Monetary overhang is a phenomenon in which people have money holdings because of a lack of ability to spend them. This is a phenomenon often present with repressed inflation and was common in
centrally planned economies
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, parti ...
like the
Soviet Union.
The Soviet Union experienced monetary overhang from the mid-1980s onwards. This was reported by the IMF in 1991.
Subsequent to this report, the
USSR collapsed.
References
Inflation
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