Ефекти на ценовата динамика на златото върху балансовите позиции на централните банки
Effects of Gold Price Dynamics on Central Bank Balance Sheet Positions

Author(s): Raya Dragoeva
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Economic policy, EU-Approach / EU-Accession / EU-Development, Financial Markets, Public Finances
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: centrals banks; balance sheet positions; gold reserves
Summary/Abstract: The price growth of investment gold in 2025 is a major factor in positive changes in the balance sheet positions of central banks. With net purchase policies, a number of central banks are multiplying this effect. On this basis, the balance sheet positions of central banks are determined as the object of research, and the subject is their gold reserves in the period 2020- 2025. The purpose of the report is to establish the direct effect on the balance sheet positions of the Bulgarian National Bank, as a result of the price revaluation of available gold reserves and the net purchase policy, including in connection with the country's admission to the Eurozone, supported by identical policies by other central banks.

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