A Macro-Micro effect of Demonetization an Indian experience

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Paper Details

Paper Title

A Macro-Micro effect of Demonetization an Indian experience

Authors

Dr.A.Karthigeyan, Dr.Anandhi, Mr.Mani Ramasamy

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Abstract

The demonetization is the process by which particular denominations of legal tenders has been withdrawn from the circulation. This has been exercised by the respective Governments to reduce black money accumulations, terror funding and counterfeit currency circulations in the country. In Indian scenario the demonetization created multiple effects to the country’s economy. The effects including curbing black money, terror funding and counterfeit currency circulation in one side and also opened up large space for digital mode of banking. This paper aimed to analyze the Macro-Micro effect of demonetization by evaluating the black money, terror funding and counterfeit currency and digital banking.

Keywords- Anti-money Laundering (AML), Digital Banking, Demonetization.

Publication Details

Unique Identification Number - IJEDR1904047
Page Number(s) - 270-275
Pubished in - Volume 7 | Issue 4 | October 2019
DOI (Digital Object Identifier) -
Publisher - IJEDR (ISSN - 2321-9939)

Cite this Article

Dr.A.Karthigeyan, Dr.Anandhi, Mr.Mani Ramasamy, "A Macro-Micro effect of Demonetization an Indian experience", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.7, Issue 4, pp.270-275, October 2019, Available at :http://www.ijedr.org/papers/IJEDR1904047.pdf

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