Miyazaki, Takashi; Hamori, Shigeyuki - In: International Journal of Financial Research 5 (2014) 4, pp. 90-97
This paper investigates the long-run relationship between gold and three main financial variables based on daily data … relation with regime shift between gold and the three financial variables, namely the short-term interest rate, value of US … the dynamic ordinary least squares estimation and find that the coefficients of most of the financial variables have grown …