Impact of Demonetization

Authors

  • Dr. Punam Devi Head Department of Management

Keywords:

Demonetization, money supply, GDP, digital payments

Abstract

The French coined the term Demonetize in 1850 -1855, and many countries have used the demonetization policy with restriction and discomfort as it disrupts both the economy and population Present study is an event study. Demonetization in India was an historical decision and present paper is analysis of immediate change in important macro variables due to demonetization. Paper calls for further study on effect of demonetization too which will be depending upon long term changes due to the event. The aim of the action was to curb corruption, counterfeiting use of high denomination notes for terrorist activities and especially the accumulation of “black money”, generated by income that has not been declared to the tax authorities. Slowdown in economy, failure in checking on black money and inconvenience to the mass had been hot news for last some months. Here is an analysis based on data to test the authenticity. In different sections of the paper we will discuss various issues related to the event.

Additional Files

Published

2018-03-30

How to Cite

Devi, D. P. (2018). Impact of Demonetization. NOLEGEIN- Journal of Entrepreneurship Planning, Development and Management, 1(2), 7–13. Retrieved from https://mbajournals.in/index.php/JoEPDM/article/view/119

Issue

Vol. 1 No. 2 (2018): NOLEGEIN Journal of Entrepreneurship Planning, Development and Management

Section

Research Paper

License

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