Background and Market Impact
I wanted to cover the hyperinflation crisis in Zimbabwe not only because it is a good case study for any business class, but also because it is fundamentally different than many other crises that began with a banking crisis. While still a contributing factor, the hyperinflation situation in Zimbabwe did not begin with a banking crisis. This bout of hyperinflation is ranked as the second most severe period of hyperinflation in modern history behind Hungary in the 1940s.
I need to begin this discussion with defining hyperinflation: a period of rapidly rising prices for goods and services when price increases usually measure over 50 percent per month. To quote the book
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