A Critique of India's Currency Experiment
by
Jayati Ghosh, C. P. Chandrasekhar, Prabhat Patnaik
Language: English
Release Date: March 16, 2017
On the night of 8 November 2016, at 8:15 pm, India’s Prime Minister, Narendra Modi, announced in a televised broadcast to the nation that with effect from midnight, currency notes of denominations Rs 500 and Rs 1,000 would no longer be legal tender. In one stroke, this involved the de-recognition...