Demonetization needs a Devil’s Advocate

Abstract

Demonetization should be assessed through a prism of interconnected financial policies, affirmative action, and possible macroeconomic implications to make a stronger judgment call. Also, the analysis of the measure should be done vis-à-vis the objectives it set out to attain – eradicating black money, finding tax defaulters, counterfeit currency and providing ancillary stimulus to the nation’s economy.