and therefore allows to test whether gold acts as a hedge for stocks, the other one accounts for periods characterized by …This study deals with the issue whether gold actually exhibits the function of a hedge or a safe haven as often … findings show that gold serves as a hedge and a safe haven. However, this ability seems to be market-specific. In addition, by …

This paper investigates flight-to-safety from stocks to bonds in six European markets. We use quantile regressions to …

Our study extends the existing literature by exploring the impact of three major risk and uncertainty indices on the … dependency structures between extreme economic policy uncertainty (EPU) shocks and the DJIM world, consumer goods, financials … the lower quantiles. In contrast, the basic materials and oil & gas sectors can hedge the EPU shocks better than the DJIM …

-haven assets after Covid-19. To do that, we compare both hedge and safe-haven properties of gold, Bitcoin, and crude oil against G … show that the hedging effectiveness of gold, Bitcoin, and crude oil varies overtime before the Covid-19 pandemic …

spillovers mostly run from stocks to bonds and exhibit a time-varying pattern over all three stages of the crisis in most … countries. Regarding the volatility spillovers, such spillovers from bond returns to those of stocks are stronger than the other …

the long-run, (fundamentalists investors), Oil and Gold affect all stocks but their impact varies according to the Beta …-EGARCH errors (Auto Regressive Moving Average Exponential AutoRegressive Conditional Heteroskedasticity). Our model considers gold …, oil, and Fama-French factors as supplementary sources of risk and wavelets decompositions. We used 30 French stocks listed …

considered an indicator of either information flow or uncertainty. We show in a stylized model economy that both views suggest … market, volatility reflects information (uncertainty). We introduce a simultaneous time-varying coefficient model, where …

US stocks. These correlations display no time trend, suggesting that diversification benefits have not diminished with …

US stocks. These correlations display no time trend, suggesting that diversification benefits have not diminished with …