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Demonetisation Decoded - A Critique of India's Currency Experiment (Paperback)
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Demonetisation Decoded - A Critique of India's Currency Experiment (Paperback)
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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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