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 ?
Thus, to transition into DASTM, first the QBU must translate its hyperinflationary currency profit-and-loss statement (P&L), balance sheet, and E&P into U.
Among episodes of hyperinflation, the Chinese hyperinflation was the most explosive hyperinflationary experience over a prolonged three-year period in recorded human history.
In Peru during its hyperinflationary period, the value of money sank so low in some instances that a loaf of bread cost a full week's wages.
How might such hyperinflationary paths be generated in the laboratory?
Sanchez de Lozada was planning minister in the 1985-1989 government of Paz Estenssoro and the architect of the economic reforms which put Bolivia on the road to recovery after the hyperinflationary chaos left by the previous administration.
Countertrade has proven to be a viable method for conducting business in markets with nonconvertible "soft" currencies, in many third world countries, and in hyperinflationary economies, such as in South America.
Then a look at your auto-insurance premiums makes you think you're back in the hyperinflationary 1970s.
As a long-term research program, Feldman suggests several specific topics that might enhance understanding of the hyperinflationary process and assist in the development of appropriate responses.
1, 2010, Venezuela has been designated hyperinflationary and, as a result, local foreign operations are remeasured in U.
The 2007 regulations adopt the rule in the 1988 temporary regulations in providing that tax pools in foreign subsidiaries cannot be adjusted, but amended returns must be filed if a foreign subsidiary's tax liability is denominated in a hyperinflationary currency.
O'Brien proposes a package of reforms to rein in the hyperinflationary cost of health benefits for employees and retirees.
General price level-adjusted reporting in a hyperinflationary environment;