Brazilian Inflation and the Plano Real

  title={Brazilian Inflation and the Plano Real},
  author={Jeffrey D. Sachs and {\'A}lvaro Ant{\^o}nio Zini},
India took a demonetisation step in November 2016 by banning 500 and 1000 rupee notes as legal tender benefiting banks but hurting the poor and the under banked. The shadow economy was badly affected and even measured GDP growth rate slumped, but demonetisation proponents argued that the dip will reverse and the growth rate will reach 7.7% in 2019. A cashless economy would accelerate economic activities, curb corruption and protect consumers from fraud, frequent physical transactions and it has… CONTINUE READING