. . . . "Gresham's Law postulates a well-known causality in the economy with two circulating currencies %22the bad currency drives out the good one%22, relating to the market with metal coins with different content of precious metal. The %22bad currency%22 is supposed to be spent, and the %22good currency%22 to be stored. The value of money nowadays, however, is not determined by the content of silver, or other precious metal, but by the exchange rate. This paper studies the impact of nominal exchange rate volatility on banking deposits in two currencies in two parallel currency markets in South America, Chile and Argentina, where the national currency operates along with the US dollar. Using GARCH model we find that increasing volatility of nominal exchange rate affects negatively deposits in national currency and positively deposits in the US dollar, in both countries in the sample. This may be accepted as the %22bad currency drives out the good one%22 application of Gresham's Law to current economic conditi onsl."@en . . "7"^^ . . . "81276" . . "HERY\u00C1N, Tom\u00E1\u0161" . "Is the Gresham\u00B4s law still valid? Evidence from South American dollarized eonomies" . "Slezsk\u00E1 univerzita v Opav\u011B, Obchodn\u011B podnikatelsk\u00E1 fakutla v Karvin\u00E9" . . "Is the Gresham\u00B4s law still valid? Evidence from South American dollarized eonomies" . "RIV/47813059:19520/13:#0002260" . "978-80-7248-892-6" . "Financial Regulation and Supervision in the after - Crisis Period. Proceedings of 13th International Conference on Finance and Banking" . . . "Is the Gresham\u00B4s law still valid? Evidence from South American dollarized eonomies"@en . . . . "1"^^ . . "Gresham's Law postulates a well-known causality in the economy with two circulating currencies %22the bad currency drives out the good one%22, relating to the market with metal coins with different content of precious metal. The %22bad currency%22 is supposed to be spent, and the %22good currency%22 to be stored. The value of money nowadays, however, is not determined by the content of silver, or other precious metal, but by the exchange rate. This paper studies the impact of nominal exchange rate volatility on banking deposits in two currencies in two parallel currency markets in South America, Chile and Argentina, where the national currency operates along with the US dollar. Using GARCH model we find that increasing volatility of nominal exchange rate affects negatively deposits in national currency and positively deposits in the US dollar, in both countries in the sample. This may be accepted as the %22bad currency drives out the good one%22 application of Gresham's Law to current economic conditi onsl." . . "Ostrava" . "2"^^ . "19520" . "RIV/47813059:19520/13:#0002260!RIV14-MSM-19520___" . "I" . "Dollarization; currency substitution; exchange rate volatility; paralel currency"@en . "Kor\u00E1b, Petr" . "Karvin\u00E1" . "Is the Gresham\u00B4s law still valid? Evidence from South American dollarized eonomies"@en . "[3BDB84FAA6F9]" . . "2013-10-16+02:00"^^ .