Op-Ed: War on black money: Demonetisation is a courageous reform that will bring substantive benefits

Thu, 2016-12-15

A new Op-Ed by Raj Center Director Jagdish Bhagwati, Raj Center Deputy DIrectory Pravin Krishna, and Columbia University's Suresh Sundaresan note that the government's declaration that the high-denomination 500 and 1000 rupee notes would be invalid as legal tender is a courageous and substantive economic reform that, despite the significant transition costs, has the potential to generate large future benefits.

Click here to read the full Op-Ed.

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