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Dynamic hyperinflation is a phenomenon that occurs when a new breath begins before the lung has reached the static equilibrium volume. [1] In simpler terms, this means that a new breath starts before the usual amount of air has been breathed out, leading to a build-up of air in the lungs, and causing breathing in and out to take place when the ...
The International Accounting Standards Board defines hyperinflation in IAS 29 as: "the cumulative inflation rate over three years is approaching, or exceeds, 100%." [11] Companies are required to restate their historical cost financial reports in terms of the period end hyperinflation rate in order to make these financial reports more meaningful.
The Chinese hyperinflation was the extreme inflation that emerged in China during the late 1930s, [1] extended to Taiwan after the Japanese surrender in 1945, and concluded in the early 1950s. [ 2 ]
The effect has been known since the ending period after World War I. Italian economist Costantino Bresciani Turroni described a similar phenomenon for the German hyperinflation. Previous to the Tanzi paper, a common hypothesis was that the tax administration had somehow become less efficient than before the previous of high inflation.
The Federal Reserve can play a critical role in preventing hyperinflation
Monetary inflation is a sustained increase in the money supply of a country (or currency area). Depending on many factors, especially public expectations, the fundamental state and development of the economy, and the transmission mechanism, it is likely to result in price inflation, which is usually just called "inflation", which is a rise in the general level of prices of goods and services.
Hyperinflation is an extreme … Continue reading ->The post What Is Hyperinflation and Why Should You Care? appeared first on SmartAsset Blog.
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