In economics, hyperinflation is very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies, in recent history often the US dollar.
From Wikipedia, the free encyclopedia Piles of new Notgeld banknotes awaiting distribution at the Reichsbank, during the hyperinflation. Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923.
Hyperinflation in Zimbabwe was a period of currency instability in Zimbabwe that, using Cagan's definition of hyperinflation, began in February 2007. During the height of inflation from 2008 to 2009, it was difficult to measure Zimbabwe's hyperinflation because the government of Zimbabwe stopped filing official inflation statistics.
Economic collapse is any of a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s).
May 28, 2020 · Good old Wikipedia: Hyperinflation is often associated with some stress to the government budget, such as wars or their aftermath, sociopolitical upheavals, a collapse in aggregate supply or one in...
- Clem Chambers
The National Bank of Yugoslavia issued 33 banknotes during the stated hyperinflation period, of which 24 were issued in 1993. Yugoslav hyperinflation lasted for 24 months, which is longer than the German crisis) after World War II, which lasted 16 months, the Greek crisis, which lasted 13 months, and the Hungarian crisis, which lasted 12 months.
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The hyperinflation in the Weimar Republic of Germany is a notable example. Currently, the hyperinflation in Venezuela is the highest in the world, with an annual inflation rate of 833,997% as of October 2018. However, since the 1980s, inflation has been held low and stable in countries with strong independent central banks.
From Wikipedia, the free encyclopedia Hyperinflation in Brazil was a fourteen-year period of three-to-four-digit annual inflation rates from 1980 until 1994.
From Wikipedia, the free encyclopedia Hyperinflation in Venezuela is the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. Venezuela began experiencing continuous and uninterrupted inflation in 1983, with double-digit annual inflation rates.
- November 2016–ongoing
- Government policies, price controls, corruption, currency devaluations, heavy money-printing, and deficit government spending
- Continuous wage increases, unemployment, rising prices in goods, redenomination of the Venezuelan bolívar, decrease of tax revenues and shortages of foreign currency reserves and goods
Hyperinflation i Argentina 500 miljoner mark-sedel från Danzig 1923 Hyperinflation innebär en extremt hög inflation. Det finns ingen allmänt accepterad definition av begreppet, men en tumregel är minst 50 % inflation per månad.