Monday, October 8, 2012

The 56 Great Hyperinflations of the Past 220 Years: The Henke-Krus Hyperinflation Table

The table is arranged so that the country with the fastest doubling time for prices, in this case Hungary in July 1946, is at the top of the list. You'll note that the Weimar hyperinflation only ranks fifth. And to repeat what I said in Friday's "Oh Great, Here Come the Nazis (Greece's New Dawn Party Now at 22%)":
...The hyperinflation didn't bring the Nazis to power, that happened during the deflationary depression.
And Golden Dawn is ahead of where the Nazis were in 1928. 
Here's the abstract and link to the complete paper via the SSRN (18 page PDF):
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.
And from CATO (19 page PDF)
From The Conversable Economist comes a thumbnail of the table:


And the one page PDF of the table.