Short-term effects of India’s demonetization on the rural poor
Binoy Majumder and
Economics Letters, 2018, vol. 170, issue C, 117-121
This paper analyzes the short-run responses of poor rural households to India’s demonetization in 2016. We estimate an economic loss of 15.5% over the two months post demonetization and discuss a range of strategies that the households adopted to exchange their banned currency-denominations.
Keywords: Demonetization; Loss; Currency shock; Financial diaries; India (search for similar items in EconPapers)
JEL-codes: E6 I3 O2 D10 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:170:y:2018:i:c:p:117-121
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