The forking of the Indian rupee joni Juni 08, 2017 Add Comment demonetization, ECB, Reserve Bank of India Edit This post is about the dismantling of the rupee-zone between 1947-49, an historical event that is especially topical in light of two modern ... Read More
Demonetization by serial number joni Februari 21, 2017 Add Comment demonetization, Greg Mankiw, Ken Rogoff, Reserve Bank of India, Silvio Gesell, zero lower bound Edit This continues a series of posts ( 1 , 2 , 3 ) I've been writing that tries to improve on Indian PM Narendra Modi's clumsy demonetiz... Read More
Italian exit and the problem of lira shortages joni Januari 30, 2017 Add Comment Bank of Italy, demonetization, dollarization/euroization, Gresham's Law, Reserve Bank of India Edit The topic of euro breakup has slowly been trickling back in the news, especially with the potential for Italy leaving the currency union, a... Read More
The shrinking rupee joni Januari 16, 2017 Add Comment cash, demonetization, Reserve Bank of India, SNB Edit Earlier this month I criticized the architects of India's recent note demonetization for not using the traditional overstamping techniq... Read More
Modi and the overstamping of demonetized currency joni Januari 06, 2017 Add Comment cash, demonetization, Reserve Bank of India Edit 1913 Austro-Hungarian banknote with 1919 Czechoslovak overstamp When Indian PM Narendra Modi and his small group of would-be monetary archit... Read More
Modi's demonetization: chaos is a feature, not a bug joni November 13, 2016 Add Comment Bangko Sentral ng Pilipinas, cash, demonetization, Reserve Bank of India Edit Prime Minister Narendra Modi's aggressive demonetization of the 500 and 1000 rupee note is causing plenty of chaos in India. A general ... Read More
Aggressive demonetizations joni November 08, 2016 Add Comment cash, demonetization, Ken Rogoff, legal tender, Reserve Bank of India, Riksbank, seigniorage Edit Prime Minister Narendra Modi surprised Indians today by announcing that India's highest denomination notes, the 500 and 1000 rupee, wil... Read More