Author information:
Ádám Banai: Magyar Nemzeti Bank, Executive Director. E-mail: banaia@mnb.hu
Pál Péter Kolozsi: Magyar Nemzeti Bank, Director. E-mail: kolozsip@mnb.hu
Sándor Ladányi: Magyar Nemzeti Bank, Head of Department. E-mail: ladanyis@mnb.hu
Abstract:
This article follows the change and evolution of the role of gold in the modern economy. It points out the current resurgence of its reserve asset function and the reasons for this, including, in particular, the centuries-old trust in it and its credit-risk-free nature at a time when the FinTech revolution is challenging both the legitimacy of the forms of money we know at present, and the role of the state.
Cite as (APA):
Banai, Á., Kolozsi, P. P., & Ladányi, S. (2021). The Role of Gold in the Digital Age. Financial and Economic Review, 20(3), 138–146. https://hitelintezetiszemle.mnb.hu/en/fer-20-3-a2-banai-kolozsi-ladanyi
Column:
Feature Article - Market Megatrends