About this document
Impacts of Demonetisation on India by Devesh Waghela is a document available to read on EtoBox.
On November 8, 2016 the Indian government abruptly demonetized 86% of currency in circulation to reduce black money and corruption. This led to large regional variations in the amount of deposited cash as old notes were replaced. The study finds districts with higher deposit growth during demonetization experienced higher subsequent economic activity, as measured by night light data and surveys. It estimates a one standard deviation increase in deposits is associated with a 5% increase in district GDP per c
- Author
- Devesh Waghela
- Language
- EN