Demonetisation in India and Emerging Challenges: A Report Delivered to the Department for the Economy, Northern Ireland and the Government of India by Queen’s University Belfast and O.P. Jindal Global University

Leon Litvack, Samuel Vigne

Research output: Book/ReportBook

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Abstract

Demonetisation is the act of divesting a currency unit of its status as legal tender, and in some cases replacing it with new currency units. On 8 November 2016 the Indian Government took the bold step of instantly stripping the 500 and 1,000-Rupee currency notes (which constituted over 86 per cent of the currency in circulation) of their of their value as circulating currency. This report provides an initial assessment of the consequences of this measure for Indian society; it also identifies some of the key longer-term issues, and provides recommendations for further investigation. The full text of the Indian Prime Minister’s public announcement is reprinted as an Appendix.
Original languageEnglish
Place of PublicationBelfast
PublisherQueen's University Belfast
Commissioning bodyNorthern Ireland Department for the Economy
Number of pages20
ISBN (Print)9781909131637, 1909131636
Publication statusPublished - 31 Jul 2017

Keywords

  • India
  • Demonetisation
  • Economy
  • financial crisis
  • banking crises

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)

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  • Activities

    • 1 Participation in conference
    • 1 Participation in workshop, seminar, course
    • 1 Research and Teaching at External Organisation

    O. P. Jindal Global University

    Leon Litvack (Visiting lecturer)

    10 Apr 201712 Apr 2017

    Activity: Visiting an external institution typesResearch and Teaching at External Organisation

    Demonetisation in a Developing Nation and Its Global Implications: A Northern Ireland-India Research Colloquium

    Leon Litvack (Organiser)

    10 Apr 201711 Apr 2017

    Activity: Participating in or organising an event typesParticipation in conference

    Presentation of Demonetisation Report (authored by Leon Litvack) to Ministry of Finance, India

    Leon Litvack (Organiser)

    15 Jun 201720 Jun 2017

    Activity: Participating in or organising an event typesParticipation in workshop, seminar, course

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