruption and black money, we have decided that the currency notes presently in use will no longer be legal tender from ...

What the world can learn from India's demonetisation experiment

Almost a year on, India's ban on large-denomination bills has been deemed a “total failure”. That's not quite fair. True, the primary goal ...

Demonetization and digitalization: The Indian government's hidden ...

In his first speech. (PMO, 2016), Modi made no arguments about digital payments, highlighting the fight against dirty money and counterfeit money. Over the ...

Demonetization in India: An Analysis of an Instant Decision

When India became a. Republic in 1950, India printed its first note after gaining independence. ... This study analyzes the impact of demonetization on a growing ...

India's Demonetization One Year Later: A Failed Tool to Combat ...

Consider first the Indian government's hope that surprise, rapid demonetization would flush black and counterfeit money out of the system, ...

The Real Lesson of India's Demonetization: Bad Economics Can Be ...

At this point, the economic consensus — barring a handful of experts with close links to the Indian government or the ruling Bharatiya Janata ...

What happened after India eliminated cash - Strategy+business

But in August 2018, the Reserve Bank of India (RBI), the country's central bank, confirmed that 99.3 percent of the demonetized notes had been ...

Three lessons from India's demonetization - Asia Times

Data, however, suggest that other than the body bags, Soviet-era-like lines at bank counters and lopping nearly two percentage points off first- ...