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Demonetisation: Shifting Gears From Physical Cash To Digital Cash

Author

Listed:
  • Shweta Mehta
  • Kruti Patel
  • Krupa Mehta

Abstract

Demonetization means to the suspension of current currency units and reinstate those currency units with new currency units. In this paper researchers aim to study the advantages and disadvantages of demonetization and its impact on Indian banking sector. Despite major developments in paperless currency over the past decade, physical cash remains widely used throughout the world. Therefore one of the main motivating factors for this study is to find out the alternatives of physical cash payments such as online bank transfer, e- clearing, e- KYC, digital locker and Unified Payment Interface. Key words: money, demonetisation, cash, cash crunch, cashless, e-money Policy

Suggested Citation

  • Shweta Mehta & Kruti Patel & Krupa Mehta, 2016. "Demonetisation: Shifting Gears From Physical Cash To Digital Cash," Working papers 2016-12-14, Voice of Research.
    • Handle: RePEc:vor:issues:2016-12-14
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    Cited by:

    1. Abhipsa Pal & Rahul De’ & Tejaswini Herath, 2020. "The Role of Mobile Payment Technology in Sustainable and Human-Centric Development: Evidence from the Post-Demonetization Period in India," Information Systems Frontiers, Springer, vol. 22(3), pages 607-631, June.

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    Keywords

    money; demonetisation; cash; cash crunch; cashless; e-money policy;
    All these keywords.

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