Tag Search: “monetary policy”
Demonetisation and rural cooperative banks
The RBI has barred rural cooperative banks from exchanging or accepting the denotified Rs. 1,000 and 500 notes. In this article, Ajay Vir Jakhar of Bharat Krishak Samaj - a non-partisan association of...
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Ajay Vir Jakhar
22 November, 2016
- Notes from the Field
A monetary economics view of the demonetisation
The demonetised Rs. 1,000 and 500 notes were 86% of the total volume of cash in India. In this article, Ajay Shah, Professor at NIPFP, argues that if a significant scale of firm failure were to come a...
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Ajay Shah
21 November, 2016
- Perspectives
Going cashless but thinking cash?
In this article, Bappaditya Mukhopadhyay, Professor of Economics and Finance at the Great Lakes Institute of Management, contends that switching from a predominantly cash-based to cashless economy nee...
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Bappaditya Mukhopadhyay
20 November, 2016
- Perspectives
Picking up the pieces
In an earlier article , Pronab Sen, Country Director, IGC India Central, examined some of the economic consequences of the recent demonetisation of Rs. 1,000 and 500 notes in India, and concluded that...
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Pronab Sen
18 November, 2016
- Perspectives
Policymaking in the ‘grey zone’
Prerna Mukharya, Founder of Outline India – a social enterprise that focuses on data collection, impact assessments and evaluation studies, predominantly working with rural populations in remote areas...
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Prerna Mukharya
17 November, 2016
- Notes from the Field
A macro view of India’s currency ban
The recent ban on high-value currency notes has taken the country by storm. While much is being written about the pros and cons of this announcement in terms of the effect on black money, logistical c...
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Rajeswari Sengupta
15 November, 2016
- Perspectives
Shock and oh damn
In this article, Pronab Sen, Country Director for the India Central Programme of the International Growth Centre, argues that India’s recent demonetisation has penalised virtually the entire informal ...
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Pronab Sen
14 November, 2016
- Perspectives
A closer look at demonetisation
In this article, Gurbachan Singh contends that black money and white money are simplistic concepts; there is a grey area as well. In his view, the economic effects of demonetisation in terms of real e...
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Gurbachan Singh
13 November, 2016
- Perspectives
Currency shock: Does the gain justify the strain?
On the evening of 8 November, PM Modi announced that 1,000 and 500 rupee notes will cease to be legal tender post-midnight. In this article, Parikshit Ghosh, Associate Professor of Economics at the D...
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Parikshit Ghosh
11 November, 2016
- Perspectives
Are grain procurement shocks inflationary?
Central banks in emerging markets grapple with understanding the inflationary impact of grain procurement shocks because the precise link between the agriculture sector and the rest of the economy may...
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Chetan Ghate
Sargam Gupta
Debdulal Mallick
17 October, 2016
- Articles
The tussle between RBI and Ministry of Finance: A different dimension
The popular belief about the tussle between RBI and the Ministry of Finance is that it is an issue of the trade-off between inflation and economic growth, with the former more focussed on controlling ...
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Gurbachan Singh
18 August, 2016
- Perspectives
Inflation targeting: A long way to go
The Finance Bill, 2016, amended the Reserve Bank of India (RBI) Act, 1934, to define inflation targeting as the primary objective of the central bank. In this article, Rajeswari Sengupta, Assistant P...
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Rajeswari Sengupta
18 July, 2016
- Perspectives