Hyperinflation: A World History

ISBN-13: 9780367529208 / Angielski / Miękka / 2020 / 284 str.

He Liping

Opis

Based on research results of contemporary economists, media reports and historical works, this book will be the most comprehensive narrative of all major events of hyperinflation worldwide from the turn of the first millennium to the mid-2010s.

Spis treści

List of Figures.  List of Tables.  Preface.  Acknowledgements  Chapter I Introduction: Basic Concepts of Hyperinflation  What is Hyperinflation?  What Causes Hyperinflation?  What are the Impacts of Hyperinflation? How to End Hyperinflation?  Chapter II Monetary Adventures before the 20th Century Money and Inflation in the Ancient World  Wang Mang: A Most Bizarre Adventure in Coinage  The Roman Empire: Unstoppable Debasement  Sung, Jurchen, and Mongol Rule: The World’s First Paper Currency Hyperinflation  King Henry VIII: Great Debasement in Renaissance England  The Ming and Ching: Aborted Paper Currencies amidst the Menace of Hyperinflation  Paper Currency and American Revolution  Assignats and Hyperinflation during the French Revolution  Contrary Experiences of Inflation during America’s Civil War  Chapter III The First Wave of Hyperinflation in the 20th Century: Germany, Russia, and CEE Countries in the 1920s Five Basic Facts of Hyperinflation during the 1920s  The Gold Standard and Rise of the Banking Industry  Alarm Bells for Hyperinflation: Lenin vs. Keynes  The Treaty of Versailles, Reparations, and Germany’s Reaction  Soviet Russia: Hyperinflation under "New Economic Policy"  The Political Economy of Hyperinflation: Austria, Hungary, and Poland  The League of Nations: An Emerging Role of Multilateralism  Hyperinflation and the Rise of the Nazi Regime  Chapter IV The Second World War and the Upsurge of Hyperinflation in the 1940s  Greece: Wars and Long Stabilization  Italy: Rising Inflation in the Last Stage of the War  Hungary: The World Record Hyperinflation  Japan: Surge in Inflation after the War  The Philippines and South Korea: Hyperinflations Before and After  Germany: Bitter Escape from Hyperinflation  Chapter V War Finance and its Aftermath: China in the 1940s War Finance and High Inflation in the First Half of the 1940s Internal War and Hyperinflation Waves during the late 1940s  Ending Hyperinflation in China Mainland and Taiwan  Appendix Note: Friedman’s View on FDR, Silver and China  Chapter VI Hyperinflations in an "Age of Inflation"  The Collapse of the Bretton-Woods System and Advent of an "Age of Inflation"  Bolivia: The First Peacetime Hyperinflation in the World  Brazil and Argentina: Hyperinflation in Parallel  Israel and Turkey: Contrasting Experiences of High Inflation  Chile, Nicaragua, and Peru: Hyperinflation in Unsettled Societies  Zaïre (Congo) and Angola: Hyperinflations in Failing States  Chapter VII A Wave of Hyperinflation in Transition Economies Repressed Inflation in Planned Economies  Hyperinflations in Russia and Other USSR Successor States  Twice the Hyperinflation in Yugoslavia Inflations and Hyperinflations in Eastern European Countries  Fighting High Inflations: China and Vietnam in East Asia   Chapter VIII World Trend Outliers: Zimbabwe and Venezuela in the 21st century The World Trend: A "Great Moderation" in the 21st Century  Zimbabwe: A Hyperinflation that Ends Its Own Currency  Venezuela: Heading to Hyperinflation and Crisis  North Korea: "Unrepressed" Hyperinflation in a Hermit Kingdom  Appendix Note: Did China Help?  Chapter IX Conclusion References.  Index

O autorze

Liping He is Professor at the School of Business and Economics, Beijing Normal University. His research interests include international finance and economics.