Escape from money

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Escape from money - the phenomenon of a sharp drop in demand for money as a result of high inflation.

In a high inflation economy, keeping money is unprofitable. Decrease in the real value of money prompts the population and businesses to make alternative ways to accumulate assets to minimize losses.

If the interest rates are higher than inflation, the main effect of the escape from money may be increased interest in bank deposits. In extreme cases, the escape from money may result in a shift to foreign exchange or an increase in the importance of barter. Bibliography

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