Baur, Dirk G.; Gopalakrishnan, Balagopal; Mohapatra, Sanket - 2021
This paper analyzes the demand for jewelry, bars & coins, and gold ETFs across high-income and middle-income countries …. We employ a simultaneous equations model that allows a joint determination of the various categories of gold demand and … find significant differences across gold demand categories and across countries. Jewelry and bars & coins demand are …