Advanced Search
MyIDEAS: Login to save this paper or follow this series

Clothed in rags by hyperinflation: the case of Zimbabwe

Contents:

Author Info

  • Makochekanwa, Albert

Abstract

After employing a number of qualitative methodologies in investigating and analyzing the devastating hardships and sufferings inflicted on ordinary Zimbabweans by the hyperinflationary environment bedeviling the country, the study found some interesting things. Some of the hardships and sufferings currently common and being experienced by most Zimbabweans on daily basis include non affordability of essential products and services, non availability of local currency in banks, not allowed to withdraw enough cash from banks, endurance of long and winding bank queues, the inability to make any projected financial planning, inability to make credit purchases and stressful life. The research also found that most people ended up engaging themselves in barter trading, dollarization, buying and selling, foreign currency dealing and money ‘burning’ as strategies to survive in this hyperinflationary environment. Lastly, increased criminal activities, erosion of generally held good morals as well as disappearance of good business ethics have been found to be some of the consequences of hyperinflation on the human behaviour of most Zimbabweans.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://mpra.ub.uni-muenchen.de/28863/
File Function: original version
Download Restriction: no

Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 28863.

as in new window
Length:
Date of creation: 01 Jan 2009
Date of revision:
Handle: RePEc:pra:mprapa:28863

Contact details of provider:
Postal: Schackstr. 4, D-80539 Munich, Germany
Phone: +49-(0)89-2180-2219
Fax: +49-(0)89-2180-3900
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC

Related research

Keywords: Hyperinflation; hardships; sufferings; survival; strategies;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:28863. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.