World Hyperinflations
This chapter supplies, for the first time, a table that contains all 56 episodes of hyperinflation, including several which had previously gone unreported. The Hyperinflation Table is compiled in a systematic and uniform way. Most importantly, it meets the replicability test. It utilizes clean and consistent inflation metrics, indicates the start and end dates of each episode, identifies the month of peak hyperinflation, and signifies the currency that was in circulation, as well as the method used to calculate inflation rates…
Steve Hanke and Nicholas Krus, “World Hyperinflations”, Cato Working Paper no. 8, August 15, 2012. Forthcoming in: Randall Parker and Robert Whaples (eds.) (2013) The Handbook of Major Events in Economic History, London: Routledge Publishing. (expected publication date: Summer 2013)
By Steve H. Hanke and Nicholas Krus
Steve H. Hanke is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore and a Senior Fellow at the Cato Institute. Nicholas Krus is a research associate at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
To download the PDF of the working paper visit Cato.org…
image: flickr.com/sokwanele
Steve H. Hanke
Steve H. Hanke is a Professor of Applied Economics and Founder & Co-Director of The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute, a contributor at National Review, a well-known currency reformer, and a currency and commodity trader.
Prof. Hanke served as a Senior Economist on President Reagan’s Council of Economic Advisers in 1981-82, a Member of the Governor’s Council of Economic Advisers in Maryland in 1976-77, and a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984-88. He has been an adviser to five foreign heads of state and five foreign cabinet ministers and held a cabinet-level rank in both Lithuania and Montenegro. He has been awarded seven honorary doctorate degrees, and is an Honorary Professor at four foreign institutions. He was President of Toronto Trust Argentina in Buenos Aires in 1995, when it was the world’s best-performing mutual fund. Currently, he serves as Chairman of the Supervisory Board of Advanced Metallurgical Group N.V. in Amsterdam.
In 1998, he was named one of the twenty-five most influential people in the world by World Trade Magazine In 2020, Prof. Hanke was named a “Knight of the Order of the Flag” by Albanian President Ilir Meta.
