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The Role of Gold in the Digital Age

Author

Listed:
  • Adam Banai

    (Magyar Nemzeti Bank)

  • Pal Peter Kolozsi

    (Magyar Nemzeti Bank)

  • Sandor Ladanyi

    (Magyar Nemzeti Bank)

Abstract

This article follows the change and evolution of the role of gold in the modern economy. It points out the current resurgence of its reserve asset function and the reasons for this, including, in particular, the centuries-old trust in it and its credit-riskfree nature at a time when the FinTech revolution is challenging both the legitimacy of the forms of money we know at present, and the role of the state.

Suggested Citation

  • Adam Banai & Pal Peter Kolozsi & Sandor Ladanyi, 2021. "The Role of Gold in the Digital Age," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 20(3), pages 138-146..
  • Handle: RePEc:mnb:finrev:v:20:y:2021:i:3:p:138-146.
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    File URL: https://en-hitelintezetiszemle.mnb.hu/letoltes/fer-20-3-a2-banai-kolozsi-ladanyi.pdf
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    Cited by:

    1. Paweł Kowalewski & Dominik Skopiec, 2023. "Wzrost znaczenia złota w rezerwach dewizowych banków centralnych gospodarek wschodzących," Bank i Kredyt, Narodowy Bank Polski, vol. 54(3), pages 259-284.

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