By Jayati Ghosh,C. P. Chandrasekhar,Prabhat Patnaik
On the evening of eight November 2016, at 8:15 pm, India’s leading Minister, Narendra Modi, introduced in a televised broadcast to the country that with influence from middle of the night, foreign money 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 in step with cent of the price of Indian foreign money in stream with in basic terms 4 hours’ notice.
This vital e-book offers a short and concise clarification of the targets, implications, preliminary results and the political economic system of this significant demonetisation circulation by means of the govt of India. It clarifies key recommendations and provides astute financial research to steer the reader in the course of the numerous claims, arguments and reviews which have been made; highlights the complexities of the techniques which have been unleashed; and examines the most probably results within the long-term in addition to those who are instantly evident.
Timely and lucid, this e-book 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