Money in occupied New Orleans, 1862–1868: A test of Selgin’s “salvaging” of Gresham’s Law

Pecquet, Gary M.; Thies, Clifford F.

doi:10.1007/s11138-009-0090-8

Rev Austrian Econ

2009

DOI: 10.1007/s11138-009-0090-8

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Money in occupied New Orleans, 1862–1868: A test of Selgin’s “salvaging” of Gresham’s Law

Gary M. Pecquet

Clifford F. Thies

Abstract: Gresham’s law, Tax-backing theory of money, New Orleans, Reconstruction, E41, E65,

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Cited by 5 publications

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The wild card: colonial paper money in French North America, 1685 to 1719

Cutsinger

Geloso

Bédard³

2021

European Review of Economic History

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We use the first French experiment with playing card money in its colony of Quebec between 1685 and 1719 to illustrate the link between legal tender restrictions and the price level. Initially, the quantity of playing card money and the government’s poor fiscal condition appears to have had little effect on prices. After 1705, however, the playing card money became inflationary. We argue that this was caused by the government’s increased enforcement of the legal tender laws and the adoption of a redemption plan intended to remove the notes from circulation.

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The wild card: colonial paper money in French North America, 1685 to 1719

Cutsinger

Geloso

Bédard³

2021

European Review of Economic History

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show abstract

The Wild Card: Colonial Paper Money in French North America, 1685 to 1719

2017

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Monetary Famine, Paper Money, and International Constraints on Economic Growth: The Case of Colonial Quebec

Geloso

Mathy

2021

SSRN Journal

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Money in occupied New Orleans, 1862–1868: A test of Selgin’s “salvaging” of Gresham’s Law

Abstract: Gresham’s law, Tax-backing theory of money, New Orleans, Reconstruction, E41, E65,

Cited by 5 publications

References 12 publications

The wild card: colonial paper money in French North America, 1685 to 1719

The wild card: colonial paper money in French North America, 1685 to 1719

The Wild Card: Colonial Paper Money in French North America, 1685 to 1719

Monetary Famine, Paper Money, and International Constraints on Economic Growth: The Case of Colonial Quebec

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