BIS paper explores reasons for large gold reserves
Researcher says giant holdings could be justified, however just for some functions
Giant gold holdings as a part of a central financial institution’s reserves could also be justified however solely underneath explicit circumstances, analysis revealed by the Financial institution for Worldwide Settlements finds.
Omar Zulaica explores the “particular position” that gold performs in portfolios. He seeks to handle a shortcoming within the present literature, which has tended to give attention to metrics which can be much less related for central financial institution reserve managers.
Zulaica focuses on the “co-dependency construction” of gold and fixed-income devices
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