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To find out if gold remains to be unlinked with the crude oil market after the 2008 financial crisis, we investigated … how long-run price linkages and price causalities among crude oil and gold markets changed before and after the crisis. To … have a good reference, we also tested the same issue for the oil-platinum relationship. Using the cointegration methods, we …
Persistent link: https://www.econbiz.de/10012825020
We review the literature on gold as an investment. We begin with a review of how the gold markets operate, including … the under researched leasing market; we proceed to examine research on physical gold demand and supply, gold mine … economics and move onto analyses of gold as an investment. Additional sections provide context on gold market efficiency, the …
Persistent link: https://www.econbiz.de/10013019738
This paper analyzes the demand for jewelry, bars & coins, and gold ETFs across high-income and middle-income countries …. We employ a simultaneous equations model that allows a joint determination of the various categories of gold demand and … find significant differences across gold demand categories and across countries. Jewelry and bars & coins demand are …
Persistent link: https://www.econbiz.de/10013242533
error correction model for testing the hypothesis of dynamic hedging characteristics of gold on exchange rate. As the … hedging effects in the short run; third, when facing unexpected shocks, the impulse response shows that the gold returns have … existing literature has never considered that the foreign exchange risk hedged by gold is dynamic, this study can fill the …
Persistent link: https://www.econbiz.de/10012668314
Purpose The argument whether gold is a hedge or haven is a debatable issue. Mainly, hedge is a class of asset that is … research is to take Saudi Arabia as an example to examine the relationship of gold price in Saudi Arabia with key determinants … analysis, it has been discovered that gold is useful as a portfolio hedge and as a hedge against inflation because it is not …
Persistent link: https://www.econbiz.de/10012010182
As in many African countries, crude oil importation is a major drain on the economy of Ghana. We estimate short-run and long-run import demand models for crude oil using data over the period 1980-2012. Results show that demand for crude oil is price inelastic in the short-run but elastic in the...
Persistent link: https://www.econbiz.de/10011845477
Persistent link: https://www.econbiz.de/10009571150
Persistent link: https://www.econbiz.de/10011347658
To find out if gold remains to be unlinked with the crude oil market after the 2008 financial crisis, we investigated … how long-run price linkages and price causalities among crude oil and gold markets changed before and after the crisis. To … have a good reference, we also tested the same issue for the oil-platinum relationship. Using the cointegration methods, we …
Persistent link: https://www.econbiz.de/10013179529
The objective of this paper is to find out whether there is a long-term relationship or in other words cointegration … the EUR, the prices of gold, and the price of Bitcoin. This research was conducted using monthly data, extracted from both … gold have a statistically significant effect on oil prices. …
Persistent link: https://www.econbiz.de/10014466537