Most research on illicit financial flows (IFFs) has focused on illicit outflows from developing countries and the role of non-state actors in generating IFFs. Less attention has been paid to processes and interfaces through which IFFs enter formal value chains-in effect being 'legalized' before...

We use wavelet models to surface the relationship between gold miners stock prices and the price of gold. We find that there is little relationship in the short run but some significant and long standing long run relationships. Gold prices appear to lead gold miner stock prices

This paper examines the main drivers of the returns of gold miner stocks and ETFs during 2006-2017. We solve a combined optimal control and stopping problem to demonstrate that gold miner equities behave like real options on gold. Inspired by our proposed model, we construct a method to...

Concerned with rising current account deficit, the government initiated measures to check gold imports, which have dampened demand for gold. With continued worldwide economic uncertainty, total demand for gold is likely to remained heightened. Unfortunately, this has a significant detrimental...