CONTEMPORARY APPROACHES IN THE ANALYSIS OF ECONOMIC PERFORMANCES
THE MAIN CAUSES OF THE GREATEST HYPERINFLATIONS
Ivana Stojanović
Abstract: Hyperinflation represents a very high and rapid inflation that completely destroys the economy of one country. The aim of this paper is to investigate the greatest hyperinflations that have occurred to date in the world and to highlight the key causes that have affected their occurrence and development. This research should contribute to the enrichment of the existing literature and to the current knowledge of hyperinflations, thus increasing the possibilities of early detection of hyperinflations and their prevention. Four greatest hyperinflations will be analyzed (Hungary, Zimbabwe, Yugoslavia, Germany) using statistic data and available literature. Research will confirm that budget deficit is one of the main causes of hyperinflations and that every hyperinflation can be prevented by the timely decisions of economic policy makers.
Keywords: inflation, hyperinflation, main causes of hyperinflations, budget deficit
Published: p. 153-163
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