Loading...
Please wait, while we are loading the content...
Similar Documents
Is Gold a HedGe or a safe Haven ? an empIrIcal evIdence of Gold and stocks In malaysIa
| Content Provider | Semantic Scholar |
|---|---|
| Author | Ghazali, Mohd Fahmi |
| Copyright Year | 2014 |
| Abstract | This study investigates the role of gold in Malaysia for the period of July 2001 February 2013. Specifically, we examine whether gold can be used as a hedge on average or a safe haven during financial turmoil. The noteworthy finding of our study is that gold plays an important role as a hedge, but its characteristic is short-lived. On one hand, we find little evidence that gold is a safe haven in some thresholds. On the other hand, gold at best is a weak safe haven for stockholders during financial stress. These results indicate that gold plays a minor role in emerging market like Malaysia during stock market slump. Therefore, holding a welldiversified portfolio could help in providing reasonable return and protection from economic collapse. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.ijbs.unimas.my/repository/pdf/Vol14No3paper7.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
