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Venezuela Enters the Record Book: The 57th Entry in the Hanke-Krus World Hyperinflation Table

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  • Hanke, Steve

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

  • Bushnell, Charles

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

The Hanke-Krus World Hyperinflation Table first appeared in the authoritative Routledge Handbook of Major Events in Economic History, which was published in 2013. The table contained every country that had ever experienced a hyperinflation – all 56 of them. With this paper, we amend the Table and add a 57th entry: Venezuela. On December 3, 2016, Venezuela’s inflation met all the criteria required to qualify as a hyperinflation. Specifically, Venezuela’s monthly inflation rate exceeded 50 percent per month for 30 consecutive days.

Suggested Citation

  • Hanke, Steve & Bushnell, Charles, 2016. "Venezuela Enters the Record Book: The 57th Entry in the Hanke-Krus World Hyperinflation Table," Studies in Applied Economics 69, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0069
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    Cited by:

    1. Qiu, Yujuan, 2017. "Financial Deepening and Economic Growth in Select Emerging Markets with Currency Board Systems: Theory and Evidence," Studies in Applied Economics 87, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    2. Hanke, Steve, 2017. "On Venezuela's Tragic Meltdown," Studies in Applied Economics 78, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

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