@techreport{fdi:010071761,
  title = {{D}emonetisation, social networks and social protection : insights from rural {T}amil {N}adu},
  author = {{G}u{\'e}rin, {I}sabelle and {L}anos, {Y}. and {M}ichiels, {S}. and {N}ordman, {C}hristophe and {V}enkatasubramanian, {G}.},
  editor = {},
  language = {{ENG}},
  abstract = {{T}he demonetisation that took place in {I}ndia in {N}ovember 2016 caused an unprecedented shock. {A}mong its other objectives, the measure was championed as an efficient means to promote a less-cash economy, in order to formalise economic transactions and boost social protection. {T}his paper draws on ground-breaking data from rural {S}outh {I}ndia to voice serious reservations over those stated goals. {I}n the short run, the importance of cash in the {I}ndian economy resulted in this measure strongly affecting employment, daily financial practices, and social network use for over three months. {P}eople came to rely more strongly on their networks to sustain their economic and social activities. {D}emonetisation has not fought, but has largely strengthened the informal economy. {I}t has also probably further marginalised those without supportive networks. {I}n a context such as {I}ndia, where state social protection is weak and governmental schemes are notoriously subject to patronage and clientelistic networks, dense networks of supportive relatives, friends and patrons remain key for safeguarding daily life and the future. {I}t can only be counterproductive to eliminate such arrangements without offering alternative protection. {W}ith cashless policies flourishing in various parts of the world, we believe our findings have major implications, seriously questioning their merit, especially among the most marginalised segments of the population.},
  keywords = {{INDE} ; {TAMIL} {NADU}},
  address = {{P}aris},
  publisher = {{DIAL}},
  series = {{D}ocument de {T}ravail - {DIAL}},
  pages = {18  multigr.},
  year = {2017},
  URL = {https://www.documentation.ird.fr/hor/fdi:010071761},
}