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India's Demonetization: Purging Black Money?

Tulsi Jayakumar;

商品編號:9B17M179
出版日期:2017/11/29
再版日期:2017/11/28
商品來源:Ivey
商品主題:General Management/Strategy; International Business
商品類型:Case (Pub Mat)
涵蓋議題:unconventional monetary policy;IS-LM framework;growth;black money
難易度:5 - MBA/Postgraduate
內容長度:17 頁
地域:India
產業:
事件年度:2016

On November 8, 2016, the Indian prime minister announced that in an effort to counter corruption, black money, and counterfeiting, high-value currency notes of ?500 and ?1,000 denominations would be withdrawn from circulation. The currency to be removed in the demonetization exercise was worth ?15.4 trillion, or 86.9 per cent of the total value of currency in circulation. The old currency would be replaced with new ?500 and ?2,000 notes, but the transition would limit cash liquidity for 50 days in the Indian economy, which was heavily dependent on cash to facilitate both consumption and production. How would this process affect India, which had been identified as the world’s fastest-growing economy? Would demonetization have the desired effect of purging the economy of black money and moving India toward a cashless economy with increased growth? Or would it simply bring India’s remarkable growth story to a grinding halt and discourage investments?

教學手冊:8B17M179;
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