Papers Published in World Economics:
On Hyperinflation: New Evidence from Zambia, the Central African Franc Zone, and Belarus
Adds four new hyperinflation episodes—Zambia (1984–86; 1988), CFA Franc Zone (1994), and Belarus (May 2011)—bringing the Hanke–Krus table to 71. Measures inflation via PPP using parallel-market exchange rates; applies Cagan’s =50%/month for =30 days with full replicability. Peak rates: Zambia ~171%/mo and ~100%/mo; CFA Zone ~101%/mo; Belarus ~52.4%/mo. In Belarus, exchange-rate unification and tighter policies later eased inflation by early 2012.
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Hyperinflation in Suriname
Primary data reveal two new instances of hyperinflation, both occurring in Suriname in the 1990s. In June 1993 and October 1994, Suriname experienced monthly inflation rates of 208% and 58.6%, respectively. With these additions, the Hanke-Krus World Hyperinflation Table now records 66 hyperinflation episodes. These are the first recorded instances of hyperinflation in Suriname.
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