Central banks hold gold reserves that are designed to build confidence in fiat currency. This confidence is undermined … if the price of gold falls significantly or rises significantly. Central banks thus have an incentive to manage the price … of gold. Such management is evident in fixed gold prices in the early 20th century, in Central Bank Gold Agreements more …

In this paper we analyze the effect of central bank gold holdings on government bonds and exchange rates. We test the … hypothesis that gold reserves build trust and thus reduce government bond yields and exchange rate volatility. The econometric … hypothesis". Consequently, we are also sceptical about proposals to use gold as collateral for newly issued government debt …

. The share of gold in the total foreign exchange reserves is very high in the US and in the Europe. But, the Asian … economies hold a very low proportion of their foreign exchange reserves in gold. This paper analyses the trends in the … accumulation and sources of accretion of Indian foreign exchange reserves from the view point of if India should increase its gold …

Something has gone terribly wrong with the world's monetary system. It's evident that some kind of fundamental reform … right to redeem in either gold or dollars. This article provides details on how TTBs would be structured and how they might … based on limited government, low taxes, rule of law, and global free trade. Linking the dollar to gold through TTBs would be …

This article examines the negative relationship between gold and the US dollar. It considers the argument that a weaker … dollar makes gold cheaper, increases demand for gold, which in turn drives up the price, giving gold and the dollar their …

Why did monetary authorities hold large gold reserves under Bretton Woods (1944-1971) when only the US had to? We argue … that gold holdings were driven by institutional memory and persistent habits of central bankers. Countries continued to … back currency in circulation with gold reserves, following rules of the pre-WWII gold standard. The longer an institution …

We study the curious patterns of gold holding and trading by central banks during 1979-2010. With the exception of … several discrete step adjustments, central banks keep maintaining passive stocks of gold, independently of the patterns of the … real price of gold. We also observe the synchronization of gold sales by central banks, as most reduced their positions in …