In the narrower sense, the sum of the reserves of foreign exchange and gold held by all the world’s central banks. – In the broader definition, all holdings of foreign exchange and gold reported in the possession of banks and households are also included. Accurate statistical coverage in the sense of is fraught with many difficulties. – Cf. Financial Stability Report 2013, pp. 35 ff: (Dangers of ample global liquidity; overviews).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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