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Bloomberg.com and of course on the the Quine in London I'm Tom Keen in New York and listening now we know are so much of Asia and particularly the people of India.

Kenneth Rogoff of Harvard University wrote a little book a year or so ago about cash, about corruption, about the

underworld, about suitcases of cash going to no good. It is my book of the

year. It is without question the most controversial book of economics in decades

Professor Rogoff joins us now on India. Let's first start with what Mr

Modi is trying to do. What was his change in policy for India?

Well, on the same day that we were electing President Trump, the Prime Minister went on the

air and said the two largest notes in India, the 500,,000 rupee note four hours from now will be no longer

youthful boom and you have 50 days to turn it in for other cash.

That is radically different than the policy I propose which is doing

it over say five to seven years trying to avoid collateral damage.

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