financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2026-30-5-49-63finance-4707Research ArticleДЕНЕЖНО-КРЕДИТНАЯ ПОЛИТИКАMONETARY & CREDIT POLICYДемонетизация: эмпирическое исследование факторов, влияющих на успех демонетизацииDemonetisation: An Empirical Study Determining the Factors Affecting a Demonetisation Successhttps://orcid.org/0000-0001-5646-6481ХакасеС.KhakaseS.

Сандип Хакасе —  PhD, директор

Нави Мумбаи

Sandeep Khakase —  PhD, Director

Navi Mumbai

khakase@gmail.comLion Pillar Consulting & Marketing Pvt LtdИндияLion Pillar Consulting & Marketing Pvt LtdIndia2026151020263054963Copyright © Хакасе С., 20262026Хакасе С.Khakase S.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/4707

Демонетизация —  это изъятие из обращения национальной валюты. Этот метод используется во всем мире для контроля инфляции, ограничения ликвидности и борьбы с накоплением средств. На успех или провал демонетизации влияют различные экономические и финансовые факторы. Среди них —  деноминация валюты, соотношение демонетизируемой валюты к текущей валюте в обращении и соотношение к ВВП на душу населения. Цель исследования —  определить ключевые факторы, влияющие на демонетизацию. Анализ основан на примере Индии 2016 г. и дополнен обзором литературы. Изучены десять факторов, влияющих на процесс, и установлена их взаимосвязь с успешностью демонетизации с помощью статистического анализа методом порядковой логистической регрессии на языке Python. Выявлены экономические показатели, которые могут помочь странам проводить демонетизацию без общественного хаоса. Также выведено уравнение для оценки успешности демонетизации. В статье рекомендуется тщательно готовиться к этому процессу, грамотно планировать и проводить его.

Demonetization is the withdrawal of a national currency from circulation. This method is used worldwide to control inflation, limit liquidity, and combat the accumulation of funds. Various economic and financial factors influence the success or failure of demonetization. These include currency denomination, the ratio of the demonetized currency to the current currency in circulation, and the ratio to GDP per capita. The aim of the study is to identify the key factors affecting demonetization. The analysis is based on the example of India in 2016 and is supplemented by a literature review. Twelve factors influencing the process have been studied, and their relationship with success of demonetization has been established using statistical analysis with the ordinal logistic regression method in Python. Economic indicators have been identified that can help countries carry out demonetization without causing social chaos. An equation for assessing the success of demonetization has also been derived. The article recommends careful preparation for this process, competent planning, and competent execution.

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The authors declare that there are no conflicts of interest present.