FinObservatory

Crisis atlas / ZWE / 1965–1984

Zimbabwe, 1965–1984

One crisis episode: distinct crisis years merged across gaps of up to two non-crisis years. Types, source agreement, and macro context are drawn from the union of five primary chronologies.

Sovereign debtCurrency

Crisis years in this episode

Every distinct (year, type) event inside the 1965–1984 window, with the chronologies flagging it and the count of agreeing sources. Start-year sources (GMD, JST) mark only the first year, so agreement falls in the continuation years.

  1. 1965
    Sovereign debtgmd, rr2 sources
  2. 1966
    Sovereign debtrr1 source
  3. 1967
    Sovereign debtrr1 source
  4. 1968
    Sovereign debtrr1 source
  5. 1969
    Sovereign debtrr1 source
  6. 1970
    Sovereign debtrr1 source
  7. 1971
    Sovereign debtrr1 source
  8. 1972
    Sovereign debtrr1 source
  9. 1973
    Sovereign debtrr1 source
  10. 1974
    Sovereign debtrr1 source
  11. 1975
    Sovereign debtrr1 source
  12. 1976
    Sovereign debtrr1 source
  13. 1977
    Currencyrr1 source
    Sovereign debtrr1 source
  14. 1978
    Sovereign debtrr1 source
  15. 1979
    Sovereign debtrr1 source
  16. 1980
    Sovereign debtrr1 source
  17. 1982
    Currencyrr1 source
  18. 1983
    Currencygmd, laeven_valencia, rr3 sources
  19. 1984
    Currencyrr1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Laeven-Valencia banking-crisis detail

Laeven-Valencia reports fiscal cost and output loss for systemic banking crises only. This episode involves sovereign debt and currency crises, for which no comparable cost figures exist in the source chronologies.

Macro context, 1958–1991

Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Zimbabwe in this window are shown. Bank credit growth (year over year in total loans) is available for the 18 Jordà-Schularick-Taylor advanced economies.

Inflation (% y/y)
-20020195819651991
Real GDP growth (% y/y)
-100102030195819651991
Govt debt (% of GDP)
0204060195819651991
Unemployment (%)
051015195819651991
Current account (% of GDP)
-10-505195819651991

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 (credit) Real GDP growth is derived as the year-over-year change in real GDP; current account and government debt are percent of GDP; policy rate is the central-bank rate; bank credit growth is the year-over-year change in JST total loans. Methodology

How each source dates this episode

The chronologies disagree on start years and durations. This table is generated from the event rows, not curated: it lists, per crisis type, which source flags which years inside the window.

Sovereign debt
  • Global Macro Database1965
  • Reinhart-Rogoff1965, 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980
Currency
  • Reinhart-Rogoff1977, 1982, 1983, 1984
  • Global Macro Database1983
  • Laeven-Valencia1983

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Policy-response case studies (external)

For qualitative accounts of how authorities intervened in systemic crises, see the Yale Program on Financial Stability New Bagehot Project, a library of financial-crisis intervention case studies. It is a separate qualitative resource; no specific case is asserted to match this episode.