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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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2024
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| Subjects: | |
| 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 |