The Hungarian 1945-1946 hyperinflation
This paper provides a description of the Hungarian hyper-inflation in the periodimmediately after World War II. It is shown that the inflationary process started with thenecessity of financing the high costs of the war effort. After the war, the reduction of productioncapacity, reparation payments,...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 1986 |
| País: | Brasil |
| Institución: | EDITORA 34 |
| Repositorio: | Revista de Economia Política |
| Idioma: | portugués |
| OAI Identifier: | oai:ojs2.centrodeeconomiapolitica.org:article/1792 |
| Acceso en línea: | https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1792 |
| Access Level: | acceso abierto |
| Palabra clave: | Inflação hiperinflação húngara história econômica da Hungria Inflation Hungarian hyperinflation economic history of Hungary |
| Sumario: | This paper provides a description of the Hungarian hyper-inflation in the periodimmediately after World War II. It is shown that the inflationary process started with thenecessity of financing the high costs of the war effort. After the war, the reduction of productioncapacity, reparation payments, and the large government deficit provided the factors forthe rapid growth of the rate of inflation. Reference is made to the unsuccessful effort to introducean indexed currency. The stabilization process is seen as a result of careful planningand a very harsh redistribution of income among the various social classes. JEL Classification: E31; N14. |
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