Black Money, Corruption and Demonetisation

Martin Patrick

Working Papers from eSocialSciences

Abstract: The demonetisation of currency after a long period of 38 years was a welcome and bold step taken by the Government of India on November 8, 2016. The last demonetisation was implemented in 1978 by withdrawing Rs 1000, Rs 5000, and Rs 10,000 notes that were in circulation. Every reform will have its merits and demerits. The question is whether the merits outweigh the demerits. A careful analysis is required to answer the question.

Keywords: demonetisation; currency; government; notes; circulation; counterfeit currency; black money; corruption; financing and fake currency; Economic reforms; transaction costs (search for similar items in EconPapers)
Date: 2016-11
Note: Current Affairs
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