Home > Terms > Armenian (HY) > հիպեր ինֆլյացիա
հիպեր ինֆլյացիա
Very, very bad. Although people debate when, precisely, very rapid inflation turns into ¬hyper-inflation (a 100% or more increase in prices a year, perhaps?) nobody questions that it wreaks huge economic damage. After the first world war, German prices at one point were rising at a rate of 23,000% a year before the country’s economic system collapsed, creating a political opportunity grasped by the Nazis. In former Yugoslavia in 1993, prices rose by around 20% a day. Typically, hyper-inflation quickly leads to a complete loss of confidence in a country’s currency, and causes people to search for other forms of money that are a better store of value. These may include physical assets, gold and foreign currency. Hyper-inflation might be easier to live with if it was stable, as people could plan on the basis that prices would rise at a fast but predictable rate. However, there are no examples of stable hyper-inflation, precisely because it occurs only when there is a crisis of confidence across the economy, with all the behavioral unpredictability this implies.
- Ordklass: noun
- Synonymer:
- Blossary:
- Bransch/domän: Economy
- Category: Economics
- Company: The Economist
- Produkt:
- Akronym-förkortning:
Andra språk:
Vad vill du säga?
Terms in the News
Featured Terms
ձեռքերը կանթած
Դիրք, երբ ձեռքերը կոնքամասում են և արմունկներն էլ դուրս են հակված:
Bidragsgivare
Featured blossaries
Daniel
0
Terms
7
Ordlistor
0
Followers
Glossary for Principles of Macroeconomics/Microeconomics
Timmwilson
0
Terms
22
Ordlistor
6
Followers
Individual Retirement Account (IRA)
Browers Terms By Category
- Film titles(41)
- Film studies(26)
- Filmmaking(17)
- Film types(13)
Cinema(97) Terms
- Action toys(4)
- Skill toys(3)
- Animals & stuffed toys(2)
- Educational toys(1)
- Baby toys(1)
Toys and games(11) Terms
- Cosmetics(80)
Cosmetics & skin care(80) Terms
- Hand tools(59)
- Garden tools(45)
- General tools(10)
- Construction tools(2)
- Paint brush(1)
Tools(117) Terms
- General astrology(655)
- Zodiac(168)
- Natal astrology(27)