The issue of Gresham's law in the late Chosun Korea is addressed. Available historical records are interpreted to provide evidence that undervalued money was taken out of circulation because of both the legal tender law and Rolnick and Weber's law. Later, however, undervalued money replaced overvalued money because of the inflationary effect of the latter.
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Volume (Year): 11 (2004) Issue (Month): 15 (December) Pages: 979-984 Download reference. The following formats are available: HTML
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