This paper explores the relevance of asymmetry and long memory in modeling and forecasting the conditional volatility and market risk of four major commodities (crude oil, natural gas, gold, and sil- ver). A broad set of the most popular linear and nonlinear GARCH-type models is used to...

This article assesses the impact of real energy prices on the consumption of different energy sources in Tunisia. We estimate the short-run and long-run energy demand elasticities over the period 1980-2004, where energy demand is specified by a simple partial adjustment model. Our results show...

This study investigates the energy–growth–trade nexus in Pakistan by using the annual time series data for the period of 1973–2013. Our main results show: (i) the presence of long-run link between energy consumption and trade performance; (ii) positive impact of gross domestic product,...

Academic finance research has shown that emerging markets still suffer from a myriad of risks such as credit, operational, market, legal and exchange rate risks. The onset of the subprime crisis 2007, the global financial crisis 2008-2009, and the Eurozone public debt crisis since the end of...

This paper investigates the diversification contribution of four main precious metals (i.e., gold, silver, platinum, and palladium) to a traditional portfolio of stocks, bonds, cash, and currencies, as well as the impact of the global financial crisis of 2008 on that contribution. We use a...