El comportamiento de la inversión en las hiperinflación: el efecto yo-yó y el efecto cesta de mimbre. JEL E00, E50, E62
A disorganised over-abundant money supply gives rise to hyperinflation at a growth rate that is equally chaotic. Forecasting by means of the Fisher ratio is inconclusive and, also, savings, instead of following their usual process of creation and placement, lose their purchasing power, with the resu...
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Format: | Article |
Language: | Spanish |
Published: |
Real Centro Universitario Escorial-María Cristina
2009
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Online Access: | http://dialnet.unirioja.es/servlet/oaiart?codigo=2916326 |
Source: | Anuario jurídico y económico escurialense, ISSN 1133-3677, Nº. 42, 2009, pags. 443-462 |
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Summary: |
A disorganised over-abundant money supply gives rise to hyperinflation
at a growth rate that is equally chaotic. Forecasting by means of the Fisher ratio
is inconclusive and, also, savings, instead of following their usual process of creation
and placement, lose their purchasing power, with the result that investment is rendered
impossible. It is the equivalent of keeping money in a wicker basket. |
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