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Unbundling Zimbabwe’s journey to hyperinflation and official dollarization
https://doi.org/10.24545/00001012
https://doi.org/10.24545/000010125bac2d12-db7e-4d6a-b2d0-3cfea18226a7
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP09-12.pdf (414.7 kB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||
|---|---|---|---|---|---|---|---|---|
| 公開日 | 2009-09-01 | |||||||
| タイトル | ||||||||
| タイトル | Unbundling Zimbabwe’s journey to hyperinflation and official dollarization | |||||||
| 言語 | en | |||||||
| 言語 | ||||||||
| 言語 | eng | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Africa | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Zimbabwe | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Hyperinflation | |||||||
| キーワード | ||||||||
| 主題Scheme | Other | |||||||
| 主題 | Currency problems | |||||||
| 資源タイプ | ||||||||
| 資源タイプ | technical report | |||||||
| ID登録 | ||||||||
| ID登録 (DOI) | 10.24545/00001012 | |||||||
| ID登録タイプ | JaLC | |||||||
| 著者 |
KAIRIZA, Terrence
× KAIRIZA, Terrence
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| 著者所属 | ||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||
| 抄録 | ||||||||
| 内容記述タイプ | Abstract | |||||||
| 内容記述 | The first impetus to Zimbabwe’s drive to hyperinflation and official dollarization predates the disruption in production caused by the fast-track land reform programme. The initial push came from the departure from relatively disciplined fiscal policies to a string of measures aimed at pacifying restive groups threatening political power through the transfer of economic and financial resources to those groups to the detriment of the fiscus. This stance caused investors to run away from the Zimbabwean currency thus causing currency depreciation hence inducing cost-push inflation which was worsened by the decline in production that accompanied the land reform programme and the associated disturbances to production in all sectors of the economy. The liquidity expansion by the central bank to prop the ruling party embodied in the quasi-fiscal activities veiled as expansionary Keynesian economics played a major role in firmly setting the stage for hyperinflation in the latter stages of the saga. In the backdrop of hyperinflation, the institution of official dollarization was merely de jure recognition of the unofficial dollarization that had set in. On the basis of Zimbabwe’s idiosyncrasies, the article contends that any attempt to dedollarize should be an endogenous outcome of a policy of macroeconomic stabilization. | |||||||
| 内容記述 | ||||||||
| 内容記述タイプ | Other | |||||||
| 内容記述 | JEL Classification Codes: E31, E42, E58, E61, O55 | |||||||
| 発行年 | ||||||||
| 値 | 2009-09 | |||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. DP09-12, 発行日 2009-09-01 |
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| 出版者 | ||||||||
| 出版者 | GRIPS Policy Research Center | |||||||
| 言語 | en | |||||||
| 関連サイト | ||||||||
| 関連タイプ | isIdenticalTo | |||||||
| 識別子タイプ | URI | |||||||
| 関連識別子 | https://ideas.repec.org/p/ngi/dpaper/09-12.html | |||||||
| 関連名称 | https://ideas.repec.org/p/ngi/dpaper/09-12.html | |||||||
| 著者版フラグ | ||||||||
| 出版タイプ | AM | |||||||
| 出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||||
