Hyperinflations: Their Origins, Development and Termination

Siklos, Pierre L.

doi:10.1111/j.1467-6419.1990.tb00087.x

Cited by 21 publications

(5 citation statements)

References 74 publications

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“…Inflation is loosely understood as the rise in the standard of living gauged using the consumer price index (Siklos, 2000).…”

Section: The Anatomy Of Hyperinflationmentioning

confidence: 99%

A Theoretical Assessment of the Operational Budgets in Hyperinflation Countries, Lessons from Boarding Schools in Zimbabwe: Effects and Survival Strategies

Mandongwe¹,

Murairwa²,

Dube³

2022

IJRISS

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The research reviewed theoretical and empirical studies on hyperinflation, its effects on boarding school budgets, and adaptation strategies that may be employed by the schools. A critical analysis from prior studies displayed that vehement hyperinflation is a challenge and betrays the purpose of operational budgets in boarding schools. The purpose of operational budgets to play an exceptional role in cost control, planning, organizing, and communication at both national and local levels is rendered useless with hyperinflation. An analysis of the legal framework for education as provided for by the Zimbabwe Education Act and the education policies was also performed so as to have a clear understating of how the financial aspects of boarding schools are executed. The results from the studies reveal that hyperinflation has a great negative impact on the operations of boarding schools. It leads to the destruction of schools’ lineament, reduced enrolment, increased arrears, more bad debts, budget deficit, litigation, rising operational cost, and decreased capital investments. The research further discovered that in order to adapt to hyperinflation, boarding schools must be creative and innovative, perform cost reduction and control, adapt to differentiation, online services, cost leadership strategy as well as continuous reviewing of the financial aspects. The research noted that the boarding schools were not spared from the effects of hyperinflation and their only alternative in such disruptive times was to embrace the suggested strategies so as to survive in a hyperinflation environment.

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“…Inflation is loosely understood as the rise in the standard of living gauged using the consumer price index (Siklos, 2000).…”

Section: The Anatomy Of Hyperinflationmentioning

confidence: 99%

A Theoretical Assessment of the Operational Budgets in Hyperinflation Countries, Lessons from Boarding Schools in Zimbabwe: Effects and Survival Strategies

Mandongwe¹,

Murairwa²,

Dube³

2022

IJRISS

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“…The dynamics of public debt (and in some cases, also private debt and nominal wages) and fiscal news were the key drivers (either directly or indirectly) of rising inflationary expectations and monetary expansion. Expectations reversed and inflationary pressures quickly subsided as soon as governments committed credibly to a drastic change in fiscal and monetary policy regime, supported by legal and institutional reforms that limited governments' access to central bank borrowing (Siklos 1990;Burdekin and Burkett 1992;Ferguson 1996). A recent qualification suggests that high economic uncertainty, by preventing governments from committing to credible fiscal policies, might have contributed to hyperinflationary dynamics (Lopez and Mitchener 2018).…”

Section: : Aggregate Price Shocksmentioning

confidence: 99%

Introduction: New Research in Monetary History – A Map

Battilossi

Yago²

2019

Handbook of the History of Money and Currency

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“…Inflation and related issues provide another recurrent theme. A notable early contribution is Siklos (1990) on hyperinflation. Herrendorf (1997) considers the ‘Time Consistent Collection of Optimal Seigniorage’.…”

mentioning

confidence: 99%

Contributions on Macroeconomics and Policy

Sayer¹

2011

Journal of Economic Surveys

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Hyperinflations: Their Origins, Development and Termination

Cited by 21 publications

References 74 publications

A Theoretical Assessment of the Operational Budgets in Hyperinflation Countries, Lessons from Boarding Schools in Zimbabwe: Effects and Survival Strategies

A Theoretical Assessment of the Operational Budgets in Hyperinflation Countries, Lessons from Boarding Schools in Zimbabwe: Effects and Survival Strategies

Introduction: New Research in Monetary History – A Map

Contributions on Macroeconomics and Policy

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