Search results for "crise monétaire"

From Land Reform to Hyperinflation: The Zimbabwean Experience of 1997-2008

2018

This article has for objective to contribute to the understanding of the Zimbabwean hyperinflation. The agrarian reform announced in November, 1997 is at the origin of this hyperinflation. This led to a massive outflow of capital and a disruption in the production that cause over several years the degradation of the foreign accounts, and a trend depreciation of the Zimbabwean dollar. The depreciation, via the increase of the costs in the import, cause the strong increase in prices. The long-lasting increase in prices have, subsequently, lead practice of price indexation on the foreign exchange rate. These phenomena of indexation not only fed the inflationary process, but also led to the col…