IDEAS home Printed from https://ideas.repec.org/p/smo/npaper/009.html
   My bibliography  Save this paper

Pros and Cons of Demonetization as a Major Economic Leap Forward

Author

Listed:
  • Shaktiraj Bhavsar

    (Pandit Deendayal Petroleum University, Gujarat, India)

Abstract

Marking half of his elected term as India’s Prime Minister, Narendra Modi, announced the Policy of Demonetization. Primarily aimed at eradicating black money, this policy caught the nation off-guard, resulting in financial chaos. The old unit of currency and its highest denominations that were the notes of rupees 500 and 1000 were demonetized and pulled out of the total cash flow in the country. These two denominations constituted 86% of the domestic cash supply. The objective of this paper to systematically analyze the consequences of this bold and unexpected policy through the secondary data. This policy change was strategically placed to block financial funding to terrorist organizations at the Kashmir border.

Suggested Citation

  • Shaktiraj Bhavsar, 2017. "Pros and Cons of Demonetization as a Major Economic Leap Forward," Working papers Human Development – A Multidisciplinary Research, November 6-7, 2017 009, Research Association for Interdisciplinary Studies.
    • Handle: RePEc:smo:npaper:009
    as

    Download full text from publisher

    File URL: http://rais.education/wp-content/uploads/2017/11/009.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Policy; Demonetization; Economy; Government;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:smo:npaper:009. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eduard David (email available below). General contact details of provider: http://rais.education/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.