Crossword clues for hyperinflation
hyperinflation
Longman Dictionary of Contemporary English
The Collaborative International Dictionary
hyperinflation \hyperinflation\ n. an unusually rapid rate of monetary inflation, as when prices rise more than 100 per cent per year.
Note: A famous example occurred in Germany after the first World War, reaching its peak in the period 1923. When the hyperinflation ended by 1924, the value of the mark had decreased by more than one trillion times compared to its value in 1914. Periods of lesser hyperinflation have occurred in many other countries, as in Russia in 1994.
Douglas Harper's Etymology Dictionary
Wiktionary
n. (context economics English) A very high rate of inflation.
Wikipedia
In economics, hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency, and causing the population to minimize their holdings of local money. The population normally switches to holding relatively stable foreign currencies. Under such conditions, the general price level within an economy increases rapidly as the official currency quickly loses real value. The value of economic items remains relatively stable in terms of foreign currencies.
Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of money. But typically the general price level rises even more rapidly than the money supply since people try to get rid of the devaluing money as quickly as possible. The real stock of money, that is the amount of circulating money divided by the price level, decreases.
Hyperinflations are usually caused by large persistent government deficits financed primarily by money creation (rather than taxation or borrowing). As such, hyperinflation is often associated with wars, their aftermath, sociopolitical upheavals, or other crises that make it difficult for the government to tax the population. A sharp decrease in real tax revenue coupled with a strong need to maintain the status quo, together with an inability or unwillingness to borrow, can lead a country into hyperinflation.
Usage examples of "hyperinflation".
This is not the dissolution of the Cartesian ego, but its hyperinflation to cosmic proportions: a temporary transfusion of higher domains has empowered a monster.
Because it no longer had oil revenues to pay for these expenditures, the government instead began printing money, creating the near hyperinflation of the mid-1990s.
In 1994, faced with hyperinflation and mounting threats to his regime, Saddam took the inexplicable step of threatening another invasion of Kuwait--and the best evidence we have, from Hussein Kamel, was that Saddam was not bluffing but genuinely intended to attack.
Against the hyperinflation of death that has cheapened all life, it is salutary to return to the physics, to remind ourselves about nuclear scale.
And he was away, his voice full of passionate connoisseurship, with many parallels and precedents, Italian banking, liquidity preference, composition fallacy, hyperinflation, business confidence syndrome, booms and panics, US corporations, the sobriety of financial architecture, the Bust of '29, the suicides on La Salle and Wall Street.