The great monetary gamble in India: Modi's Lee Kuan Yew moment?

Sasidaran Gopalan, Ramkishen S. Rajan

Research output: Contribution to journalReview articlepeer-review

1 Citation (Scopus)


India undertook a monetary experiment of gigantic scale on November 8, 2016, that resulted in the withdrawal of the legal-tender character of Rs. 500 and Rs. 1000 currency. We make a preliminary attempt to analyze existing data to understand the various dimensions of the great monetary gamble.

Original languageEnglish
Pages (from-to)833-855
Number of pages23
JournalAsian Survey
Issue number5
Publication statusPublished - Sep 1 2017
Externally publishedYes


  • Black economy
  • Corruption
  • Demonetization
  • Financial inclusion
  • India

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Sociology and Political Science

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