effectiveness of put replication, gold, and oil on hedge equities in the ASEAN-5 (Indonesia, Malaysia, Singapore, Thailand, and the …-adjusted-performance such as Sharpe ratio, drawdown, and Omega ratio. The result reveals that gold is a cheaper hedge than oil and oil … Philippines). Protective put strategy, DCC-GARCH, and Markowitz optimization are used to measure hedge effectiveness, risk …

serve as a hedge in the classical sense while the findings for the period prior to 2008 mostly suggest that gold is able to …This study adopts a copula wavelet approach to analyze dynamics of the gold price against bonds, stocks and exchange … rates based on disaggregation of the underlying relationships across different frequencies. We also examine whether gold …

in world currency and as a safe haven asset.The trend series of gold grows steadily because of scarcity and increasing …The research perspective of gold is either as a commodity or as a financial asset in most previous research. This paper … initially examines the double nature of the price of gold both as a commodity and money from 1969 to 2014 by a statistics model …

policy recommendations inconsistent with his own theory, because of (1) his early attachment to the gold standard and the … apparent necessity to accept deflation to preserve the gold standard and (2) his hope that deflation would overwhelm the price … rigidities that he believed obstructed a speedy recovery. By 1935, Hayek's attachment to the gold standard weakened, and he …