Titlebook: War Finance, Reconstruction, Hyperinflation and Stabilization in Hungary, 1938–48; Pierre L. Siklos Book 1991 Pierre L. Siklos 1991 financ

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The Lessons to be Learned from the Hyperinflation and Its Termination,onic or moderate inflations. To what extent can such episodes be treated as a laboratory for the testing of economic theory? Because of the importance of this issue, the present chapter attempts to place the Hungarian experience into its proper context.

Interferons

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Introduction and Summary,es defined as 1 only a year earlier (15 July 1945), while the average daily rate of inflation in the final week of the hyperinflation stood at 158 486 per cent!. The following day the Hungarian government introduced the florin or ‘forint’ (Ft) to replace the hyperinflated peng? (P). During the first