02082cas a2200241 a 4500 AALejournalIMF018877 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484385388 1018-5941 BD-DhAAL BD-DhAAL Saboin, Jose. The Modern Hyperinflation Cycle : Some New Empirical Regularities / Jose Saboin. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (46 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Using a database of up to 62 variables for 196 countries over 57 years, a hyperinflation cycle has been characterized to propose a broader setting of stylized facts. Beyond the usual facts, the findings in this paper contribute to the literature of modern hyperinflations in that these cycles occur in contexts where there are (i) depressed economic freedoms, (ii) deteriorated socioeconomic conditions and rule of law, as well as (iii) high levels of domestic conflictivity and government instability. Despite social infraestructure factors improve during stabilization, they keep being substantially lower than the respresentative non-hyperinflation country, suggesting an important role for them in the occurrence of modern hypeinflations. Finally, the role of international financial assistance in stabilization was studied, noting that (i) a clear majority of hyperinflation countries used it, further improving their (ii) economic freedoms, and allowing themselves (iii) greater fiscal flexibility and (iv) more exchange rate stability. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2018/266 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/266/001.2018.issue-266-en.xml IMF e-Library