Is there a paradox of indirect convertibility?: An article from: Southern Economic Journal

This digital document is an article from Southern Economic Journal, published by Southern Economic Association on July 1, 1994. The length of the article is 6409 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Previous research have pointed to a paradox blocking the progress of systems that allow only indirect convertibility of money. Economist Knut Wicksell was the first to point out the existence of the paradox, arguing that a system of indirect convertibility would collapse in case of an increase in gold's relative price. However, certain macroeconomic concerns that would have rebutted the existence of a paradox against systems of indirect convertibility were ignored by Wicksell and other researchers who came after him.

Citation Details
Title: Is there a paradox of indirect convertibility?
Author: W. William Woolsey
Publication:Southern Economic Journal (Refereed)
Date: July 1, 1994
Publisher: Southern Economic Association
Volume: v61 Issue: n1 Page: p85(11)

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