When India Killed Off Cash Overnight
Bhaskar Chakravorti, the dean of global business at The Fletcher School at Tufts University, analyzes the economic impact of India\u2019s unprecedented demonetization move in 2016. With no advance warning, India pulled the two largest banknotes from circulation, notes that accounted for 86% of cash transactions in a country where most payments happen in cash. Chakravorti discusses the impact on consumers, businesses, and digital payment providers, and whether Indian policymakers reached their anti-corruption goals. He\u2019s the author of the article \u201cOne Year After India Killed Off Cash, Here\u2019s What Other Countries Should Learn From It.\u201d