eabh (The European Association for Banking and Financial History e.V.) in cooperation with the Central Bank of Hungary (Magyar Nemzeti Bank)
Hyperinflation represents an extreme and rapid form of inflation, where a country’s currency loses its value at an alarming rate, often exceeding 50% per month. Hyperinflation can erode the purchasing power of a currency, causing financial hardship for individuals and businesses. It can also destabilize economies and lead to social unrest, making it a critical concern for policymakers and central banks. Understanding the causes and consequences of hyperinflation is essential for formulating effective monetary and fiscal policies to maintain economic stability.
Studying hyperinflation in history provides valuable insights into the complex interplay of economic, political, and psychological factors that contribute to such extreme economic events, making it a compelling subject for economists, historians, and policymakers alike