We investigate key macroeconomic factors that impact the price returns of precious metals markets over a 20 year period. The markets investigated are gold, silver, platinum and palladium; whereas the macroeconomic factors accommodated business cycle, monetary environment and financial market...

We investigate the price spread between gold and silver trading as a futures contract on COMEX. Although the correlation between gold and silver returns during this period was high we find evidence of time varying long term dependence in the spread, with the positive dependent relationship...

By using industry level data, we examine the relation between equity returns and inflation in a frequency dependent framework. Our analysis shows that a positive relation in fact exists between equity returns and high frequency inflation shocks for commodity and technology related industries....

Ten years ago we published an article that documented the views of chief financial officers about doing business in Eastern Europe. Since then there has been progress toward economic stabilization and the development of market economies in the region. These changes and other significant events...

This paper investigates alternative explanations of long-term comovements among the prices of agricultural commodity futures contracts. A long-term interdependency of these prices can exist because of common economic fundamentals or herd behaviour by market participants. An analysis of Tokyo...