Zimbabwe is the new Weimar Republic. Supply had failed, demand was great, and the prices of everything hyperinflated. This book investigates the hyperinflation in Zimbabwe in the 2000s. Zimbabwe is the demonstration of the folly of a fiat monetary system. Zimbabwe is an African country with a dysfunctional government. Zimbabwe’s real inflation rate, measured by purchasing power parity and taking into account its de facto exchange rate, was 313 percent a year and 112 percent on a monthly basis, said Hanke, who has written a book about the country’s 2008 crisis. Yes! Zimbabwe experienced a devastating hyperinflation that peaked in 2008-09. Zimbabwe is the front-line evidence that shows that government deficits will generate hyper-inflation. Hyperinflation had blazed out of control, turning lives upside down as soaring prices destroyed the once prosperous economy. Book Description. Not! The authors present a full description of the Zimbabwean hyperinflation in its relevant economic, historical and political context. First we should make sure what we are talking about. Since 1970s when the world was experiencing an "age of inflation", a great volume of academic research about hyperinflation has been conducted. While regular old inflation may be known as the silent tax, its hyper sibling is anything but silent.Imagine the price for a gallon of milk jumping a dollar a month for the next year, and you'll have a rough idea of the concept. Ordinary least squares (OLS) and co-integration techniques are used to test for long-run relationship among the variables of interest. Not! Zimbabwe entered into a state of hyperinflation, which culminated in a de facto dollarization of the Zimbabwean economy, made official in early 2009 by the Minister of Finance. Long before Zimbabwe's hyperinflation period began in 2007, signs were already apparent that the country's economic system was in trouble. Zimbabwe had been an exporter of food and, now, with black farmers having no appropriate background in farming and trying to operate with subsistence farming, the economy was ruined. Zimbabwe. In late 2008 the Zimbabwe dollar collapsed after eleven years of unrestrained money printing. Robert Gabriel Mugabe (/ m ʊ ˈ ɡ ɑː b i /; Shona: ; 21 February 1924 – 6 September 2019) was a Zimbabwean revolutionary and politician who served as Prime Minister of Zimbabwe from 1980 to 1987 and then as President from 1987 to 2017. The printing of $100billion notes was a reflection of this inflation, not the cause. Hyperinflation is inflation on steroids. Not! Military adventures and reckless spending led to exploding budget deficits, and the forced seizure of commercial farms almost brought the agricultural production to a halt. This chapter examines the long-run relationship of stock returns and its determinants in Zimbabwe during the hyperinflation period (1998–2008). In 1980, Zimbabwe, formerly known as Southern Rhodesia, gained its independence from Britain after a protracted guerrilla war. Hyperinflation has never been a consequence of monetary policy or politicians turning on the printing press just before an election; rather, hyperinflation is a symptom of a state that has lost control of its tax base. Following independence, the government adopted the Zimbabwean dollar as its national currency, and in its early years, Zimbabwe’s economy thrived. However, it is also true that parrot-like superficial talks abound, without questioning the economic, political and social foundations existing underneath the economic phenomenon. Sure what we are talking about as Southern Rhodesia, gained its independence from after. 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