Download or read book Analysis of the Zimbabwean Hyperinflation Crisis written by Thomas Stoddard Conkling and published by . This book was released on 2010 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zimbabwe's current struggles embody the worst outcomes of economic mismanagement. Hyperinflation has reached some of the highest levels ever seen, leading to falling standards of living and total disruption of the marketplace. There is much arguing about the cause and blame for the nation's downturn, but most importantly there is a need for solutions. The hyperinflationary theory developed earlier in the 20th century aptly describes the causes of Zimbabwe's problems at fundamental level, with money creation serving as the primary driver. More recent research details how countries with high inflation have stabilized their currencies, though their inflation is of lower magnitude than Zimbabwe's. Both qualitatively and quantitatively, Zimbabwe's lead-up to hyperinflation fits the mold of a modern high inflation incident, while its climax recalls the most severe WWI-era cases. Zimbabwe's unique political situation also complicates the process of economic stabilization. President Mugabe's regime is nearly immune to external pressure, so any change in policy will have to come from within his party, or from a rival organization that manages to gain power. Numerous researchers have presented plans for recovery once a willing government is in place, but that is a great hurdle to clear. In the near future, it is likely that foreign currencies will play an increasing role in the Zimbabwean marketplace. As the Zimbabwean dollar is gradually replaced for daily transactions, the harsh effects of hyperinflation will be mitigated. Whether the Zimbabwean dollar is officially replaced or made obsolete by dollarization, it seems unlikely that Zimbabweans will embrace their national currency again. Given the more devastating downturn of the real economy, it is unlikely that Zimbabwe can make as quick of a recovery as its hyperinflationary ancestors of the early 20th century. On the other hand, it seems quite possible for Zimbabwe to begin its recovery as quickly as those nations. Zimbabwe has dug itself a deep hole, but with proper leadership, it could once again become an economic power of the African continent.
Download or read book Hyperinflation in Zimbabwe written by Tara McIndoe-Calder and published by Springer Nature. This book was released on 2019-11-16 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the hyperinflation in Zimbabwe in the 2000s. The authors present a full description of the Zimbabwean hyperinflation in its relevant economic, historical and political context. They address parallels with other hyperinflations, discuss the economics of hyperinflation in general and of the Zimbabwean hyperinflation in particular, and provide a money demand estimation using a new dataset. The study concludes with several policy lessons. This book will be of interest to researchers in both social sciences and the humanities, as well as practitioners and policy-makers in development economics, and those in the banking industry.
Download or read book When Money Destroys Nations written by Philip Haslam and published by . This book was released on 2014 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Since the global financial crisis of 2008, the major governments of the world have resorted to printing vast sums of money to pay national debts and bail out banks. The warning signs are clear, and the collapse of the Zimbabwean dollar in 2009 after years of rampant money printing is a frightening example of what lies in store for the world's economies is painful, but necessary, reform is not enacted soon. When Money Destroys Nations tells the gripping story of the disintegration of the once-thriving Zimbabwean economy and how ordinary people survived in turbulent circumstances. Analysing this case within a gloabl context, Philip Haslam and Russell Lamberti investigate the causes of hyperinflation and draw ominous parallels between Zimbabwe and the world's developed economies. The looming currency crises and possible hyperinflation in these major economies, particularly the United States, have the potential to turn the current world order upside down. This story of how money destroys nations holds lessons that cannot be ignored."--Back cover.
Download or read book When Money Destroys Nations written by Philip Haslam and published by Penguin UK. This book was released on 2014-09-30 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the financial crisis of 2008, the major governments of the world have resorted to printing large amounts of money to pay national debts and bail out banks. The warning signs are clear, and the collapse of the Zimbabwean dollar after years of rampant money printing is a frightening example of what lies in store for world economies if painful reform is not executed. When Money Destroys Nations tells the gripping story of the disintegration of the once-thriving Zimbabwean economy and how ordinary people survived in turbulent circumstances. Analysing this case within a global context, Philip Haslam and Russell Lamberti investigate the causes of hyperinflation and draw ominous parallels between Zimbabwe and the world's developed economies. The looming currency crises and hyperinflation in these major economies, particularly the United States, have the potential to turn the current world order upside down. This story of how money destroys nations holds lessons that cannot be ignored.
Download or read book Alternative Monetary Regimes written by Colin Dearborn Campbell and published by . This book was released on 1986 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sanctions as War written by and published by BRILL. This book was released on 2021-12-20 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sanctions as War is the first critical analysis of economic sanctions from a global perspective. Featuring case studies from 11 sanctioned countries and theoretical essays, it will be of immediate interest to those interested in understanding how sanctions became the common sense of American foreign policy.
Download or read book Chad written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2013-09-09 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the effect of an IMF Staff-Monitored Program for Chad to enhance economic development. Weak institutional capacity and governance concerns have limited economic development and donor support in Chad. It is highlighted that the reduction in the nonoil primary deficit envisaged in the 2013 budget appears appropriate, but expenditures linked to the regional security situation and lower than anticipated oil revenues imply large financing needs. There are significant economic and political risks to program implementation,; the regional security situation remains volatile, and the economy is highly dependent on volatile oil revenue.
Download or read book This Time Is Different written by Carmen M. Reinhart and published by Princeton University Press. This book was released on 2011-08-07 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical investigation of financial crises during the last 800 years.
Download or read book A New Zimbabwe written by Alexander H. Noyes and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents Zimbabwe's political and economic reform efforts since President Robert Mugabe's overthrow and offers recommendations for how to help the country recover.
Download or read book The Political Life of an Epidemic written by Simukai Chigudu and published by Cambridge University Press. This book was released on 2020-01-30 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reveals how the crisis of Zimbabwe's cholera outbreak of 2008-9 had profound implications for political institutions and citizenship.
Download or read book Monetary Regimes and Inflation written by Peter Bernholz and published by Edward Elgar Publishing. This book was released on 2015-04-30 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of
Download or read book Financial Integration and Macroeconomic Volatility written by Mr.Ayhan Kose and published by International Monetary Fund. This book was released on 2003-03-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of international financial integration on macroeconomic volatility in a large group of industrial and developing economies over the period 1960-99. We report two major results: First, while the volatility of output growth has, on average, declined in the 1990s relative to the three preceding decades, we also document that, on average, the volatility of consumption growth relative to that of income growth has increased for more financially integrated developing economies in the 1990s. Second, increasing financial openness is associated with rising relative volatility of consumption, but only up to a certain threshold. The benefits of financial integration in terms of improved risk-sharing and consumption-smoothing possibilities appear to accrue only beyond this threshold.
Download or read book The Global Food Crisis written by Jennifer Clapp and published by Wilfrid Laurier Univ. Press. This book was released on 2009-09-30 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global food crisis is a stark reminder of the fragility of the global food system. The Global Food Crisis: Governance Challenges and Opportunities captures the debate about how to go forward and examines the implications of the crisis for food security in the world’s poorest countries, both for the global environment and for the global rules and institutions that govern food and agriculture. In this volume, policy-makers and scholars assess the causes and consequences of the most recent food price volatility and examine the associated governance challenges and opportunities, including short-term emergency responses, the ecological dimensions of the crisis, and the longer-term goal of building sustainable global food systems. The recommendations include vastly increasing public investment in small-farm agriculture; reforming global food aid and food research institutions; establishing fairer international agricultural trade rules; promoting sustainable agricultural methods; placing agriculture higher on the post-Kyoto climate change agenda; revamping biofuel policies; and enhancing international agricultural policy-making. Co-published with the Centre for International Governance Innovation
Download or read book The Triangle of Microfinance written by Manfred Zeller and published by Intl Food Policy Res Inst. This book was released on 2002-01-01 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1980s when the microfinance revolution began, much has been accomplished, but the field became more refined in the 1990s as a result of shifts in paradigms, strategies, and development practices. This volume addresses the three policy objectives that now occupy those who wish to use credit as a development tool: financial sustainability of microfinance institutions, outreach to the poor, and welfare impact. Inevitable tradeoffs exist among these objectives, and the book advances an analytical framework that assists students of and experts in microfinance to identify the tradeoffs and synergies at the institutional level and in the policy environment. The book features a wealth of empirical data and innovative analytical studies, and critically discusses the role of public support for microfinance institutions (MFIs) in light of the social costs and benefits generated by such financial systems. The book is organized into five parts. The first discusses the demand for and access to financial services by the poor, emphasizing that demand-oriented, pro-poor financial services are crucial in reaching the poor. The second is concerned with two of the criteria used to evaluate MFIsoutreach and financial sustainability. The third features innovative econometric studies seeking to evaluate the impact of MFIs at the household level. The fourth looks at the role of both public- and private-sector institutions in developing sustainable financial systems. And the fifth summarizes implications for policy and research. Given the lack of sound, empirical literature on microfinance, this volume is sure to advance knowledge and research methodology in the field.
Download or read book Pioneers Settlers Aliens Exiles written by J. L. Fisher and published by ANU E Press. This book was released on 2010-03-01 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: What did the future hold for Rhodesia's white population at the end of a bloody armed conflict fought against settler colonialism? Would there be a place for them in newly independent Zimbabwe? PIONEERS, SETTLERS, ALIENS, EXILES sets out the terms offered by Robert Mugabe in 1980 to whites who opted to stay in the country they thought of as their home. The book traces over the next two decades their changing relationshipwith the country when the post-colonial government revised its symbolic and geographical landscape and reworked codes of membership. Particular attention is paid to colonial memories and white interpellation in the official account of the nation's rebirth and indigene discourses, in view of which their attachment to the place shifted and weakened. As the book describes the whites' trajectory from privileged citizens to persons of disputed membership and contested belonging, it provides valuable background information with regard to the land and governance crises that engulfed Zimbabwe at the start of the twenty-first century.
Download or read book Survival Migration written by Alexander Betts and published by Cornell University Press. This book was released on 2013-08-15 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: International treaties, conventions, and organizations to protect refugees were established in the aftermath of World War II to protect people escaping targeted persecution by their own governments. However, the nature of cross-border displacement has transformed dramatically since then. Such threats as environmental change, food insecurity, and generalized violence force massive numbers of people to flee states that are unable or unwilling to ensure their basic rights, as do conditions in failed and fragile states that make possible human rights deprivations. Because these reasons do not meet the legal understanding of persecution, the victims of these circumstances are not usually recognized as "refugees," preventing current institutions from ensuring their protection.In this book, Alexander Betts develops the concept of "survival migration" to highlight the crisis in which these people find themselves. Examining flight from three of the most fragile states in Africa—Zimbabwe, the Democratic Republic of Congo, and Somalia—Betts explains variation in institutional responses across the neighboring host states. There is massive inconsistency. Some survival migrants are offered asylum as refugees; others are rounded up, detained, and deported, often in brutal conditions. The inadequacies of the current refugee regime are a disaster for human rights and gravely threaten international security. In Survival Migration, Betts outlines these failings, illustrates the enormous human suffering that results, and argues strongly for an expansion of protected categories.
Download or read book Stopping High Inflation written by Mr.Carlos A. Végh Gramont and published by International Monetary Fund. This book was released on 1991-11-01 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
