Demonetisation Decoded

A Critique of India's Currency Experiment

Business & Finance, Accounting, Governmental, Finance & Investing, Banks & Banking
Cover of the book Demonetisation Decoded by Jayati Ghosh, C. P. Chandrasekhar, Prabhat Patnaik, Taylor and Francis
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Author: Jayati Ghosh, C. P. Chandrasekhar, Prabhat Patnaik ISBN: 9781351664011
Publisher: Taylor and Francis Publication: March 16, 2017
Imprint: Routledge India Language: English
Author: Jayati Ghosh, C. P. Chandrasekhar, Prabhat Patnaik
ISBN: 9781351664011
Publisher: Taylor and Francis
Publication: March 16, 2017
Imprint: Routledge India
Language: English

On the night of 8 November 2016, at 8:15 pm, India’s Prime Minister, Narendra Modi, announced in a televised broadcast to the nation that with effect from midnight, currency notes of denominations Rs 500 and Rs 1,000 would no longer be legal tender. In one stroke, this involved the de-recognition of over 86 per cent of the value of Indian currency in circulation with only four hours’ notice.

This important book provides a quick and concise explanation of the goals, implications, initial effects and the political economy of this major demonetisation move by the Government of India. It clarifies key concepts and offers astute economic analysis to guide the reader through the various claims, arguments and critiques that have been made; highlights the complexities of the processes that have been unleashed; and examines the likely outcomes in the long term as well as those that are immediately evident.

Timely and lucid, this book will interest students and researchers in the fields of economics, finance, management, law, politics and governance as well as policy makers, legislators, civil society activists and the media.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

On the night of 8 November 2016, at 8:15 pm, India’s Prime Minister, Narendra Modi, announced in a televised broadcast to the nation that with effect from midnight, currency notes of denominations Rs 500 and Rs 1,000 would no longer be legal tender. In one stroke, this involved the de-recognition of over 86 per cent of the value of Indian currency in circulation with only four hours’ notice.

This important book provides a quick and concise explanation of the goals, implications, initial effects and the political economy of this major demonetisation move by the Government of India. It clarifies key concepts and offers astute economic analysis to guide the reader through the various claims, arguments and critiques that have been made; highlights the complexities of the processes that have been unleashed; and examines the likely outcomes in the long term as well as those that are immediately evident.

Timely and lucid, this book will interest students and researchers in the fields of economics, finance, management, law, politics and governance as well as policy makers, legislators, civil society activists and the media.

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