Date of Submission
Spring 2017
Academic Programs and Concentrations
Economics
Project Advisor 1
L. Randall Wray
Project Advisor 2
Pavlina Tcherneva
Abstract/Artist's Statement
There is ever-growing evidence, and importance of Financial Inclusion in economic growth and development in emerging economies like India. However, there is little-to-no information about the role of institutions engaged in digitized payments in accelerating Financial Inclusion. This paper aims to study the effects of the recent Demonetization ordinance, and its impact on Financial Inclusion in 2016, as well as the impact on recent institutional policy announcements. Additionally, It aims to assess the potential benefits of a digitized payment ecosystem and its institutional framework, in response to orders made by the Government of India and The Reserve Bank of India in order to achieve full financial inclusion in the long-run.
Open Access Agreement
Open Access
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Recommended Citation
Srikrishnan, Satwik, "Demonetization, the Movement to an Electronic Payments System and the inch towards Full Financial Inclusion in the Indian Economy" (2017). Senior Projects Spring 2017. 276.
https://digitalcommons.bard.edu/senproj_s2017/276
This work is protected by a Creative Commons license. Any use not permitted under that license is prohibited.