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Legal history of money: Gresham's law - there is no stable currency

Željko Ivanković

Puni tekst: engleski, pdf (322 KB) str. 64-84 preuzimanja: 184* citiraj
APA 6th Edition
Ivanković, Ž. (2016). Legal history of money: Gresham's law - there is no stable currency. Politička misao, 53 (2), 64-84. Preuzeto s https://hrcak.srce.hr/169143
MLA 8th Edition
Ivanković, Željko. "Legal history of money: Gresham's law - there is no stable currency." Politička misao, vol. 53, br. 2, 2016, str. 64-84. https://hrcak.srce.hr/169143. Citirano 05.07.2020.
Chicago 17th Edition
Ivanković, Željko. "Legal history of money: Gresham's law - there is no stable currency." Politička misao 53, br. 2 (2016): 64-84. https://hrcak.srce.hr/169143
Harvard
Ivanković, Ž. (2016). 'Legal history of money: Gresham's law - there is no stable currency', Politička misao, 53(2), str. 64-84. Preuzeto s: https://hrcak.srce.hr/169143 (Datum pristupa: 05.07.2020.)
Vancouver
Ivanković Ž. Legal history of money: Gresham's law - there is no stable currency. Politička misao [Internet]. 2016 [pristupljeno 05.07.2020.];53(2):64-84. Dostupno na: https://hrcak.srce.hr/169143
IEEE
Ž. Ivanković, "Legal history of money: Gresham's law - there is no stable currency", Politička misao, vol.53, br. 2, str. 64-84, 2016. [Online]. Dostupno na: https://hrcak.srce.hr/169143. [Citirano: 05.07.2020.]
Puni tekst: hrvatski, pdf (322 KB) str. 64-84 preuzimanja: 290* citiraj
APA 6th Edition
Ivanković, Ž. (2016). Pravna povijest novca: Greshamov zakon ili - nema stabilnog novca. Politička misao, 53 (2), 64-84. Preuzeto s https://hrcak.srce.hr/169143
MLA 8th Edition
Ivanković, Željko. "Pravna povijest novca: Greshamov zakon ili - nema stabilnog novca." Politička misao, vol. 53, br. 2, 2016, str. 64-84. https://hrcak.srce.hr/169143. Citirano 05.07.2020.
Chicago 17th Edition
Ivanković, Željko. "Pravna povijest novca: Greshamov zakon ili - nema stabilnog novca." Politička misao 53, br. 2 (2016): 64-84. https://hrcak.srce.hr/169143
Harvard
Ivanković, Ž. (2016). 'Pravna povijest novca: Greshamov zakon ili - nema stabilnog novca', Politička misao, 53(2), str. 64-84. Preuzeto s: https://hrcak.srce.hr/169143 (Datum pristupa: 05.07.2020.)
Vancouver
Ivanković Ž. Pravna povijest novca: Greshamov zakon ili - nema stabilnog novca. Politička misao [Internet]. 2016 [pristupljeno 05.07.2020.];53(2):64-84. Dostupno na: https://hrcak.srce.hr/169143
IEEE
Ž. Ivanković, "Pravna povijest novca: Greshamov zakon ili - nema stabilnog novca", Politička misao, vol.53, br. 2, str. 64-84, 2016. [Online]. Dostupno na: https://hrcak.srce.hr/169143. [Citirano: 05.07.2020.]

Sažetak
The paper describes money as a legal phenomenon, which means that stakeholders use money to allocate resources and manage social relations. In this understanding money creates markets and not vice versa. The system of money creation called free minting, which was common in England from the 12th to the 14th century, is described. Three constraints of commodity money are explained and the nominalism – metalism dilemma is analysed. The focus of the analysis is on Gresham’s law and the problem of liquidity of commodity money. The similarity between medieval commodity money and a modern concept of commodity money in the book The Denationalization of Money by Friedrich von Hayek is shown. The conclusion is that the market mechanism cannot solve the problem of liquidity without social agents not included in the market exchange. Since the common European currency is to some degree similar to the gold standard, the same conclusion works for the euro.

Ključne riječi
Commodity Money; Gresham’s Law; Christine Desan; Hayek; Euro

Hrčak ID: 169143

URI
https://hrcak.srce.hr/169143

[hrvatski]

Posjeta: 1.016 *