000			01095nam a22001577a 4500
999			_c514502 _d514502
008			201110b ||||| |||| 00| 0 eng d
100			_aLahiri, Amartya. _920944
245			_aThe great India demonetization
260			_aThe Journal of Economic Perspectives
300			_a34(1), Winter, 2020: p.55-74
520			_aOn November 8, 2016, India demonetized 86 percent of its currency in circulation. The stated objectives of the move were to seize undeclared income, to destroy counterfeit currency, to speed up formalization of the economy, and to increase the tax base. I find that the evidence over the subsequent three years suggests that the move had limited success in achieving its stated objectives. Disaggregated data suggests that demonetization did have appreciable costs in terms of lost jobs and output. However, the output costs appear to have been temporary.
650			_aMonetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems _920945
773			_aThe Journal of Economic Perspectives
906			_aDEMONETIZATION - INDIA
942			_cAR