Demonetisation 2016: Impact on money supply…some initial trends..
The data for Nov. 11 2016 shows that M3 declined by Rs 38320 Crore in the fortnight. Components: Currency declines by Rs 1.75 lakh crore. This is swapped by rise in Time Deposits (Rs 1.06 lakh...
View ArticleDigging through India’s Demonetisation History Part -III: Why were high...
This blog had earlier pointed to insights from the two historical episodes of India’s demonetisation in 1946 and 1978. There was another post on how Pakistan demonetised the Indian Rupees in its...
View ArticleSaving the world from econocracy…
Three students Joe Earle, Cahal Moran and Zach Ward-Perkins have written this book – The Econocracy. They say we need to save the world from too much of economic advice and frameworks. Mark Buchanan of...
View ArticleDemonetisation: 1978, the Present and the Aftermath
This is the title of a new EPW paper by J Dennis Rajakumar S L Shetty of EPW Research Foundation, Mumbai. Sudden demonetisation of ₹500 and ₹1,0000 notes, an elimination of existing money stock that...
View ArticleEstimation of the size of the Black Economy in India, 1996-2012
As we confuse terms like Black money,Black income, Black wealth and so on, time to read some experts. Prof Arun Kumar of JNU has a paper looking at size of black economy in 1996-2012: This article...
View ArticleDemonetisation 2016: Meet Bengaluru’s Bunty aur Babli
This is one of the most interesting stories that have emerged from Demonetisation 2016. How a couple planned a heist and almost pulled it off. It has great similarities to the Bollywood movie Bunty aur...
View ArticleThe Swiss private bankers should be a model for bankers everywhere (and the...
Mention Swiss banking and we either have the image of them as hiding wealth of uber rich across the world or the UBses of the world. But the region also has a much lower profile and glamorous set of...
View ArticleIndia’s Demonetisation: Seigniorage and Cantillon Effects
Larry White and Shruti Rajagopalan have a superb piece highlighting the Cantillon effects of demonetisation. The Cantillon effects are named after 18th Century economist Richard Cantillon. But then who...
View ArticleNon-Brahmin priests for Karnataks’s state-run temples..
This is a week old news which got lost in the demonetisation tide. The secret world of temples and their caretakers are just a fascinating social history. Non-Brahmins may also become priests...
View ArticleTypewriters, Writing a Social History of Urban India
Here is an excerpt from With Great Truth and Regards, a forthcoming book on the social history of the typewriter. It is edited by Sidharth Bhatia and published by Godrej. A history of typewriters is...
View Article