Journal Article Gresham's Law and the Demand for NRU's and SDR's Get access Henry N. Goldstein Henry N. Goldstein University of Oregon Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 83, Issue 1, February 1969, Pages 163–166, https://doi.org/10.2307/1884000 Published: 01 February 1969

I. The rationale for official intervention, 443. — II. Aliber's rebuttal of the common-sense view that intervention is unwise if the authorities themselves believe parities may be changed, 445. — III. The case of a nonreserve-currency country, 446. — IV. Losses to speculators vs. the devaluation profit, 451.—V. The special case of the dollar, 452. — VI. Summary and conclusion, 454.