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Books > Business & Economics > Finance & accounting > Finance > Banking
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Understanding Demonetization in India - A Deft Stroke of Economic Policy (Paperback)
Loot Price: R536
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Understanding Demonetization in India - A Deft Stroke of Economic Policy (Paperback)
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List price R592
Loot Price R536
Discovery Miles 5 360
You Save R56 (9%)
Expected to ship within 18 - 22 working days
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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
black money and make transactions more formal and digital, its
implementation certainly could have been better. The effects of
demonetization on the Indian economy are debatable and will vary by
sector. Its effectiveness will be talked about and studied by
economists and policy makers for decades to come. Demonetization
has made only a minor dent in the GDP. It has helped to bring more
people into the tax net and has reduced the size of the informal
economy. With the increased use of digital payments, economic
transactions become recorded. 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. It would be prudent for the government to focus
more on proper institutional reforms to address the issues
originating from demonetization.
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