The writer is professor of economics, Royal Bank research professor and Johal Chair, University of British Columbia, Canada
Far from curbing black money and corruption, demonetisation has disrupted the economy.
Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation.
Photos of the Tianjin Binhai Library's floor-to-ceiling book shelves generated a huge buzz on social media. Unfortunately, though, it seems the photos were all an illusion as the top shelves don't - and can't - have actual books on them.