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undergraduate thesis
INFLACIJA IZ TEORIJSKE I EMPIRIJSKE PERSPEKTIVE: SLUČAJ HIPERINFLACIJE U VENEZUELI
Završni rad
2022. urn:nbn:hr:145:389397
Opačak, Dominik
Josip Juraj Strossmayer University of Osijek
Faculty of Economics and Business in Osijek
Chair of National and International Economics

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Opačak, D. (2022). INFLACIJA IZ TEORIJSKE I EMPIRIJSKE PERSPEKTIVE: SLUČAJ HIPERINFLACIJE U VENEZUELI : Završni rad (Undergraduate thesis). Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek. Retrieved from https://urn.nsk.hr/urn:nbn:hr:145:389397

Opačak, Dominik. "INFLACIJA IZ TEORIJSKE I EMPIRIJSKE PERSPEKTIVE: SLUČAJ HIPERINFLACIJE U VENEZUELI : Završni rad." Undergraduate thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, 2022. https://urn.nsk.hr/urn:nbn:hr:145:389397

Opačak, Dominik. "INFLACIJA IZ TEORIJSKE I EMPIRIJSKE PERSPEKTIVE: SLUČAJ HIPERINFLACIJE U VENEZUELI : Završni rad." Undergraduate thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, 2022. https://urn.nsk.hr/urn:nbn:hr:145:389397

Opačak, D. (2022). 'INFLACIJA IZ TEORIJSKE I EMPIRIJSKE PERSPEKTIVE: SLUČAJ HIPERINFLACIJE U VENEZUELI : Završni rad', Undergraduate thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, accessed 24 April 2024, https://urn.nsk.hr/urn:nbn:hr:145:389397

Opačak D. INFLACIJA IZ TEORIJSKE I EMPIRIJSKE PERSPEKTIVE: SLUČAJ HIPERINFLACIJE U VENEZUELI : Završni rad [Undergraduate thesis]. Osijek: Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek; 2022 [cited 2024 April 24] Available at: https://urn.nsk.hr/urn:nbn:hr:145:389397

D. Opačak, "INFLACIJA IZ TEORIJSKE I EMPIRIJSKE PERSPEKTIVE: SLUČAJ HIPERINFLACIJE U VENEZUELI : Završni rad", Undergraduate thesis, Josip Juraj Strossmayer University of Osijek, Faculty of Economics and Business in Osijek, Osijek, 2022. Available at: https://urn.nsk.hr/urn:nbn:hr:145:389397

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TitleINFLACIJA IZ TEORIJSKE I EMPIRIJSKE PERSPEKTIVE: SLUČAJ HIPERINFLACIJE U VENEZUELI : Završni rad
Title (english)INFLATION FROM A THEORETICAL AND EMPIRICAL PERSPECTIVE: THE CASE OF HYPERINFLATION IN VENEZUELA : Final paper
AuthorDominik Opačak
MentorĐula Borozan (mentor)
GranterJosip Juraj Strossmayer University of Osijek
Faculty of Economics and Business in Osijek
(Chair of National and International Economics)
Osijek
Defense date and country2022-09-09, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Macroeconomics
Abstract
Inflacija predstavlja proces kontinuiranog povećanja cijena ili kontinuiranog smanjenja vrijednosti novca. Ako je inflacija izuzetno visoka, to jest ako prelazi 50% mjesečno ili 1000% godišnje, riječ je o hiperinflaciji. Hiperinflacija je osobito razorna vrsta inflacije koja dovodi do poremećaja gospodarstva države i vrlo često dovodi do velikih promjena u monetarnoj politici države ili uvođenja potpuno novog monetarnog sustava. Iako nije uobičajena pojava u stvarnosti; ekonomska povijest bilježi 57 slučaja hiperinflacije. Hiperinflacija je često uzrokovana značajnim porastom ponude novca koja je praćena ekonomskim rastom. Ponuda novca se povećava zbog stvaranja i emitiranja više novca u domaću ekonomiju ili za pokriće proračunskog deficita. Nakon obrade pojmova povezanih s inflacijom i hiperinflacijom, cilj ovog završnog rada je objasniti razvoj hiperinflacije u Venezueli, njene uzroke i posljedice, te moguće načine stabilizacije. Hiperinflacija u Venezueli je započela početkom 2016. godine te je doživjela vrhunac 2019. godine. Godišnja stopa inflacije od skoro 350.000% slomila je venezuelansku ekonomiju te vrijednost domaće valute bolivara. Istraživanje literature je pokazalo da je hiperinflaciju u Venezueli uzrokovana prevelikom ovisnošću venezuelanske ekonomije o međunarodnim cijenama nafte te korupcijom i manjkom monetarne discipline unutar vlade u stvaranju novca i kontroli cijena i valuta. U prijašnjim slučajevima hiperinflacije diljem svijeta, najefektivnije stabilizacijske politike bile su dolarizacija i valutni odbor.
Abstract (english)
Inflation is a process of continuous increase in prices or continuous decrease in the value of money. If inflation is extremely high, that is, if it exceeds 50% per month or 1000% per year, it is called hyperinflation. Hyperinflation is a particularly devastating type of inflation that disrupts the country's economy and very often leads to major changes in the country's monetary policy or the introduction of a completely new monetary system. Although not a common occurrence in reality; economic history records 57 cases of hyperinflation. Hyperinflation is often caused by a significant increase in the money supply that is accompanied by economic growth. The money supply increases due to the creation and emission of more money into the domestic economy or to cover the budget deficit. After processing the concepts related to inflation and hyperinflation, the goal of this final paper is to explain the development of hyperinflation in Venezuela, its causes and consequences, and possible ways of stabilization. Hyperinflation in Venezuela started at the beginning of 2016 and reached its peak in 2019. The annual inflation rate of almost 350,000% has crushed the Venezuelan economy and the value of the domestic currency, the bolivar. Literature research has shown that hyperinflation in Venezuela is caused by excessive dependence of the Venezuelan economy on international oil prices and corruption and lack of monetary discipline within the government in creating money and controlling prices and currencies. In previous cases of hyperinflation around the world, the most effective stabilization policies were dollarization and a currency board.
Keywords
Keywords (english)
Languagecroatian
URN:NBNurn:nbn:hr:145:389397
Study programmeTitle: Financial Management
Study programme type: university
Study level: undergraduate
Academic / professional title: sveučilišni/a prvostupnik/prvostupnica (baccalaureus/baccalaurea) ekonomije (sveučilišni/a prvostupnik/prvostupnica (baccalaureus/baccalaurea) ekonomije)
Type of resourceText
File originBorn digital
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2023-04-19 11:44:58