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Jeffrey A. Frankel
James W. Harpel Professor of Capital Formation and Growth
phone: (617)496-3834
fax: (617)496-5747
Frankel, Jeffrey A. "Demonetization on Five Continents." Project Syndicate, December 22, 2016.
CAMBRIDGE – Around the world, several countries are currently undergoing “demonetization,” or currency reforms in which the government removes banknotes of a certain denomination from circulation and replaces them with new notes. Governments pursue demonetization for a variety of reasons, and some of the recent initiatives are going better than others. Published on Project Syndicate on 12/22; republished in the Korea Herald on 12/26.




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