Shreekanth Mahendiran is a Research Advisor at Center for Budget Policy Studies, Bangalore.

Shreekanth Mahendiran

Shreekanth Mahendiran is a Research Advisor at Center for Budget Policy Studies, Bangalore.

(Dis)Connecting People? 2016 Indian Demonetisation and Mobile Phone Markets

Could a macroeconomic policy shock like the 2016 Indian demonetisation have microeconomic implications for firms? The authors investigate this question in the context of the Indian mobile phone industry. They find that in the post-demonetisation period, Chinese smartphone manufacturers gained unintended advantages in the market relative to Indian and global firms. On November 8, 2016, the Indian government announced that currency …

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