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This paper describes the structure of the world gold market, its sources of supply and demand, and how it functions …. The paper examines the composition and origin of physical stocks of gold, their flows, and their market destination and … also reviews the operation of bullion and paper gold markets …
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Russia entered the crisis with low potential growth but strong macroeconomic policy frameworks and significant buffers. Policy space allowed the authorities to mount a sizeable public health and countercyclical response to the crisis, which has helped limit the economic downturn. Nevertheless,...
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Azerbaijan faced unprecedented challenges in 2020. The combined COVID-19 and oil price shocks pushed the economy into recession. A sizeable relief package helped cushion the economic impact from this shock, and the economy has started to recover. Yet the medium-term outlook remains subdued. The...
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