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Asia and Pacific > India

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Investments: Options x
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Cover IMF Working Papers
The Structure and Operation of the World Gold Market
Mr. M. G O'Callaghan
This paper describes the structure of the world gold market, its sources of supply and demand, and how it functions. The market has three principal functions in three major locations: the New York futures market speculates on spot prices, which are largely determined in London, whereas physical gold is in large part shipped through Zurich. The market is dominated by large suppliers and gold holders, including monetary authorities. Some unique characteristics of the gold market ensure confidentiality, and as a result, there are gaps in existing knowledge and data. The paper identifies and attempts to fill these gaps.
Keywords:
WP; gold market; options contract; spot price; paper gold; clearing house; strike price; bullion market; market participant; Gold; Commodity markets; Gold prices; Options; Gold reserves; North America; Middle East; Northern Europe; Europe; Africa
Cover Finance & Development
Finance & Development, December 1985
International Monetary Fund. External Relations Dept.
This paper elaborates the introduction of surveillance that gave the IMF broader responsibilities with respect to oversight of its members’ policies than existed under the par value system. The IMF’s purview has been broadened under the new system but, by the same token, its members are no longer obliged to seek its concurrence in changes in exchange rates. The continuing volatility of exchange rates, and their prolonged divergence from levels that appear to be sustainable over time, have been matters of growing concern.
Keywords:
FD; F&D; exchange rate; country; oil exporter; market; grain consumption; publication policy; foreign currency option; cereal production; Exchange rates; Options; Agricultural commodities; Food security; Government debt management; Sub-Saharan Africa; South Asia; Global; East Asia; Middle East