从wiki上查到一段话,从流通的角度举了个例子
Gresham's Law comes into play, when several types of money have a conversion ratio specified by legal tender laws, different from their market price.
For example, let's say the law sets the ratio at 20 ounces of silver for one ounce of gold; but the market price of gold is only 15 ounces of silver. Any contract or debt in silver can be now paid in gold. So instead of expending 20 silver, the debtor will buy an ounce of gold for 15 ounces of silver. As a result, no one will be willing to enter a contract quoted in silver.
The undervalued money will vanish from the market, bringing down prices quoted in it. Those still using it will likely find themselves in trouble, because they made debts and investments under the old price level and expected their incomes to be correspondingly higher. The 'good money' will be held by the users of money, or sold into other countries, where the local laws do not apply. This exchange of currencies takes time, while the supply of money shrinks. This produces a temporary deflationary effect.[1]
The Law is a special case of the usual effects of price controls by government: in this case, the government’s artificial fixing of an exchange rate between two or more moneys creates a shortage of the artificially under-valued money and a surplus of the over-valued money.[2]