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Persistent link: https://www.econbiz.de/10003465236
We examine contagion and flight-to-quality phenomena implied by carry strategies. More specifically, we analyze correlation dynamics between returns on a global equity index and returns on an investment strategy with a long position in high-yield and a short position in low-yield markets....
Persistent link: https://www.econbiz.de/10014051064
The Soviet Union has good prospects of becoming the dominant supplier of gold in the world, for its own mining reserves …
Persistent link: https://www.econbiz.de/10011556764
This paper describes the structure of the world gold market, its sources of supply and demand, and how it functions …. The paper examines the composition and origin of physical stocks of gold, their flows, and their market destination and … also reviews the operation of bullion and paper gold markets …
Persistent link: https://www.econbiz.de/10014404985
Persistent link: https://www.econbiz.de/10015046874
The perception about gold in India has come a long way from the days when its main function was to merely adorn and act … realizing that gold deserves a place not just in the cupboard at home or the bank locker, but also in their investment portfolio …. Gold purchases in India accounted for 32 per cent of the global total in 2010. However, in the near term, gold consumption …
Persistent link: https://www.econbiz.de/10014153003
Commodities have attracted considerable interest as a financial investment in recent years. This article discusses the factors behind their growing appeal and assesses the extent to which market characteristics, such as price volatility, have changed as a result. The feature concludes that...
Persistent link: https://www.econbiz.de/10013094773
This paper studies the microfoundations of the so-called "gold device" policy by analysing a new dataset on the Bank of … England's operations in the gold market at the heyday of the classical gold standard. It explains that "gold devices" must be … understood in connection to the Bank's role as gold market-maker in London and to the position of London as world gold market …
Persistent link: https://www.econbiz.de/10013081353
The Gold Pool (1961-1968) was one of the most ambitious cases of central bank cooperation in history. Major central … banks pooled interventions – sharing profits and losses – to stabilize the dollar price of gold. Why did it collapse? From …
Persistent link: https://www.econbiz.de/10012943606
gold and copper discoveries worldwide during 1950-2014. The study employs standard parametric and nonparametric duration …
Persistent link: https://www.econbiz.de/10012967905