De la réforme agraire à l’hyperinflation : l’expérience zimbabwéenne (1997-2008)
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 d...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2018-12-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/13846 |
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| author | Daouda Drabo |
| author_facet | Daouda Drabo |
| author_sort | Daouda Drabo |
| collection | DOAJ |
| description | 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 collapse of the Zimbabwean currency. The agrarian reform thus engages a process which ends in the destruction of the Zimbabwean dollar. Our contribution to the understanding of Zimbabwean hyperinflation is show how policy decisions aimed at expropriate the land of British farmers has led to a collapse of the monetary order. |
| format | Article |
| id | doaj-art-50e7e224fe4a4d6ba6bdaf655a4b9d87 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2018-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-50e7e224fe4a4d6ba6bdaf655a4b9d872025-01-30T14:27:02ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962018-12-012410.4000/regulation.13846De la réforme agraire à l’hyperinflation : l’expérience zimbabwéenne (1997-2008)Daouda DraboThis 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 collapse of the Zimbabwean currency. The agrarian reform thus engages a process which ends in the destruction of the Zimbabwean dollar. Our contribution to the understanding of Zimbabwean hyperinflation is show how policy decisions aimed at expropriate the land of British farmers has led to a collapse of the monetary order.https://journals.openedition.org/regulation/13846hyperinflationmonetary crisisexchange rateZimbabwe |
| spellingShingle | Daouda Drabo De la réforme agraire à l’hyperinflation : l’expérience zimbabwéenne (1997-2008) Revue de la Régulation hyperinflation monetary crisis exchange rate Zimbabwe |
| title | De la réforme agraire à l’hyperinflation : l’expérience zimbabwéenne (1997-2008) |
| title_full | De la réforme agraire à l’hyperinflation : l’expérience zimbabwéenne (1997-2008) |
| title_fullStr | De la réforme agraire à l’hyperinflation : l’expérience zimbabwéenne (1997-2008) |
| title_full_unstemmed | De la réforme agraire à l’hyperinflation : l’expérience zimbabwéenne (1997-2008) |
| title_short | De la réforme agraire à l’hyperinflation : l’expérience zimbabwéenne (1997-2008) |
| title_sort | de la reforme agraire a l hyperinflation l experience zimbabweenne 1997 2008 |
| topic | hyperinflation monetary crisis exchange rate Zimbabwe |
| url | https://journals.openedition.org/regulation/13846 |
| work_keys_str_mv | AT daoudadrabo delareformeagrairealhyperinflationlexperiencezimbabweenne19972008 |