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We analyze long-term art auction sales data focusing on and around financial crisis periods with other investment returns to understand whether art can be considered a safe haven during volatile times or a hedging option in general by analyzing art auction data in a volatile emerging market. Our...
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periods of crisis such as the World Wars, economic recessions, inflationary periods, and changes in monetary policy. By …
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during world wars, economic recessions, financial crises, inflationary periods, and changes in monetary policy. We …
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Arts proponents frequently argue that the arts have a positive impact on the economy, yet this assertion is not … supported by satisfactory statistical testing. Using the U.S. Gross Domestic Product (GDP) and National Arts Index (NAI), this … study seeks to verify the contention that arts activities enhance economic growth. The test results signify, at the national …
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The term "volatility" applies to changeability: both that which can be measured, such as temperatures and stock prices, and that which cannot be easily measured, such as affects and emotions. Quantitative financial volatility has typically been studied quite separately from art, culture, and...
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