In order to assess, analyse and lay responsibility for a policy decision, whether the benefits or losses are immediately felt or not, a multi-institutional process is required. It is the basic foundation of the principles of oversight, accountability and transparency that institutional complementarities would provide a more holistic and exact picture of the implementation of policy and the performance of those responsible for it. In the case of demonetisation, to assess and lay responsibility for the policy’s shortcomings requires such an approach.
