IDEAS home Printed from https://ideas.repec.org/a/fip/feddgm/00008.html
   My bibliography  Save this article

Hyperinflation in Zimbabwe

Author

Listed:
  • Janet Koech

Abstract

One hundred trillion dollars?that?s100,000,000,000,000?is the largest denomination of currency ever issued.1 The Zimbabwean government issued the Z$100 trillion bill in early 2009, among the last in a series of ever higher denominations distributed as inflation eroded purchasing power. When Zimbabwe attained independence in 1980, Z$2, Z$5, Z$10 and Z$20 denominations circulated, replaced three decades later by bills in the thousands and ultimately in the millions and trillions as the government sought to prop up a weakening economy amid spiraling inflation.

Suggested Citation

  • Janet Koech, 2011. "Hyperinflation in Zimbabwe," Annual Report, Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas, pages 2-12.
    • Handle: RePEc:fip:feddgm:00008
    as

    Download full text from publisher

    File URL: https://fraser.stlouisfed.org/title/6346/item/606582
    File Function: Full Text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Vegh, Carlos, 1991. "Stopping High Inflation: An Analytical Overview," MPRA Paper 20175, University Library of Munich, Germany.
    2. Peter Bernholz, 2003. "Monetary Regimes and Inflation," Books, Edward Elgar Publishing, number 2873.
    3. Mr. Carlos A. Végh Gramont, 1991. "Stopping High Inflation: An Analytical Overview," IMF Working Papers 1991/107, International Monetary Fund.
    4. World Bank, 2008. "The Migration and Remittances Factbook 2008," World Bank Publications - Books, The World Bank Group, number 6383, December.
    5. Makochekanwa, Albert, 2009. "Clothed in rags by hyperinflation: the case of Zimbabwe," MPRA Paper 28863, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Elitsa R Banalieva & Alvaro Cuervo-Cazurra & Ravi Sarathy, 2018. "Dynamics of pro-market institutions and firm performance," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(7), pages 858-880, September.
    2. Lilian Tomu & Knowledge Mutodi & Tinashe Chuchu & Eugine Tafadzwa Maziriri, 2021. "The Impact of Dollarization Policy on Zimbabwe Exports: A Gravity Model Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 11(3), pages 55-63.
    3. Rösl, Gerhard & Seitz, Franz, 2023. "Uncertainty, politics, and crises: The case for cash," IMFS Working Paper Series 186, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. José Antonio Ocampo-Gaviria & Carlos Eduardo Caballero Argáez & María del Pilar Esguerra-Umaña & Miguel Urrutia-Montoya & Antonio Hernández-Gamarra, 2023. "Ensayos de historia económica. Cien años del Banco de la República," Books, Banco de la Republica de Colombia, number 2023-isbn:9789586644730 edited by Luis I.Jácome & Samuel Pienknagura & Leonardo Villar Gómez & Esguerra Umaña Pilar, December.
    2. Emilio Ocampo, 2017. "Fighting inflation in Argentina: A brief history of ten stabilization plans," CEMA Working Papers: Serie Documentos de Trabajo. 613, Universidad del CEMA.
    3. Dariusz K. Rosati, 1994. "Output decline during transition from plan to market: a reconsideration," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 2(4), pages 419-441, December.
    4. Peter Bernholz, 2013. "Independent central banks as a component of the separation of powers," Constitutional Political Economy, Springer, vol. 24(3), pages 199-214, September.
    5. Durevall, Dick. & Mussa, Richard., 2010. "Employment diagnostic analysis : Malawi," ILO Working Papers 994614443402676, International Labour Organization.
    6. David, Frederic Camroux, 2008. "Nationalizing Transnationalism? The Philippine State and the Filipino Diaspora," Sciences Po publications info:hdl:2441/7i7knjo7kv8, Sciences Po.
    7. Edwards, Sebastian & Vegh, Carlos A., 1997. "Banks and macroeconomic disturbances under predetermined exchange rates," Journal of Monetary Economics, Elsevier, vol. 40(2), pages 239-278, October.
    8. Francesca D'Auria & Kieran Mc Morrow & Karl Pichelmann, 2008. "Economic impact of migration flows following the 2004 EU enlargement process - A model based analysis," European Economy - Economic Papers 2008 - 2015 349, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    9. Ralitza Dimova & Fran�ois-Charles Wolff, 2015. "Remittances and Chain Migration: Longitudinal Evidence from Bosnia and Herzegovina," Journal of Development Studies, Taylor & Francis Journals, vol. 51(5), pages 554-568, May.
    10. John Gibson & David McKenzie, 2014. "The Development Impact of a Best Practice Seasonal Worker Policy," The Review of Economics and Statistics, MIT Press, vol. 96(2), pages 229-243, May.
    11. Sergio Rebelo & Carlos A. Végh, 1995. "Real Effects of Exchange-Rate-Based Stabilization: An Analysis of Competing Theories," NBER Chapters, in: NBER Macroeconomics Annual 1995, Volume 10, pages 125-188, National Bureau of Economic Research, Inc.
    12. Sulo Haderi & Harry Papapanagos & Peter Sanfey & Mirela Talka, 1999. "Inflation and Stabilisation in Albania," Post-Communist Economies, Taylor & Francis Journals, vol. 11(1), pages 127-141.
    13. Kalaj, Ermira Hoxha, 2010. "Remittances and Human Capital Investment: Evidence from Albania," MPRA Paper 49210, University Library of Munich, Germany.
    14. Asel Isakova, 2010. "Currency Substitution in the Economies of Central Asia: How Much Does it Cost?," Chapters, in: Ewald Nowotny & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), The Euro and Economic Stability, chapter 9, Edward Elgar Publishing.
    15. Shikha Jha & Guntur Sugiyarto & Carlos Vargas-Silva, 2010. "The Global Crisis and the Impact on Remittances to Developing Asia," Global Economic Review, Taylor & Francis Journals, vol. 39(1), pages 59-82.
    16. Chinmay, Tumbe, 2011. "Remittances in India: Facts and Issues," MPRA Paper 29983, University Library of Munich, Germany.
    17. Susan Pozo & José R. Sánchez-Fung & Amelia U. Santos-Paulino, 2010. "Economic Development Strategies in the Dominican Republic," WIDER Working Paper Series 115, World Institute for Development Economic Research (UNU-WIDER).
    18. Edoardo Beretta, 2020. "The fourfold relation between the essence of money, inflation, bubbles and debt—A theoretical macrofounded analysis," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 49(3), September.
    19. Peter Bernholz & Peter Kugler, 2009. "The Success of Currency Reforms to End Great Inflations: An Empirical Analysis of 34 High Inflations," German Economic Review, Verein für Socialpolitik, vol. 10(2), pages 165-175, May.
    20. Panizzon, Marion, 2010. "Standing Together Apart: Bilateral Migration Agreements and the Temporary Movement of Persons under “Mode 4” of GATS," Papers 34, World Trade Institute.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:feddgm:00008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Amy Chapman (email available below). General contact details of provider: https://edirc.repec.org/data/frbdaus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.