As bubbles and bursts become a recurrent feature of the existing monetary system, the demand for an alternative gain traction. John F Nash proposes the concept of ‘ideal money’ to ensure stability in the currency market. Read the blog piece, […]
The demonetisation of currency[1] after a long period of 38 years was a welcome and bold step taken by the Government of India on November 8, 2016. The last demonetisation was implemented in 1978[2] by withdrawing Rs 1000, Rs 5000, […]
The decision to phase out higher denomination currency notes in India is hailed by many as a bold move by the current Central Government. However, this moment should be considered as an opportunity to re-examine the inherent problems plaguing the […]
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