 Clothed in rags by hyperinflation: the case of ZimbabweMPRA Paper from University Library of Munich, Germany Abstract: After employing a number of qualitative methodologies in investigating and analyzing the devastating hardships and sufferings inflicted on ordinary Zimbabweans by the hyperinflationary environment bedeviling the country, the study found some interesting things. Some of the hardships and sufferings currently common and being experienced by most Zimbabweans on daily basis include non affordability of essential products and services, non availability of local currency in banks, not allowed to withdraw enough cash from banks, endurance of long and winding bank queues, the inability to make any projected financial planning, inability to make credit purchases and stressful life. The research also found that most people ended up engaging themselves in barter trading, dollarization, buying and selling, foreign currency dealing and money ‘burning’ as strategies to survive in this hyperinflationary environment. Lastly, increased criminal activities, erosion of generally held good morals as well as disappearance of good business ethics have been found to be some of the consequences of hyperinflation on the human behaviour of most Zimbabweans. Keywords: Hyperinflation; hardships; sufferings; survival; strategies (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:28863 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.