The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Gresham’s Law

  • François R. Velde
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_747

Abstract

This article recounts the origin of Gresham’s Law, discusses its theoretical and empirical problems, and presents several refinements that have been proposed.

Keywords

Assignats Asymmetric information Bimetallism Exchange rate indeterminacy Good and bad money Giffen, R. Gresham, T. Gresham’s law Legal tender Seigniorage 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • François R. Velde
    • 1
  1. 1.