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This study adopts a copula wavelet approach to analyze dynamics of the gold price against bonds, stocks and exchange … serve as a hedge in the classical sense while the findings for the period prior to 2008 mostly suggest that gold is able to … shield investors. Uncertainty measures display a surprising and time-varying relationship with the path of the gold price …
Persistent link: https://www.econbiz.de/10011776948
Persistent link: https://www.econbiz.de/10012194705
assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …
Persistent link: https://www.econbiz.de/10010515402
assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …
Persistent link: https://www.econbiz.de/10010407524
sample consists of fve prospective safe-haven assets-gold, bitcoin, the euro, the Japanese yen, and the Swiss franc-and fve … 225. Our fndings are useful for inves‑ tors searching for the best safe-haven assets among gold, bitcoin, and currencies … to hedge against fnancial turmoil in global stock markets. Our unique fndings suggest that safe-haven efects work …
Persistent link: https://www.econbiz.de/10014541628
assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …
Persistent link: https://www.econbiz.de/10010531821
assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …
Persistent link: https://www.econbiz.de/10010398701
bond markets, and investigate the role of gold as a hedge and safe haven asset from an ex-ante point of view. The results … show that gold is not expected to serve as hedge and safe haven for the bond and stock markets, but it is so realized ex …-post. Further, we find that gold is neither expected to be an inflation hedge nor is it realized. …
Persistent link: https://www.econbiz.de/10011751138
between gold and stock and to check the effectiveness of gold as a hedge or a safe haven for stocks. Results showed that: (1 …This paper examines the dynamic relationships between gold and stock markets in China. Using daily gold and stock … to the increasing investment demand of gold, the hedging effect of gold on China’s stock market has strengthened …
Persistent link: https://www.econbiz.de/10011759995
between gold and stock and to check the effectiveness of gold as a hedge or a safe haven for stocks. Results showed that: (1 …This paper examines the dynamic relationships between gold and stock markets in China. Using daily gold and stock … to the increasing investment demand of gold, the hedging effect of gold on China's stock market has strengthened …
Persistent link: https://www.econbiz.de/10011996051