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| | Zaire's Hyperinflation, 1990-96 |
 | | From 56 percent in 1989, the annual increase in consumer prices surged to 256 percent in 1990, 2,500-4,500 percent during 1991-93, and 10,000 percent in 1994, before returning to 370 percent in 1995 and 657 percent in 1996. |
 | | The roots of hyperinflation in Zare were essentially political, as the collapse of the traditional form of government was accompanied by an explosion in government spending and dwindling revenue collections. |
 | | The model is estimated for 1990-96, and the dynamics of hyperinflation are analyzed through a series of simulations. |
| www.eldis.org /static/DOC3909.htm (238 words) |
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