Message:

<p>[QUOTE=&quot;iPen, post: 2304445, member: 69760&quot;]If Kragina was a separate entity, I&#039;m wondering why they aren&#039;t listed as one of the highest hyperinflation countries. I see two separate entries for the countries in question shown in the table pictured below, one for Srpska (#4) and another for Bosnia &amp; Herzegovina (#13).</p><p><br /></p><p>Today, Croatia is a part of what was once Srpska and Bosnia; while Bosnia &amp; Herzegovina is a part of what was once Srpska and its original territories. In other words, the boundaries were completely redrawn to separate the two countries into more distinct locations. Furthermore, both Knin and Banja Luka appear to have been in Bosnia &amp; Herzegovina when the 50 billion Dinara notes were printed (at least according to the maps below, which may or may not have been redrawn several times as territories were gained or lost with each battle). This only adds to my confusion...</p><p><br /></p><p><img src="http://www.michaeltotten.com/images/Bosnia%20Map%20Emphasis%20Srpska.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://carnetdevoyage.hr/wp-content/uploads/2013/03/croatia_map2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Here&#039;s the ranked table of the first 24 countries and link to the study by Hanke-Krus (on pages 12-13) that I&#039;m referencing:</p><p><br /></p><p>[ATTACH=full]463318[/ATTACH]</p><p><a href="http://object.cato.org/sites/cato.org/files/pubs/pdf/workingpaper-8.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://object.cato.org/sites/cato.org/files/pubs/pdf/workingpaper-8.pdf" rel="nofollow">http://object.cato.org/sites/cato.org/files/pubs/pdf/workingpaper-8.pdf</a></p><p><br /></p><p>As an aside, 54 of the top 55 worst hyperinflation episodes ever of any country occurred in the 20th century; the exception is Zimbabwe at #2 in the 21st century. This measure controls for high nominal values of currency by looking at how fast prices doubled, which should indirectly control for greater money supplies due to increased population and other &quot;large size&quot; variables. I&#039;d imagine that hyperinflation in the ancient days were pretty bad, and most of that data is probably unreliable to draw a comprehensive conclusion. However, it&#039;s of my opinion that the hyperinflation we know today is a relatively modern phenomenon that far exceeds the magnitude of any inflationary episode previous to the 20th century.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in