The Gibson paradox: real gold, interest rates and prices
This paper aims to provide an analysis and explanation of the curious empirical relationships that exist between the price of gold, the interest rate and commodity prices, operating under the English 19th century fractional reserve gold standard and the modern American fractional reserve fiat pape...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Canadian Center of Science and Education
2013
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/44659/ http://irep.iium.edu.my/44659/ http://irep.iium.edu.my/44659/ http://irep.iium.edu.my/44659/1/Abdullah%2C_13-4%2C_Gibson.pdf |
| id |
iium-44659 |
|---|---|
| recordtype |
eprints |
| spelling |
iium-446592015-09-14T01:49:53Z http://irep.iium.edu.my/44659/ The Gibson paradox: real gold, interest rates and prices Abdullah, Adam HB Economic Theory This paper aims to provide an analysis and explanation of the curious empirical relationships that exist between the price of gold, the interest rate and commodity prices, operating under the English 19th century fractional reserve gold standard and the modern American fractional reserve fiat paper standard, known as the Gibson Paradox. This paper argues that the value and purchasing power of the British pound and American dollar are managed in relation to their rate of exchange with gold and the real rate of interest, such that, changes in the general level of prices are the effect and not the cause. Canadian Center of Science and Education 2013-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/44659/1/Abdullah%2C_13-4%2C_Gibson.pdf Abdullah, Adam (2013) The Gibson paradox: real gold, interest rates and prices. International Business Research, 6 (4). pp. 32-44. ISSN 1913-9004 http://dx.doi.org/10.5539/ibr.v6n4p32 10.5539/ibr.v6n4p32 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
HB Economic Theory |
| spellingShingle |
HB Economic Theory Abdullah, Adam The Gibson paradox: real gold, interest rates and prices |
| description |
This paper aims to provide an analysis and explanation of the curious empirical relationships that exist between
the price of gold, the interest rate and commodity prices, operating under the English 19th century fractional
reserve gold standard and the modern American fractional reserve fiat paper standard, known as the Gibson
Paradox. This paper argues that the value and purchasing power of the British pound and American dollar are
managed in relation to their rate of exchange with gold and the real rate of interest, such that, changes in the
general level of prices are the effect and not the cause. |
| format |
Article |
| author |
Abdullah, Adam |
| author_facet |
Abdullah, Adam |
| author_sort |
Abdullah, Adam |
| title |
The Gibson paradox: real gold, interest rates and prices |
| title_short |
The Gibson paradox: real gold, interest rates and prices |
| title_full |
The Gibson paradox: real gold, interest rates and prices |
| title_fullStr |
The Gibson paradox: real gold, interest rates and prices |
| title_full_unstemmed |
The Gibson paradox: real gold, interest rates and prices |
| title_sort |
gibson paradox: real gold, interest rates and prices |
| publisher |
Canadian Center of Science and Education |
| publishDate |
2013 |
| url |
http://irep.iium.edu.my/44659/ http://irep.iium.edu.my/44659/ http://irep.iium.edu.my/44659/ http://irep.iium.edu.my/44659/1/Abdullah%2C_13-4%2C_Gibson.pdf |
| first_indexed |
2023-09-18T21:03:28Z |
| last_indexed |
2023-09-18T21:03:28Z |
| _version_ |
1777410777603375104 |