Matches in SemOpenAlex for { <https://semopenalex.org/work/W2741620915> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W2741620915 abstract "On November 08, 2016, India took a decisive step towards going “cashless” by suddenly announcing withdrawal of its existing currency notes of two highest denominations, namely, the Rs. 500/= and the Rs. 1000/=. The move, announced with a suddenness that took the entire nation by surprise, had at its root the purpose of countering the threefold menaces of rampant corruption, counterfeit money and cross-border and internal terror funding. It has generated widespread controversy, the main criticism being that while the policy intent was sound, the execution plan was rather unsound. With one of the highest cash-GDP ratio in the world (close to 11%), India was revealed by RBI (Reserve Bank of India) data as having a staggering share of nearly 86% held in Rs.500/= and 1,000/= notes in the currency stock in circulation (end of FY 2014-15). The cost of “retiring” this volume of currency was therefore, going to be enormous which, as economists like former World Bank Chief Kaushik Basu (Basu 2016) emphasize, could far exceed the gains. In view of the intriguing developments overtaking the Indian economy since the date of submission of the initial abstract, problems that subsequently emerged as considerably more pressing and pertinent have been treated in greater detail in this study. Consequently, the approach and methodology has been substantially modified, although of course retaining the original motivation. With its laudable objectives of striking at the cash-corruption link, India saw, within the first four days of the announcement of demonetization, a staggering surge in bank deposits exceeding USD 52 billion, leading to high hopes of trapping unaccounted or illegal money through this route, a hope that was unfortunately to be belied. Given the enormous problem of Non-Performing Assets plaguing Indian Banks, we have also paid special attention to this potential vast source of unaccounted money in some detail. Next, an overview of India’s vast informal sector has been given, and the guidelines by Schneider and Williams (2013) and Schneider and Buehn (2008) have been used in an attempt to estimate the shadow economy in India using cointegration in a MIMIC framework. Finally, not only did India’s decision to demonetize have enormous economic or financial implications, but it also has had huge social and political ramifications that must be recognized." @default.
- W2741620915 created "2017-08-08" @default.
- W2741620915 creator A5070005036 @default.
- W2741620915 date "2017-01-01" @default.
- W2741620915 modified "2023-09-27" @default.
- W2741620915 title "Moving towards Cashlessness in an emerging economy: A case study of latest policy steps in India" @default.
- W2741620915 hasPublicationYear "2017" @default.
- W2741620915 type Work @default.
- W2741620915 sameAs 2741620915 @default.
- W2741620915 citedByCount "0" @default.
- W2741620915 crossrefType "journal-article" @default.
- W2741620915 hasAuthorship W2741620915A5070005036 @default.
- W2741620915 hasConcept C10138342 @default.
- W2741620915 hasConcept C11111821 @default.
- W2741620915 hasConcept C124952713 @default.
- W2741620915 hasConcept C127413603 @default.
- W2741620915 hasConcept C136264566 @default.
- W2741620915 hasConcept C141121606 @default.
- W2741620915 hasConcept C142362112 @default.
- W2741620915 hasConcept C144024400 @default.
- W2741620915 hasConcept C144133560 @default.
- W2741620915 hasConcept C146978453 @default.
- W2741620915 hasConcept C162324750 @default.
- W2741620915 hasConcept C17744445 @default.
- W2741620915 hasConcept C183582576 @default.
- W2741620915 hasConcept C199539241 @default.
- W2741620915 hasConcept C207556602 @default.
- W2741620915 hasConcept C2778083465 @default.
- W2741620915 hasConcept C2779356469 @default.
- W2741620915 hasConcept C2780027415 @default.
- W2741620915 hasConcept C2780343955 @default.
- W2741620915 hasConcept C34447519 @default.
- W2741620915 hasConcept C46312422 @default.
- W2741620915 hasConcept C556758197 @default.
- W2741620915 hasConceptScore W2741620915C10138342 @default.
- W2741620915 hasConceptScore W2741620915C11111821 @default.
- W2741620915 hasConceptScore W2741620915C124952713 @default.
- W2741620915 hasConceptScore W2741620915C127413603 @default.
- W2741620915 hasConceptScore W2741620915C136264566 @default.
- W2741620915 hasConceptScore W2741620915C141121606 @default.
- W2741620915 hasConceptScore W2741620915C142362112 @default.
- W2741620915 hasConceptScore W2741620915C144024400 @default.
- W2741620915 hasConceptScore W2741620915C144133560 @default.
- W2741620915 hasConceptScore W2741620915C146978453 @default.
- W2741620915 hasConceptScore W2741620915C162324750 @default.
- W2741620915 hasConceptScore W2741620915C17744445 @default.
- W2741620915 hasConceptScore W2741620915C183582576 @default.
- W2741620915 hasConceptScore W2741620915C199539241 @default.
- W2741620915 hasConceptScore W2741620915C207556602 @default.
- W2741620915 hasConceptScore W2741620915C2778083465 @default.
- W2741620915 hasConceptScore W2741620915C2779356469 @default.
- W2741620915 hasConceptScore W2741620915C2780027415 @default.
- W2741620915 hasConceptScore W2741620915C2780343955 @default.
- W2741620915 hasConceptScore W2741620915C34447519 @default.
- W2741620915 hasConceptScore W2741620915C46312422 @default.
- W2741620915 hasConceptScore W2741620915C556758197 @default.
- W2741620915 hasLocation W27416209151 @default.
- W2741620915 hasOpenAccess W2741620915 @default.
- W2741620915 hasPrimaryLocation W27416209151 @default.
- W2741620915 hasRelatedWork W137673136 @default.
- W2741620915 hasRelatedWork W211691287 @default.
- W2741620915 hasRelatedWork W2181099371 @default.
- W2741620915 hasRelatedWork W2246542999 @default.
- W2741620915 hasRelatedWork W227578737 @default.
- W2741620915 hasRelatedWork W2328503803 @default.
- W2741620915 hasRelatedWork W2331481465 @default.
- W2741620915 hasRelatedWork W2802920805 @default.
- W2741620915 hasRelatedWork W286386135 @default.
- W2741620915 hasRelatedWork W2942422741 @default.
- W2741620915 hasRelatedWork W3008688041 @default.
- W2741620915 hasRelatedWork W3018423208 @default.
- W2741620915 hasRelatedWork W3113102923 @default.
- W2741620915 hasRelatedWork W3119032709 @default.
- W2741620915 hasRelatedWork W3148336242 @default.
- W2741620915 hasRelatedWork W349279163 @default.
- W2741620915 hasRelatedWork W855993981 @default.
- W2741620915 hasRelatedWork W175908543 @default.
- W2741620915 hasRelatedWork W2287950588 @default.
- W2741620915 hasRelatedWork W629094185 @default.
- W2741620915 isParatext "false" @default.
- W2741620915 isRetracted "false" @default.
- W2741620915 magId "2741620915" @default.
- W2741620915 workType "article" @default.