Columbia International Affairs Online: Working Papers

CIAO DATE: 10/2012

World Hyperinflations

Steve H. Hanke, Nicholas Krus

August 2012

The Cato Institute

Abstract

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.