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  • A digital device for every Indian

    Published: 9/12/2016
    It is my view that if India wants to replace cash with digital payments, it must be prepared to issue a digital device to every Indian and simply absorb the fiscal cost of doing so. The alternative is ... Read more
    Source: iima.ac.in
  • More on cash alternatives

    Published: 29/11/2016
    In two recent blog posts , I argued that the post-demonetisation problems in India are not due so much to an absence of cash, but an environment that is implicitly or explicitly discouraging the emerg ... Read more
    Source: iima.ac.in
  • Cash and credit redux

    Published: 18/11/2016
    I have received a lot of push back against my blog post about cash being less important than credit. I would also freely admit that the evidence on the ground during this week does not suggest a smoot ... Read more
    Source: iima.ac.in