Digital payments and consumption: Evidence from the 2016 demonetization in India

Digital payments and consumption: Evidence from the 2016 demonetization in India

We study how consumer spending responds to digital payments, using the differential switch to digital payments across consumers induced by the sudden 2016 Indian Demonetization for identification. Usage of digital payments rose by 3.38 percentage points and monthly spending increased by 3% for an ad...

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Bibliographic Details
Main Authors: AGARWAL, Sumit, GHOSH, Pulak, LI, Jing, RUAN, Tianyue
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2024
Subjects:
digital payments
financial technology
consumption
India
demonetization
Asian Studies
Finance
Online Access:https://ink.library.smu.edu.sg/soe_research/2590
https://ink.library.smu.edu.sg/context/soe_research/article/3589/viewcontent/SSRN_id3641508.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2590
https://ink.library.smu.edu.sg/context/soe_research/article/3589/viewcontent/SSRN_id3641508.pdf

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