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E-BOOK
Title Understanding demonetization in India : a deft stroke of economic policy / Shrawan Kumar Singh.
Imprint New York : Business Expert Press, 2019.

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 Internet  Electronic Book    AVAILABLE
Description 1 online resource (195 pages)
Note Available only to authorized UTEP users.
Print version record.
Subject Monetary policy -- India.
Devaluation of currency -- India.
India -- Economic conditions.
India.
Contents Preface -- Acknowledgments -- 1. Introduction to Demonetization -- 2. Functions and Importance of Money -- 3. Demand for Money -- 4. Supply of Money -- 5. Relationship between Money and Prices -- 6. Demonetization in Other Countries -- 7. History of Demonetization in India -- 8. Recent Demonetization of Indian Currency -- 9. Demonetization in India : A Critique -- 10. Impact on Indian Economy -- 11. Demonetization and Black Economy -- 12. Demonetization as a Move to a Less-Cash Economy -- 13. Relation between Union Government and the Reserve Bank of India -- 14. The Ongoing Debate and Political Economy -- 15. An Epilogue : Two Years Later -- References -- About the Author -- Index.
Summary This book examines the very concept, history, critique, and impact on the overall economy and black money, the move toward less-cash economy and digitalization, government-RBI relations, along with an assessment of two years of demonetization. Demonetization has created a severe macroeconomic shock. The measure was humungous in scale and led to a sharp contraction in money supply for a short period. Although demonetization's proponents have contended that it would cleanse the economy of black money and make transactions more formal and digital, its implementation certainly could have been better. The effects of demonetization on the Indian economy are debatable and will vary by sector. Its effectiveness will be talked about and studied by economists and policy makers for decades to come. Demonetization has made only a minor dent in the GDP. It has helped to bring more people into the tax net and has reduced the size of the informal economy. With the increased use of digital payments, economic transactions become recorded. This book examines the very concept, history, critique, and impact on the overall economy and black money, the move toward less-cash economy and digitalization, government-RBI relations, along with an assessment of two years of demonetization. It would be prudent for the government to focus more on proper institutional reforms to address the issues originating from demonetization.
Other Title Print version: Kumar Singh, Shrawn. Understanding Demonetisation in India : A Deft Stroke of Economic Policy. New York : Business Expert Press, ©2019 9781949991055
Other Title Understanding demonetisation in India