The Three Ds — Disinflation, Deflation, and Depression

Robert Z. Aliber
Additional contact information
Robert Z. Aliber: University of Chicago

Chapter 10 in The New International Money Game, 2002, pp 168-178 from Palgrave Macmillan

Abstract: Abstract The ‘bangs’ involve a currency reform — usually after the economy has been hyperinflating at rates of 600 or 800 percent a year (Box 10.1). The production and import of currency notes becomes a major growth industry. The experience from many countries suggests that once the price level triples in a year, the ‘point of no return’ has been passed, and the inflation rate will continue to accelerate until there is a currency reform — the old money is thrown out and a new money is introduced.

Keywords: Interest Rate; Real Estate; Money Supply; Real Interest Rate; Capital Gain (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50097-6_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230500976

DOI: 10.1057/9780230500976_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().