Why hasn't some form of emergent promissary note mechanism appeared to create liquidity here? Low trust I guess.
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are people doing it at least in a small scale with people they trust? Handwritten iou's with date and signature or thumbprint?
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in some local ecosystems it has. I'd argue low trust + the complexity of Indian economy. The more complex the economy the wider your...
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or people might be lazy, y bother to give promissory notes for just 2 mnths, for pblms of demonetization would be settled by then..


