by London School of Economics, Centre for Economic Performance in London .
Written in English
|Series||Economic performance discussion paper series / London School of Economics, Centre for Economic Performance -- no.213, Economic performance discussion paper (London School of Economics, Centre for Economic Performance) -- no.213.|
The Yugoslav Hyperinflation and Stabilization of The process of hyperinflationary acceleration in Serbia-Montenegro in is found to lie in a massive Tanzi effect and collapse in real money balances. The Yugoslav Hyperinflation of Causes, Dynamics, and Money Supply Process "Extreme Inflation: Dynamics and Stabilization," Brookings Papers on Economic "Money Demand and Exchange Rate Determination under Hyperinflation: Conceptual Issues and Evidence from Yugoslavia," Journal of Money, Credit and Banking. The Yugoslav hyperinﬂation of – was historically unique and sig- niﬁcant due to its extreme peak and duration. At its peak, in January , the monthly inﬂation rate reached million percent, thus becoming the second. TAIL INDEX STABILITY AND THE YUGOSLAV HYPERINFLATION EPISODE. Zorica MLADENOVIC (University of Belgrade) The purpose of this paper is to analyze the volatility dynamics of the daily black market exchange rate during the Yugoslav hyperinflation episode. It is one of the recent hyperinflations that was recorded during the period: -
As we have already mentioned, the Federal Republic of Yugoslavia in saw hyperinflation which ranks third in world econ omic hi story, both in terms of duration of Finally, this book underscores the importance of policy making, institutional building and international relations in the process of hyperinflation and stabilization. Scholars and students studying money and finance, economic history, international finance and economics will be attracted by this book. Top 5 Hyperinflations of All Time The stabilization effort occurred while the war was still going on, a civil war broke out and there was The causes of Yugoslavia's hyperinflation stem from conflict in the region, local economic crises and governmental mismanagement. The Yugoslav hyperinflation: Background and some facts Much as the classical hyperinflations in the s, Yugoslav hyperinflation was driven by monetization of the large fiscal deficit. The origins of the fiscal deficit are deeply rooted in the disintegration of the former Yugoslavia, which started in (Bogetid et al., ).
Abstract. Inflation is not a new phenomenon in Yugoslavia. In – the average inflation rate (measured by rise in retail prices) amounted to percent. 1 In the 70ties, this index grew up to percent and was higher than in the majority of the European countries. The last decade brought a clear acceleration of inflationary processes in Yugoslavia (figure 1). This study deals with the topic of Yugoslav Hyperinflation of Contrary to many works dealing with the most recent episodes of hyperinflation in the Latin American countries there is no work explaining the causes and dynamics of the Yugoslav hyperinflation. With declining output decreasing tax revenues, the government’s fiscal deficit worsened, increasing from 3% of GDP in to 28% in In order to cover this deficit, the government turned. Between and , Yugoslavia experienced the third-longest period of hyperinflation in world economic history. This period spanned 22 months, from March to January Inflation peaked at a monthly rate of million percent in January Daily inflation was 62%, with an inflation rate of % in 1 hour being higher than the annual inflation rate of many developed countries.