Demonetization in India: An Evaluation

Asian Journal of Economics, Business and Accounting 12(2): 1-12, 2019

12 Pages Posted: 19 Aug 2019

See all articles by Rasel Rasel

Rasel Rasel

Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management

Sajjad Hosain

University of Science and Technology Chittagong (USTC); Sichuan University - Business School

Ayrin Sultana

Hajee Mohammad Danesh Science & Technology University - Department of Finance and Banking

Humayun Kabir

Sichuan University - Business School

Date Written: August 14, 2019

Abstract

The aim of this paper is to discuss the motives and after effects of demonetization decision taken by the Indian Government on November 10, 2016. In addition, it has tried to highlight the demonetization effects in some other countries. The opinions of economists, financial analysts and intellectuals have been highlighted on this paper based solely on published information collected from previous articles, newspapers and books related to the subject matter. The paper will hopefully come to the help of those academicians seeking to investigate more and the policy makers who want some academic references.

Keywords: demonetization; rupee notes; policy; black money; cash; corruption; RBI; MoF

Suggested Citation

Rasel, Rasel and Hosain, Sajjad and Sultana, Ayrin and Kabir, Humayun, Demonetization in India: An Evaluation (August 14, 2019). Asian Journal of Economics, Business and Accounting 12(2): 1-12, 2019, Available at SSRN: https://ssrn.com/abstract=3437167

Rasel Rasel

Southwestern University of Finance and Economics (SWUFE) - Research Institute of Economics & Management

55 Guanghuacun Street
Chengdu, Sichuan 610074
China

Sajjad Hosain (Contact Author)

University of Science and Technology Chittagong (USTC) ( email )

Sichuan University - Business School ( email )

China
13258313858 (Phone)

Ayrin Sultana

Hajee Mohammad Danesh Science & Technology University - Department of Finance and Banking

Bangladesh

Humayun Kabir

Sichuan University - Business School

China

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