them to mutualise their gold reserves in emergency situations. Gold reserve sharing was especially important in response to … union. But fortunes could change quickly, with emergency recipients of gold turning into providers. Because regional …

Economic theory predicts that, in a small open economy, the dynamics of the real price of gold should be linked to real …-ofsample the rate of change of the real price of gold. We study the economic value-added of out-of-sample forecasts using a …