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Early Lessons from India’s Demonetization Experiment

Harvard Business Review

The original reason given for the drastic demonetization action was to expose the so-called “black” market, fueled by money that is illegally gained and undeclared for tax purposes. The remaining was invested in business, stocks, real estate, jewelry, or “benami” assets, which are bought in someone else’s name.

Banking 10
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Behind China's Roaring Solar Industry

Harvard Business Review

Wednesday, Bloomberg reported that Chinese solar stocks had soared based on market expectations that demand in China for alternative energy will increase given the Chinese government's increasing solar capacity targets. According to Barron's and others, China has already begun implementing its ambitious plan to increase installations.

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India’s Botched War on Cash

Harvard Business Review

In the meantime, retail and wholesale markets have stalled around the country. Supply chain transactions, real estate deals, and even weddings and funerals have been frozen. The disruptive action did not originate in a small segment of the market; it was launched nationwide. India uses a lot of cash by any measure.

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Building a Better Bitcoin

Harvard Business Review

The only way you can avoid losing money on your investment is for a greater fool to come along — in the case of real estate, a greater fool backed by an even-greater-fool lender — and take the asset off your hands. Since then the focus has moved on to inflation or, recently, nominal-GDP targeting.

Price 9
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Why We Build Fiscal Cliffs

Harvard Business Review

The then-sainted Alan Greenspan had given them ample cover, by expressing concerns that surpluses might eventually kill the bond market. So now, in 2013, they're all due to expire. real estate market showing signs of recovery, this is probably a better time to talk fiscal restraint than two years ago.