Christophe Jalil Nordman

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People queuing to withdraw cash at an ATM. Demonetisation in India has not met its target and actually reinforced informal networks. Santosh Kumar

The shock of Indian demonetisation: a failed attempt to formalise the economy

Christophe Jalil Nordman, Institut de recherche pour le développement (IRD) and Isabelle Guérin, Institut de recherche pour le développement (IRD)

Instead of a clear movement toward more formalised economic transactions, demonetisation in India has reinforced the informal economy.

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