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 ?
Adjusted net profit (excluding impact of hyperinflation of Dh15.
The Ministry of Finance, National Bank, Ministry of Economy should think on how to prevent hyperinflation and to protect the market, the expert added.
In 2008, Zimbabwe faced 231 million percent peak hyperinflation.
The transition rules are intended to mitigate the impact of hyperinflation on a taxpayer's U.
In a statement issued here, Maulana Fazlur Rahman said that the people groaning under the pressure of hyperinflation, load shedding and poverty have great expectations from the ML-N and now they have to deliver what people expect from them.
The ultimate impact of hyperinflation was that it took 100,000,000,000 pre-1983 pesos to equal one 1992 peso.
During World War I, the Germany Money supply quadrupled; it then took just five years before hyperinflation set in.
Since the hurdle rate to qualify for hyperinflation is 50% per month, Iran registered what appears to be the start of the world's 58th hyperinflation episode.
Hyperinflation in the artificially ventilated intensive care unit (ICU) patient aims to increase lung oxygenation, reverse lung collapse and clear lung secretions, and has been routinely used by physiotherapists since the early 1970s (1).
Steroids might make us temporarily feel better, but then we could be setting ourselves up for hyperinflation, possibly an eventual even bigger crash, as debt levels become even more unsustainable.
Hyperinflation of the lungs is a technique commonly employed by physiotherapists to treat atelectasis and secretion retention in the intensive care setting.
In the final years of its economic ruin, Zimbabwe entered into a state of hyperinflation, which culminated in a de facto dollarization of the Zimbabwean economy, made official in early 2009 by the Minister of Finance.