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Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-22613
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dc.contributor.authorHartwell, Christopher A.-
dc.date.accessioned2021-06-10T14:27:11Z-
dc.date.available2021-06-10T14:27:11Z-
dc.date.issued2019-
dc.identifier.issn0167-2681de_CH
dc.identifier.urihttps://digitalcollection.zhaw.ch/handle/11475/22613-
dc.description.abstractMonetary policies follow a complex and chaotic process, one that is enhanced when monetary growth is taken to the extreme, as in hyperinflation. While we have a basic understanding of the complex dynamics of hyperinflation, a less-explored phenomenon accompanying hyperinflationary episodes is the effect that they have on institutional development. Building on recent advances in economic history examining monetary policy and institutions, this analysis uses more explicit recourse to complexity theory and in particular complex adaptive systems to examine two separate hyperinflationary episodes in Hungary, 1923 and 1946. Delving into the institutional and cultural roots of the inflationary policies of the Hungarian government and detailing the institutional effects which succeeded hyperinflation, this paper shows that the twin experiences of Hungary were both chaotic and created a chaotic and complex aftermath, the results of which are still being felt. Indeed, Hungary's 1923 and especially its 1946 hyperinflation shows that some economic chaos cannot be restrained by political institutions and in fact the institutions themselves were changed. When staring into the abyss, Hungary also found that the abyss stared back.de_CH
dc.language.isoende_CH
dc.publisherElsevierde_CH
dc.relation.ispartofJournal of Economic Behavior & Organizationde_CH
dc.rightshttp://creativecommons.org/licenses/by-nc-nd/4.0/de_CH
dc.subjectChaosde_CH
dc.subjectComplex adaptive systemde_CH
dc.subjectHungaryde_CH
dc.subjectHyperinflationde_CH
dc.subject.ddc332: Finanzwirtschaftde_CH
dc.titleShort waves in Hungary, 1923 and 1946 : persistence, chaos, and (lack of) controlde_CH
dc.typeBeitrag in wissenschaftlicher Zeitschriftde_CH
dcterms.typeTextde_CH
zhaw.departementSchool of Management and Lawde_CH
zhaw.organisationalunitInternational Management Institute (IMI)de_CH
dc.identifier.doi10.1016/j.jebo.2019.05.003de_CH
dc.identifier.doi10.21256/zhaw-22613-
zhaw.funding.euNode_CH
zhaw.originated.zhawNode_CH
zhaw.pages.end550de_CH
zhaw.pages.start532de_CH
zhaw.publication.statusacceptedVersionde_CH
zhaw.volume163de_CH
zhaw.embargo.end2022-05-31de_CH
zhaw.publication.reviewPeer review (Publikation)de_CH
zhaw.webfeedW: Spitzenpublikationde_CH
zhaw.author.additionalNode_CH
zhaw.display.portraitYesde_CH
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Hartwell, C. A. (2019). Short waves in Hungary, 1923 and 1946 : persistence, chaos, and (lack of) control. Journal of Economic Behavior & Organization, 163, 532–550. https://doi.org/10.1016/j.jebo.2019.05.003
Hartwell, C.A. (2019) ‘Short waves in Hungary, 1923 and 1946 : persistence, chaos, and (lack of) control’, Journal of Economic Behavior & Organization, 163, pp. 532–550. Available at: https://doi.org/10.1016/j.jebo.2019.05.003.
C. A. Hartwell, “Short waves in Hungary, 1923 and 1946 : persistence, chaos, and (lack of) control,” Journal of Economic Behavior & Organization, vol. 163, pp. 532–550, 2019, doi: 10.1016/j.jebo.2019.05.003.
HARTWELL, Christopher A., 2019. Short waves in Hungary, 1923 and 1946 : persistence, chaos, and (lack of) control. Journal of Economic Behavior & Organization. 2019. Bd. 163, S. 532–550. DOI 10.1016/j.jebo.2019.05.003
Hartwell, Christopher A. 2019. “Short Waves in Hungary, 1923 and 1946 : Persistence, Chaos, and (Lack of) Control.” Journal of Economic Behavior & Organization 163: 532–50. https://doi.org/10.1016/j.jebo.2019.05.003.
Hartwell, Christopher A. “Short Waves in Hungary, 1923 and 1946 : Persistence, Chaos, and (Lack of) Control.” Journal of Economic Behavior & Organization, vol. 163, 2019, pp. 532–50, https://doi.org/10.1016/j.jebo.2019.05.003.


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