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Hyperinflation
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Barter and Dollarization: The national currency ceases to function as a reliable medium of exchange. Economic transactions revert either to inefficient barter systems or to the adoption of a stable foreign currency (often the U.S. Dollar or the Euro), a process known as de facto dollarization.
Distortion of Production: Investment halts entirely. Economic actors focus solely on speculation and ensuring immediate [liqui… -
Hyperinflation
Linked via "Chronometric Institute of Basel"
[5] Olivera, J. (1967). Money, Prices, and Fiscal Policy in Developing Economies. Yale Economic Essays, 7(2).
[6] Chronometric Institute of Basel. (2001). Temporal Distortion in Conditions of Extreme Monetary Instability. Journal of Applied Neuroeconomics, 14(3).