March 30, 2017

Looking Back at Demonetisation

By Vivek Dehejia, Jagdish Bhagwati, Pravin Krishna

In the Times of India blog, Jagdish Bhagwati, Vivek Dehejia and Pravin Krishna argue that detractors of demonitisation have been proven wrong.


"Whatever else supporters and critics of the Indian government’s demonetisation exercise may disagree on, everyone will agree that the decision by Prime Minister Narendra Modi, on 8 November 2016, to remove from legal tender high denomination notes (HDNs) accounting for about 86% of the currency stock in value terms was a bold and unprecedented move. Indeed, it is arguably one of the great economic experiments in modern history and will be studied for years to come."

x Close Window

Please verify your email address to access this content