Add to ORKGUsing a model of dynamic conditional correlations covering 23 years of weekly data for 16 major dollar-paired exchange rates, this paper addresses a practical investment question: Does gold act as a hedge against the US dollar, as a safe haven, or neither? Key findings are as follows. (i) During the past 23 years gold has behaved as a hedge against the US dollar. (ii) Gold has been a poor safe haven. (iii) In recent years gold has acted, increasingly, as an effective hedge against currency risk associated with the US dollar.Exchange rates Gold Hedge Dynamic conditional correlation
The 2008 financial crisis refocused investors’ attention to several safe-haven assets, mostnotably g...
This paper examines the dynamic relationships between gold and stock markets in China. Using daily g...
This paper attempts to reconcile an apparent contradiction between short-run and long-run movements ...
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Gold’s ability to retain its real value in times of uncertainty and financial turmoil has long been ...
The main goal of this study is to examine what factors influence gold volatility and to investigate ...
Abstract This paper uses the panel data of 15 countries from 2009 to 2020 to construct the time-vary...
We address the issue of whether the dollar (US dollar) price of gold can be used to hedge the extern...
Is gold a hedge, defined as a security that is uncorrelated with stocks or bonds on average, or is i...
In recent years, uncertainty in financial markets has stimulated the need to explore alternative ave...
Gold is regarded as "safe haven" for most investors due to its stable movement over the long run. Th...
The aim of this paper is to examine the role of gold in the global financial system. We test the hyp...
Gold is regarded as “safe haven” for most investors due to its stable movement over the long run. Th...
Gold is regarded as safe haven for most investors due to its stable movement over the long run. This...
During times of market turmoil, investors often seek to mitigate risks associated with traditional i...
The 2008 financial crisis refocused investors’ attention to several safe-haven assets, mostnotably g...
This paper examines the dynamic relationships between gold and stock markets in China. Using daily g...
This paper attempts to reconcile an apparent contradiction between short-run and long-run movements ...
<div class="page" title="Page 1"><div class="section"><div class="layoutArea"><div class="column"><p...
Gold’s ability to retain its real value in times of uncertainty and financial turmoil has long been ...
The main goal of this study is to examine what factors influence gold volatility and to investigate ...
Abstract This paper uses the panel data of 15 countries from 2009 to 2020 to construct the time-vary...
We address the issue of whether the dollar (US dollar) price of gold can be used to hedge the extern...
Is gold a hedge, defined as a security that is uncorrelated with stocks or bonds on average, or is i...
In recent years, uncertainty in financial markets has stimulated the need to explore alternative ave...
Gold is regarded as "safe haven" for most investors due to its stable movement over the long run. Th...
The aim of this paper is to examine the role of gold in the global financial system. We test the hyp...
Gold is regarded as “safe haven” for most investors due to its stable movement over the long run. Th...
Gold is regarded as safe haven for most investors due to its stable movement over the long run. This...
During times of market turmoil, investors often seek to mitigate risks associated with traditional i...
The 2008 financial crisis refocused investors’ attention to several safe-haven assets, mostnotably g...
This paper examines the dynamic relationships between gold and stock markets in China. Using daily g...
This paper attempts to reconcile an apparent contradiction between short-run and long-run movements ...