In an IASB meeting on April 29th of 2015, the need to review the guidelines of IAS 29 (international standard that discusses the accounting statements of companies operating in hyperinflationary
economies) was discussed, such as the reduction in three-year cumulative inflation from 100 to 26%--approximately 8% per year--for its applicability.
Just as with the NK model, there are many equilibria that converge to the ZLB steady state, as well as hyperinflationary
equilibria for which the inflation rate and the nominal interest rate increase without bound.
episode that took place in the DPRK in 2010 is not included in the statistics analyzed in Hanke and Krus (2012) because of doubts over the reliability of the data but is explained in a detailed footnote.
* Non-monetary assets and liabilities are treated as provisions according to IAS 29 - Financial reporting in hyperinflationary
Though Bitcoin is far from hyperinflationary
, the safety valves that spare the volume of transactions much of the brunt of fluctuations in the exchange rate evidently come into operation in response to any sufficiently violent and sustained purchasing-power or exchange-rate paroxysms.
This pressure could theoretically lead to a hyperinflationary
collapse, or the threat of exit to bitcoin could force governments to act with more monetary responsibility in handling their currencies.
During Zimbabwe's hyperinflationary
period, banks were unable to pay interest above the inflation rate and were unable to profitably loan money because of how quickly the Zimbabwean dollar was losing value.
Especially the lower and middle class people who suffered most during the hyperinflationary
era gave Menem a broad base of electoral support due to success in disinflation (Starr 1997).
(2013) study Argentinian evidence for the period 1988-1997, which includes a hyperinflationary
episode where annual inflation rates exceeded 1000%.
environment, which existed during 2003-2008 reversed most of the gains of the improved health care system including school health [5, 6].
In a statement on April 2014 the company said the company was still recovering from the hyperinflationary
environment that characterized the economy between 2004-2008.
If the financial statements of the entity are not in the functional currency of a hyperinflationary
economy, then they are translated into the presentation currency in this way: