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| Antonio Moreno | Donald Ngwe
The Effect of Payment Choices on Online Retail: Evidence from the 2016 Indian Demonetization. Antonio Moreno, Donald Ngwe, April 5, 2019, Paper, "The Indian banknote demonetization in 2016 was one of the most significant international events of that year. Overnight, 86 percent of Indian currency in circulation was declared invalid unless exchanged for new bills. The sudden and unexpected demonetization constituted a large shock to the entire…