Burdekin, Richard C. K.; Tao, Ran - 2021
This paper examines whether gold, and gold mining stocks, were an effective hedge during the 2020 global pandemic and … 2008-2009 global financial crisis. Prior research suggests that gold’s hedging value is most evident during crisis periods …, but none has compared the 2008-2009 and 2020 episodes directly. Dynamic conditional correlations and hedge ratios are …