We employ Diebold and Yilmaz’s (2009, 2012) spillover approach to study the relationship between US money and financial assets since 2000. We find that sizeable spillovers arise during periods of economic and financial turbulence (after the 11 September 2001 terrorist attacks, the post-Lehman...

This paper re-examines the influence of the stock of gold and the interest rate on the gold-standard price level using the Johansen cointegration procedure. It finds that two equilibrium relationships exist between the price level, the stock of gold and the interest rate, and that traditional...