Wednesday, 4 May 2016

Emerging Markets Should Go for the Gold (Kenneth Rogoff, Project-Syndicate)

Are emerging-market central banks overweight in dollars and underweight in gold? Given a slowing global economy, in which emerging markets are probably very grateful for any reserves they retain, this might seem an ill-timed question. But there is a good case to be made that a shift in emerging markets toward accumulating gold would help the international financial system function more smoothly and benefit everyone.

https://www.project-syndicate.org/commentary/gold-as-emerging-market-reserve-asset-by-kenneth-rogoff-2016-05

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