The Role of Gold in the Global Monetary System of the Twenty-first Century

Larisa G. Chuvakhina ()
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Larisa G. Chuvakhina: Financial University under the Government of the Russian Federation

Finansovyj žhurnal — Financial Journal, 2013, issue 3, 29-36

Abstract: The author analyses monetary and industrial demand of gold, the activity of the central banks in the gold market. It describes the policy of the world's major producers and consumers of gold. The conclusion is that it is early to speak about the decline of the era of gold. The future of gold depends on the introduction of the supranational global currency.

Keywords: gold; monetary system; financial crisis; gold reserves; supranational world currency (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:130303:p:29-36

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