How billionaires become valuable millionaires ? : psychological impact of redenomination on economy
Joint Authors
Radwan Allah, Muhammad
Tahir, Safdar Husayn
Atiq, Aishah
Shehzadi, Iqra
Source
Global Journal of Economics and Business
Issue
Vol. 3, Issue 2 (30 Oct. 2017), pp.217-228, 12 p.
Publisher
Refaad Center for Studies and Research
Publication Date
2017-10-30
Country of Publication
Jordan
No. of Pages
12
Main Subjects
Financial and Accounting Sciences
Abstract EN
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
American Psychological Association (APA)
Radwan Allah, Muhammad& Tahir, Safdar Husayn& Atiq, Aishah& Shehzadi, Iqra. 2017. How billionaires become valuable millionaires ? : psychological impact of redenomination on economy. Global Journal of Economics and Business،Vol. 3, no. 2, pp.217-228.
https://search.emarefa.net/detail/BIM-950461
Modern Language Association (MLA)
Radwan Allah, Muhammad…[et al.]. How billionaires become valuable millionaires ? : psychological impact of redenomination on economy. Global Journal of Economics and Business Vol. 3, no. 2 (2017), pp.217-228.
https://search.emarefa.net/detail/BIM-950461
American Medical Association (AMA)
Radwan Allah, Muhammad& Tahir, Safdar Husayn& Atiq, Aishah& Shehzadi, Iqra. How billionaires become valuable millionaires ? : psychological impact of redenomination on economy. Global Journal of Economics and Business. 2017. Vol. 3, no. 2, pp.217-228.
https://search.emarefa.net/detail/BIM-950461
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 228
Record ID
BIM-950461
