Management Of Hyperinflation And Deflation (Economy Series)
Rating:
Hyperinflation anddeflation are the two extreme cases of inflation. While a certain amount ofinflation is good for the economy, extremes are very harmful. Hyperinflation hasbeen defined as an inflationary situation in which prices move up more than 50%per month, while deflation is a situation where the economy slows down as theinflation rate becomes negative. Hyperinflation takes place when too much moneyis pumped into the economy and prices... more »
spirally, while deflation is causedby a slowdown of the economy, stagnant demand or a supply side shock. There havebeen several instances of hyperinflation in the world and the effects have beenvery bad for the economy. Public lost their trust in the financial system andeven governments were toppled. The latest episode has taken place in Zimbabwe.Deflation, on the contrary, has been quite rare, and the most recent exampleshave been of Japan and the far-eastern countries. This book tries to analyze thecauses of inflation, different types of hyperinflation and deflation, mainexamples of these extreme causes and the steps taken by the central banks of therespective countries to control the same. It covers a long period spanning fromthe beginning of the twentieth century to the current day, in order to depictthe main triggers that gave rise to hyperinflation or deflation in differentcountries. Several case studies on the subject have also been included toprovide a better understanding of the subject.« less
Rs. 425
Lowest Price From 1 Store(s)