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...
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| Format: | Article |
| Language: | English |
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Canadian Center of Science and Education
2013
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| 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 |