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Does gold offer a better protection against losses in sovereign debt bonds than other metals?
Agyei-Ampomah, Sam; Gounopoulos, Dimitrios; Mazouz, Khelifa - In: Journal of Banking & Finance 40 (2014) C, pp. 507-521
outcome of the hedge and safe haven properties is not always consistent across the different bonds. Finally, our analysis …
Persistent link: https://www.econbiz.de/10010738274
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Germany; Financial Sector Assessment Program: Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulations
International Monetary Fund (IMF); International … - 2011
Germany has a comprehensive legislative and institutional framework for the effective supervision of the securities markets. The overall level of compliance with the IOSCO principles is high. There are significant industry concerns about the implementation costs resulting from a rapidly changing...
Persistent link: https://www.econbiz.de/10011242742
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Precious Metals-Exchange Rate Volatility Transmissions and Hedging Strategies
Hammoudeh, Shawkat; McAleer, Michael; Yuan, Yuan, Y.; … - Faculteit der Economische Wetenschappen, Erasmus … - 2009
This study examines the conditional volatility and correlation dependency and interdependency for the four major precious metals (that is, gold, silver, platinum and palladium), while accounting for geopolitics within a multivariate system. The implications of the estimated results for portfolio...
Persistent link: https://www.econbiz.de/10010732605
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Precious Metals-Exchange Rate Volatility Transmissions and Hedging Strategies
Hammoudeh, S.M.; Yuan, Y.; McAleer, M.J.; Thompson, M.A. - Erasmus University Rotterdam, Econometric Institute - 2009
This study examines the conditional volatility and correlation dependency and interdependency for the four major precious metals (that is, gold, silver, platinum and palladium), while accounting for geopolitics within a multivariate system. The implications of the estimated results for portfolio...
Persistent link: https://www.econbiz.de/10008484071
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Is Gold a Safe Haven Against Equity Market Investment in Emerging and Developing Countries ?
Gurgun, Gozde; Unalmis, Ibrahim - Türkiye Cumhuriyet Merkez Bankası - 2014
The hedge and safe haven properties of gold in advanced economies’ financial markets are well documented in the … aims to fill this gap by empirically analysing the hedge and safe haven properties of gold against equity market investment … is both a hedge and a safe haven in most of these countries. This result also holds in the post-2008 crisis period. In …
Persistent link: https://www.econbiz.de/10010941512
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A dynamic hedging approach for refineries in multiproduct oil markets
Ji, Qiang; Fan, Ying - In: Energy 36 (2011) 2, pp. 881-887
A multiproduct portfolio hedge ratio strategy for oil futures is investigated using a multivariate GARCH model based on … model and dynamic B-GARCH model are selected to compare with our model for hedge effectiveness. Comparison of hedge … estimate the time-varying optimal hedge ratios for the oil-cracking margin. In addition, a naïve strategy, a traditional OLS …
Persistent link: https://www.econbiz.de/10011054892
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Is gold a safe haven against equity market investment in emerging and developing countries?
Gürgün, Gözde; Ünalmış, İbrahim - In: Finance Research Letters 11 (2014) 4, pp. 341-348
The hedge and safe haven properties of gold in advanced economies’ financial markets are well documented in the … aims to fill this gap by empirically analyzing the hedge and safe haven properties of gold against equity market investment … is both a hedge and a safe haven in most of these countries. This result also holds in the post-2008 crisis period. In …
Persistent link: https://www.econbiz.de/10011118183
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Uruguay; Second Review under the Stand-By Arrangement, Requests for Modification, Waiver of Nonobservance and Applicability of Performance Criteria, and Extension of Repurchase Exp...
International Monetary Fund (IMF); International … - 2006
Uruguay’s Second Review Under the Stand-By Arrangement and Requests for Modification, Waiver of Nonobservance and Applicability of Performance Criteria are discussed. Growth remains robust, inflation is subdued, and the external position continues to strengthen, with buoyant exports and...
Persistent link: https://www.econbiz.de/10011245054
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Singapore; 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sin...
International Monetary Fund (IMF); International … - 2009
This 2009 Article IV Consultation highlights that Singapore has been severely affected by the global downturn. The collapse in external demand has led to a sharp contraction in GDP, which fell by almost 13 percent in the first quarter of 2009. Executive Directors have observed that the floating...
Persistent link: https://www.econbiz.de/10011245646
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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902