Demonetization is a monetary step in which a particular series of banknotes render invalid either by the government or by issuing authority of the nation to eliminate the undeclared income. It is a process in which certain units of currency notes will not be remains as legal tender. On November...

The demonetization of high value currency Rs. 500 and RS. 1000 was a bold and emphasizing step of Indian Government and RBI on 8th November, 2016. Demonetization is the act of stripping a currency unit of its status as legal tender. The current form of money is pulled from circulation and...

In 2016, the Indian government demonetized the 500 and 1,000 notes, the two highest denomination currencies in the system. This was a rare event that affected the entire Indian economy. The present study aims to find out the impact of the demonetization on the stock market by applying the event...

1. Introduction -- 2. The purported logic of demonetisation -- 3. Design and implementation of demonetisation -- 4. Initial outcomes -- 5. Macroeconomic consequences -- 6. Inventing a new Utopia -- 7. Conclusion.

India, the fastest growing economy in the world, the largest democracy in the world and the second most populous country in the globe had to once face an arduous and complicated situation. Demonetisation is defined as the withdrawal of a coin, note or currency from being of legal tender. The...