This note provides a brief overview of India's demonetization off currency notes in November 2016. Written shortly after the announcement, the note uses the quantity theory of money as a basic framework to analyze the effects on GDP under various scenarios. Further, using anecdotal evidence, it...

This book presents research that applies contemporary monetary theory and state-of-the-art econometric methods to the analysis of the monetary and financial aspects of the Indian economy and the impact of monetary policy on economic performance. Indian monetary policy has attracted significant...