Global Journal of Economics and Business

Volume 3 - Issue 2 (2) | PP: 217 - 228 Language : English
DOI :
450
38

How Billionaires Become Valuable Millionaires? Psychological Impact of Redenomination on Economy

Muhammad Rizwan Ullah ,
Safdar Husain Tahir ,
Ayesha Ateeque ,
Iqra Shehzadi
Received Date Revised Date Accepted Date Publication Date
2/10/2017 6/11/2017 28/11/2017 2/12/2017
Abstract
The study aims to investigate the psychological impact of deleting zeroes from the value of national currency. The data were collected from five countries: Israel, Argentina, Poland, Turkey and Brazil to investigate the impact of deleting zeroes. Line graphs and simple percentages were used to analyze the impact of redenomination on inflation. The results revealed almost positive impact of redenomination on economy in all cases. Negative impacts were found only in two events of the countries i.e. Argentina and Brazil in 1983 and 1996 respectively. It was concluded that the redenomination can be used to create value and to control inflation.


How To Cite This Article
Ullah , M. R.Tahir , S. H.Ateeque , A. & , I. S. (2017). How Billionaires Become Valuable Millionaires? Psychological Impact of Redenomination on Economy . Global Journal of Economics and Business, 3 (2), 217-228,

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