Money & Finance

On demonetisation

  • Blog Post Date 23 December, 2016
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Parikshit Ghosh

Editor-in-Chief, I4I; Delhi School of Economics

On the evening of 8 November, the Prime Minister announced on national television that Rs. 1,000 and 500 notes are no longer legal tender, and must be exchanged at the banks for newly issued currency. This major policy intervention has sparked a country-wide debate. Will it curb black money? Is it going to nudge us towards a cashless society? How much will be the collateral damage from the liquidity shock and is it a price worth paying?

Ideas for India is following the issue closely. A lot of commentary has already appeared on our pages and more will be forthcoming. This page collects together all the articles we have posted on demonetisation, in reverse chronological order.

What did demonetisation do to domestic agricultural markets? - Nidhi Aggarwal (IIM, Udaipur), Sudha Narayanan (IGIDR)

The economic and political consequences of India’s demonetisation - Abhijit Banerjee (Massachusetts Institute of Technology), Namrata Kala (Harvard University)

Reviving the informal sector from the throes of demonetisation - Kaushik Bhattacharya (IIM Lucknow), Siddhartha Mitra (Jadavpur University), Sarmistha Pal (University of Surrey), Bibhas Saha (Durham University).

How to go about chasing black money - Indira Rajaraman (Independent Economist)

Aadhaar, demonetisation, and the poor - Siliva Masiero (Loughborough University)

Assessing the impact of demonetisation through the gender lens - Mitali Nikore (PwC Pvt. Ltd.)

Demonetisation: A thunderbolt in search of a target - Ajit Karnik (Middlesex University, Dubai)

India’s demonetisation drive: Politics trumps economics - Siddhartha Mitra (Jadavpur University)

Demonetisation: Some very counterintuitive effects in practice - Gurbachan Singh (ISI Delhi Centre)

Will demonetisation lead to a protracted economic slowdown? - Radhika Pandey (NIPFP), Rajeswari Sengupta (IGIDR)

The demonetisation boondoggle - Amartya Lahiri (University of British Columbia)

Why Demonetisation? - Sarmistha Pal (University of Surrey)

Demonetisation and agricultural markets - Nidhi Aggarwal, Sudha Narayanan (IGIDR)

Consequences of the demonetisation shock - Sudipto Mundle (NIPFP)

Notes ban: Modinomics vs. Moditics - Maitreesh Ghatak (London School of Economics)

A monetary economics view of the demonetisation - Ajay Shah (NIPFP)

Going cashless but thinking cash? - Bappaditya Mukhopadhyay (Great Lakes Institute of Management)

Picking up the pieces - Pronab Sen (International Growth Centre)

A macro view of India’s currency ban - Rajeswari Sengupta (IGIDR)

Shock and oh damn - Pronab Sen (International Growth Centre)

A closer look at demonetisation - Gurbachan Singh (ISI Delhi Centre)

Currency shock: Does the gain justify the strain? - Parikshit Ghosh (Delhi School of Economics)

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