hyperinflation

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Hyperinflation

Hyperinflation

A very high rate of inflation, especially sustained over a long period of time. While there is no set numeric definition, it is associated with inflation percentages in the millions and billions. Hyperinflation is almost always caused by poor monetary policy on the part of the government. For example, a government that rapidly increases the money supply without a corresponding growth in GDP often undergoes hyperinflation. This situation often leads to (though it may also be caused by) wider economic instability, and may lead to a lack of confidence in the government. As a result, hyperinflation that persists for a long time may lead to the government issuing a new currency entirely.

hyperinflation

A very high level of inflation that tends to result in the breakdown of the monetary system, the hoarding of goods, and difficulty in achieving real economic growth. The classic case of hyperinflation occurred in Germany during the 1920s. Hyperinflation, which tends to motivate people to own real goods, adversely affects security prices.

hyperinflation

a very high level of INFLATION.

hyperinflation

a situation of high and accelerating rates of INFLATION. Unlike CREEPING INFLATION, which usually has little ill-effect on the functioning of the economy, hyperinflation reflects a situation where people begin to lose confidence in the value of MONEY and revert to BARTER. At this point there is a serious danger of economic collapse, accompanied by growing social disorder. Hyperinflation is a rare phenomenon, but when it does occur its causes are as much political as economic: for example, the excessive printing of money to finance government spending (during wars, in particular) or an acute shortage of goods and services combined with a large pent-up demand, as in periods immediately following the ending of a war.
References in periodicals archive ?
During escape jets, the mean circumferential strain measured during hyper-inflation was +0.
They point to hyper-inflation in the former Yugoslavia from 1992 to 1994 and Zimbabwe in 2007 and 2008.
Needless to say, with the actors in town, the price rocketed to a sum not seen since the days of Germany's hyper-inflation.
If you take Dubai as an example, where there is a huge demand and a fight for resources, you get hyper-inflation.
Nobody can deny that inflation and possibly hyper-inflation will take place in 2012, and the only thing that can protect an individual's net worth from such inflation is gold.
In conclusion, he referred to the question of whether the German government will agree to the European Central Bank''s becoming the lender of last resort for the Eurozone, and suggested that that might lead to hyper-inflation of the kind Germany suffered in the 1920s, and which helped lead to the rise of the Nazis and to the Second World War.
However, stockbrokers are not routinely jumping out of windows and we are mercifully free of hyper-inflation - you do not have to push a wheelbarrow of cash to the shops each time you want to buy a loaf of bread.
The re-emer- gence of an all important mid- dle-class after its annihilation at the hands of sanctions-in- duced hyper-inflation in the 1990s will provide the primary agent for consumer spending.
This ignores the two most salient facts about deflation, facts which have always made it more feared than anything save hyper-inflation.
Zimbabwe's mining industry, one of the biggest sub-sectors of the economy, is recovering from ten years of an economic meltdown, characterised by hyper-inflation and shortages of inputs and electricity.
Mugabe has been in power for 31 years, presiding over a country which descended into economic chaos and hyper-inflation, and widespread intimidation, brutality and killings after the presidential election of 2008.
All societies experiencing hyper-inflation were/are unsuccessful strategic societies.