Gresham's Law, Asset Preferences, and the Demand for International Reserves

Robert Z. Aliber

The Quarterly Journal of Economics, 1967, vol. 81, issue 4, 628-638

Abstract: Introduction, 628. — I. The demand for international reserves under the gold exchange system, 630; adjustment to asset preferences, 630; crisis in the gold exchange standard, 631. — II. The demand for reserves in the IMF system, 631; attributes of reserve assets, 632; ranking of reserve assets, 633 adjustment to asset preferences, 634; changes in asset attributes, 636. — III. Conclusion, 638.

Date: 1967
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