Open AccessYugoslav hyperinflations and our saviors
Author(s) -
Dragana Popović
Publication year - 2022
Publication title -
panoeconomicus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.289
H-Index - 14
eISSN - 2217-2386
pISSN - 1452-595X
DOI - 10.2298/pan2202233p
Subject(s) - hyperinflation , prime minister , keynesian economics , economics , political science , law , monetary policy , politics
This paper overviews hyperinflation episodes in Yugoslavia and elucidates the roles of Prime Minister Ante Markovic and Governor Dragoslav Avramovic, credited with their successful conclusion. The first part of the paper provides a comparative review of the highest hyperinflations in modern history. The next two parts are dedicated to the role of Ante Markovic, in the first, and the role of Dragoslav Avramovic during second hyperinflation. The last part of the paper describes the unfavorable final outcome of both hyperinflationary episodes, reveals the causes and indicates the opportunities that were have missed at key moments.