Acceptability of Cashless Economy after Demonetization in India

Understanding cashless payments in India

Background: This paper analyzes India’s gradual transition towards a cashless economy. Methods: We present a theoretical model that evaluates decisions by consumers and sellers to adopt cashless payments. We then use data from surveys conducted in 2011 and 2014 (from World Bank’s Global Findex), as well as household and enterprise surveys conducted in 2009–2010 to estimate the amount of cashles...

Noncash payment methods in a cashless economy

Several non-cash record-keeping systems are formulated in a randommatching model. The crucial informational friction is that a seller’s endowment, which may be a random variable, and the transfer of goods to a buyer can only be observed by the traders in a pairwise meeting. With this friction monitoring of the payment is distinguished from monitoring of the complete transaction. For each implem...

political economy of china in central asia

this research is about the political economy of china in central asia. in this research the political & economic interactions affected on chinas political economy in central asia are examined. chinas goal of presence in central asia including political-security, economic and energy goals is described in one part. in another part, the trade relations between china and central asian countries ar...

The Impact of Knowledge-Based Trust (Kbt) on The Adoption and Acceptability of Cashless Economy in Nigeria

The introduction of cashless policy in Nigeria had gained a number of reactions over the adoption of cashless economy (or cashless banking). The implication of this is that not many people have the understanding of the benefits the cashless system would accrue to entire Nigerian populace. Although, many have argued that the technological infrastructures available for the implementation of the c...

The “Modi Effect”: Investigating the Effect of Demonetization on Currency Demand and the Size of the Underground Economy in India