Anup Malani, the Lee and Brena Freeman Professor at the University of Chicago Law School and Faculty Director of UChicago’s International Innovation Corps and the Tata Centre for Development, discusses the decision by the Indian government to end the use of current 500- and 1,000-rupee notes, including a Dec. 30, 2016 deadline to exchange the bills. He also outlines plans by the Tata Centre to study the effects of demonetization through large-scale research projects already underway in India.