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Journal Article
Monetary effects of the treasury sale of gold
AUTHORS: Burger, Albert E.
DATE: 1975-01
Journal Article
An appropriate international currency - gold, dollars, or SDRs?
AUTHORS: Keran, Michael W.
DATE: 1972-08
Working Paper
Implied volatility from options on gold futures: do statistical forecasts add value or simply paint the lilly?
Consistent with findings in other markets, implied volatility is a biased predictor of the realized volatility of gold futures. No existing explanation?including a price of volatility risk?can completely explain the bias, but much of this apparent bias can be explained by persistence and estimation error in implied volatility. Statistical criteria reject the hypothesis that implied volatility is informationally efficient with respect to econometric forecasts. But delta hedging exercises indicate that such econometric forecasts have no incremental economic value. Thus, statistical measures of bias and information efficiency are misleading measures of the information content of option prices.
AUTHORS: Neely, Christopher J.
DATE: 2004
Working Paper
U.S. intervention during the Bretton Wood Era:1962-1973
By the early 1960s, outstanding U.S. dollar liabilities began to exceed the U.S. gold stock, suggesting that the United States could not completely maintain its pledge to convert dollars into gold at the official price. This raised uncertainty about the Bretton Woods parity grid, and speculation seemed to grow. In response, the Federal Reserve instituted a series of swap lines to provide central banks with cover for unwanted, but temporary accumulations of dollars and to provide foreign central banks with dollar funds to finance their own interventions. The Treasury also began intervening in the market. The operations often forestalled gold losses, but in so doing, delayed the need to solve Bretton Woods? fundamental underlying problems. In addition, the institutional arrangements forged between the Federal Reserve and the U.S. Treasury raised important questions bearing on Federal Reserve independence.
AUTHORS: Humpage, Owen F.; Schwartz, Anna J.; Bordo, Michael D.
DATE: 2011
Journal Article
Gold, capital flow, and foreign trade in 1941
AUTHORS: anonymous
DATE: 1941-05
Journal Article
International gold and dollar flows
AUTHORS: anonymous
DATE: 1957-03
Journal Article
Gold and dollar transfers in 1960
AUTHORS: anonymous
DATE: 1961-03
Journal Article
The gold problem today
AUTHORS: Goldenweiser, E. A.
DATE: 1940-01
Journal Article
International gold and dollar flows
AUTHORS: anonymous
DATE: 1958-03
Journal Article
Recent gold movements: French financial developments
AUTHORS: anonymous
DATE: 1937-08