By Jayati Ghosh,C. P. Chandrasekhar,Prabhat Patnaik
On the evening of eight November 2016, at 8:15 pm, India’s best Minister, Narendra Modi, introduced in a televised broadcast to the country that with influence from nighttime, forex notes of denominations Rs 500 and Rs 1,000 may not be felony delicate. in a single stroke, this concerned the de-recognition of over 86 consistent with cent of the worth of Indian forex in move with in simple terms 4 hours’ notice.
This vital booklet presents a brief and concise clarification of the pursuits, implications, preliminary results and the political financial system of this significant demonetisation circulate by means of the govt. of India. It clarifies key techniques and gives astute financial research to lead the reader during the quite a few claims, arguments and reviews which were made; highlights the complexities of the tactics which were unleashed; and examines the most likely results within the long-term in addition to those who are instantly evident.
Timely and lucid, this ebook will curiosity scholars and researchers within the fields of economics, finance, administration, legislations, politics and governance in addition to coverage makers, legislators, civil society activists and the media.
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Extra resources for Demonetisation Decoded: A Critique of India's Currency Experiment
Demonetisation Decoded: A Critique of India's Currency Experiment by Jayati Ghosh,C. P. Chandrasekhar,Prabhat Patnaik