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Zimbabwe hyperinflates, again: The 58th episode of hyperinflation in history

Author

Listed:
  • Steve H. HANKE

    (Johns Hopkins University)

  • Erik BOSTROM

Abstract

Zimbabwe has entered its second episode of hyperinflation, making it the 58th documented case in world history. This article analyzes the causes, consequences, and policy failures that led to this recurrence. It draws comparisons with Zimbabwe’s first hyperinflation episode in 2007–2008 and discusses the role of monetary mismanagement, fiscal deficits, and loss of confidence in the national currency. The authors advocate for institutional reforms and consider the feasibility of dollarization or a currency board as potential solutions.

Suggested Citation

  • Steve H. HANKE & Erik BOSTROM, 2025. "Zimbabwe hyperinflates, again: The 58th episode of hyperinflation in history," Turkish Economic Review, EconSciences Journals, vol. 12(1), pages 40-49, March.
    • Handle: RePEc:cvv:journ2:v:12:y:2025:i:1:p:40-49
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    References listed on IDEAS

    as
    1. repec:bla:scandj:v:78:y:1976:i:2:p:200-224 is not listed on IDEAS
    2. Steve H. Hanke and Alex K. F. Kwok, 2009. "On the Measurement of Zimbabwe’s Hyperinflation," Cato Journal, Cato Journal, Cato Institute, vol. 29(2), pages 353-364, Winter.
    3. Phylaktis, Kate, 1992. "Purchasing power parity and cointegration: The Greek evidence from the 1920s," Journal of International Money and Finance, Elsevier, vol. 11(5), pages 502-513, October.
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    Keywords

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    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Systems; Standards; Regimes; Government and the Monetary System
    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy

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