Open AccessLegal Problems of Inflation
Author(s) -
Ivor Lm Richardson
Publication year - 2013
Publication title -
victoria university of wellington law review
Language(s) - English
Resource type - Journals
eISSN - 1179-3082
pISSN - 1171-042X
DOI - 10.26686/vuwlr.v44i3/4.4974
Subject(s) - liberian dollar , inflation (cosmology) , value (mathematics) , economics , index (typography) , publishing , project commissioning , consumer price index (south africa) , accounting , business , monetary economics , political science , monetary policy , finance , law , physics , theoretical physics , machine learning , computer science , world wide web
The article reviews the efforts by Governments, Courts and professional accounting bodies to mitigate the hugely damaging effects of the high inflation of the 1970s and 1980s on the economy and the wider public. The Consumer Price Index brings out that impact recording that in 1990 a New Zealand dollar was worth less than one-eighth its value in 1970.