[
Abduloev, I., Epstein, G., Gang, I. (2020). A Downside to the Brain Gain Story. ECONOMICS-Innovative and Economics Research Journal, 8(2),9-20. https://doi.org/10.2478/eoik-2020-0017
]Search in Google Scholar
[
Agemoglu, D., Yared, P. (2010). Political Limits to Globalization. American Economic Review, 100(2),83-88. https://doi.org/10.1257/aer.100.2.83
]Search in Google Scholar
[
Aizenman, J., Inoue, K. (2012). Central Banks and Gold Puzzles. NBER Working Paper, 17894, 1-44. https://www.nber.org/system/files/working_papers/w17894/w17894.pdf
]Search in Google Scholar
[
Aizenman, J., Marion, N. (2004). International Reserve Holding with Sovereign Risk and Costly Tax Collection. Economic Journal, 17, 370-400. https://doi.org/10.2139/ssrn.1288138
]Search in Google Scholar
[
Arslanalp, S., Eichengreen, B., Simpson-Bell, Ch. (2022).The Stealth Erosion of Dollar Dominance: Active Diversifiers and the Rise of Non traditional Reserve Currencies. IMF Working Paper, WP/22/58, 1-42. https://www.imf.org/en/Publications/WP/Issues/2022/03/24/The-Stealth-Erosion-of-Dollar-Dominance-Active-Diversifiers-and-the-Rise-of-Nontraditional-515150
]Search in Google Scholar
[
Arslanalp, S., Eichengreen, B., Simpson-Bell, Ch. (2023). Gold as International Reserves: Barbarius Relic No More? IMF Working Paper, WP/23/14, 1-37. https://www.imf.org/en/Publications/WP/Issues/2023/01/27/Gold-as-International-Reserves-A-Barbarous-Relic-No-More-528089
]Search in Google Scholar
[
Baur, D. G., & Lucey, B. M. (2010). Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds and Gold. Financial Review, 45(2), 217-229. https://doi.org/10.1111/j.1540-6288.2010.00244.x
]Search in Google Scholar
[
Baur, D., Smiles, L. (2020). Hedging Geopolitical Risks with Precious Metals. Journal of Banking & Finance, 117(C). https://doi.org/10.1016/j.jbankfin.2020.105823
]Search in Google Scholar
[
Baur, D.G., McDermott, T.K. (2010). Is gold a safe haven? International evidence. Journal of Banking & Finance, 34, 1886-1898. https://doi.org/10.1016/j.jbankfin.2009.12.008
]Search in Google Scholar
[
Beck, R., Weber, S. (2010). Should Larger reserve Holding Be More Diversified? ECB Working Paper. 1193, 1-48. https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1193.pdf
]Search in Google Scholar
[
Beckmann, J., Berger, T.,& Czudaj, R. (2015). Does gold act as a hedge or a safe haven for stocks? A smooth transition approach. Economic Modelling, 48(C), 16-24. https://doi.org/10.1016/j.econmod.2014.10.044
]Search in Google Scholar
[
Dreher, A., Vaubel, R. (2009). Foreign Exchange Reserves and the Political Business Cycle: A Panel Data Analysis. Journal of International Money and Finance, 28(5), 755-775. https://doi.org/10.1016/j.jimonfin.2008.12.007
]Search in Google Scholar
[
Eichengreen, B., Mehl, A., Chitu, L. (2017). Mars or Mercury? The Geopolitics of International Currency Choice. NBER Working Paper, 24145, 1-49. http://www.nber.org/papers/w24145.pdf
]Search in Google Scholar
[
Emmrich, O., & McGroarty, F. J. (2013). Should gold be included in institutional investment portfolios? Applied Financial Economics, 23(19), 1553–1565. https://doi.org/10.1080/09603107.2013.839858
]Search in Google Scholar
[
Fabris N. (2022). Impact of COVID-19 Pandemic on Financial Innovation, Cashless Society, and Cyber Risk. ECONOMICS- Innovative and Economics Research Journal, 10(1), 73-86. https://doi.org/10.2478/eoik-2022-0002
]Search in Google Scholar
[
Fabris, N., Jesic, M. (2023). Are Gold and Bitcoin a Safe Haven for European Indices? Journal of Central Banking Theory and Practice, 12(1), 27-44. https://doi.org/10.2478/jcbtp-2023-0002
]Search in Google Scholar
[
Ghosh, A. (2016). Determinants of Gold Demanding Reserve Bank of India’s foreign exchange. Economics Bulletin, 36(4), 1929–1937. http://www.accessecon.com/Pubs/EB/2016/Volume36/EB-16-V36-I4-P188.pdf
]Search in Google Scholar
[
Gold Reserves in Central Banks – 2020 Survey Results. (2020). Gold for Central Banking 2020. Central Banking Focus Report, 54-63. https://www.centralbanking.com/gold-for-central-banking-2020
]Search in Google Scholar
[
Gopalakrishnan, B.,& Mohapatra, S. (2017). Global risk and demand for gold by central banks. Applied Economics Letters, 25(12),835-839. https://doi.org/10.1080/13504851.2017.1371837
]Search in Google Scholar
[
Gürgün, G., Ünalmis, I.(2014). Is gold a safe haven against equity market investment in emerging and developing countries? Finance Research Letters, 11(4), 341-348. https://doi.org/10.1016/j.frl.2014.07.003
]Search in Google Scholar
[
Iaccurci G. (2021). Gold as an inflation Hedge? History Suggests Otherwise. https://www.cnbc.com/2021/06/08/gold-as-an-inflation-hedge-history-suggests-otherwise.html
]Search in Google Scholar
[
Jager, K. (2016). The Role of Regime Type in the Political Economy of Foreign Reserves Accumulation. European Journal of Political Economy, 44, 79-96. https://doi.org/10.1016/j.ejpoleco.2016.05.001
]Search in Google Scholar
[
Joahim K. (2015). Facts and Fantasies about Gold. Published in: Facts and Fantasies about Gold, 1(1), 1-12. https://mpra.ub.uni-muenchen.de/64590/
]Search in Google Scholar
[
Koziuk, V. (2021)b. Gold Prices: Does Geopolitical Tensions Really Matter? World of Finance, 2(67), 8-22. https://doi.org/10.35774/sf2021.02.008
]Search in Google Scholar
[
Koziuk, V. (2021)c. Role of Gold in Foreign Exchange Reserves of Commodity Exporting Countries. Journal of European Economy, 20 (2), 211-232. https://doi.org/10.35774/jee2021.02.211
]Search in Google Scholar
[
Koziuk, V. (2021)а. Does Political Regime Matter for Abnormal Hoarding of International Exchange Reserves? Journal of International Studies, 14 (2), 208-227. https://doi.org/10.14254/2071-8330.2021/14-2/14
]Search in Google Scholar
[
Koziuk, V. (2022)a. Drivers of Gold Fraction in Global Exchange Reserves. Journal of European Economy, 21(2),137-153. https://doi.org/10.35774/jee2022.02.137
]Search in Google Scholar
[
Koziuk, V. (2022)b. Central Bank’s Reserves: Is Gold a “safe haven” in case of geopolitical turmoil? Vox Ukraine. https://voxukraine.org/rezervy-tsentrobankiv-chy-ye-zoloto-bezpechnym-aktyvomu-razi-geopolitychnyh-potryasin/
]Search in Google Scholar
[
Leblang, D., Pepinsky, Th. (2008). To Have or to Hoard? The Political Economy of International Reserves. Paper Presented at the 2008 Annual Meetings of the American Political Science Association, Boston, M.A. https://courses.cit.cornell.edu/tp253/docs/ToHaveAndToHoard.pdf
]Search in Google Scholar
[
Mastilo Z., Bozovic N., Mastilo D. (2021). Central Bank in the Development of the National Economy of the Bosnia and Gercegovina. International Letters of Social and Humanistic Sciences, 90, 26-36. https://www.scipress.com/ILSHS.90.26.pdf
]Search in Google Scholar
[
Moghadam Bahrami, S., Bahernia, N. (2021). The political economy of gold in geo-economic evolving conditions. Geopolitics Quarterly, 16(60), 209-233. http://journal.iag.ir/article_110566_378ad9154515db1feda3fcce6e153ca2.pdf?lang=en
]Search in Google Scholar
[
O’Connor, F., Lucey, B., Batten, J., Baur, D. (2015). The Financial Economics of Gold – A Survey. International Review of Financial Analysis, 41, 186-205. https://doi.org/10.1016/j.irfa.2015.07.005
]Search in Google Scholar
[
Oktay, B., Öztunç, H., &Serİn, Z. V. (2016). Determinants of Gold Reserves : An Empirical Analysis for G-7 Countries. Procedia Economics and Finance, 38, 8-16. https://doi.org/10.1016/S2212-5671(16)30172-1
]Search in Google Scholar
[
Qin, M., Su, Chi.-W., Qi, Xi-Zh., Hao, L.-N. (2020). Should Gold Be Stored in Chaotic Eras? Economic Research, 33 (1), 224-242. https://www.tandfonline.com/doi/full/10.1080/1331677X.2019.1661789
]Search in Google Scholar
[
Reboredo, J. (2013)b. Is gold a hedge or safe haven against oil price movements? Resources Policy, 38(2), 130-137. https://doi.org/10.1016/j.resourpol.2013.02.003
]Search in Google Scholar
[
Reboredo, J. (2013)а. Is Gold a Safe Haven or a Hedge for the US Dollar? Implications for Risk Management. Journal of Banking and Finance, 37(8), 2665-2676. https://doi.org/10.1016/j.jbankfin.2013.03.020
]Search in Google Scholar
[
Son, B. (2020). Democracy and Reserves. Foreign Policy Analysis,16(3), 417-437. https://doi.org/10.1093/fpa/orz020
]Search in Google Scholar
[
Sousa Barros, T. (2020). Central Bank’s Gold Reserve: Hedge or Weapon?(No. 152418066) [Doctoral dissertation, Universedada Catolica Portuguese]. Repositório Institucional da Universidade Católica Portuguesa, 1-50. https://repositorio.ucp.pt/bitstream/10400.14/29850/1/152418066_Teresa%20Barros_DPDFA.pdf
]Search in Google Scholar
[
Szayna, Th., O’Mahony, A., Kavanagh, J., Watts, S.,Frederick, B., Norlen, T., Voorhies, Ph. (2017). Conflict Trends and Conflict Drivers: An Empirical Assessment of Historical Conflict Patterns and Future Conflict Projections. Rand Corporation. Santa Monica. California, 286. https://doi.org/10.7249/RR1063
]Search in Google Scholar
[
Zulaica, O. (2020). What Share for Gold? On the Interaction of Gold and Foreign Exchange Reserve Returns. BIS Working Paper, 906, 1-30. https://www.bis.org/publ/work906.pdf
]Search in Google Scholar