Is gold a hedge or a safe haven？Evidence from inflation and stock market
Gold with special nature has always been regarded as a safe asset. This paper examine whether gold serves as a hedge for stock or/and inflation in China mainland market. Employing improved classic methods, and some new methods, such as quantile regression and binary probit model, our empirical resul...
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International Society for Development and Sustainability (ISDS)
2013-03-01
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| Series: | International Journal of Development and Sustainability |
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| Online Access: | http://isdsnet.com/ijds-v2n1-2.pdf |
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doaj-52c99f180095481c877330a9c97aca642020-11-24T23:06:28ZengInternational Society for Development and Sustainability (ISDS)International Journal of Development and Sustainability2186-86622186-86622013-03-01211227Is gold a hedge or a safe haven？Evidence from inflation and stock market Dee, J.Li, L. Zheng, Z.Gold with special nature has always been regarded as a safe asset. This paper examine whether gold serves as a hedge for stock or/and inflation in China mainland market. Employing improved classic methods, and some new methods, such as quantile regression and binary probit model, our empirical results show, for short-term investors, that gold always cannot hedge stock and inflation risk. But it is actually a good hedge for stock or inflation if you would hold gold for a long time. However, it is regrettable that gold is not a safe haven when investors face with stock and inflation risk in china capital market anyway. http://isdsnet.com/ijds-v2n1-2.pdfHedgeSafe havenGoldInflationStock |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Dee, J. Li, L. Zheng, Z. |
| spellingShingle |
Dee, J. Li, L. Zheng, Z. Is gold a hedge or a safe haven？Evidence from inflation and stock market International Journal of Development and Sustainability Hedge Safe haven Gold Inflation Stock |
| author_facet |
Dee, J. Li, L. Zheng, Z. |
| author_sort |
Dee, J. |
| title |
Is gold a hedge or a safe haven？Evidence from inflation and stock market |
| title_short |
Is gold a hedge or a safe haven？Evidence from inflation and stock market |
| title_full |
Is gold a hedge or a safe haven？Evidence from inflation and stock market |
| title_fullStr |
Is gold a hedge or a safe haven？Evidence from inflation and stock market |
| title_full_unstemmed |
Is gold a hedge or a safe haven？Evidence from inflation and stock market |
| title_sort |
is gold a hedge or a safe haven？evidence from inflation and stock market |
| publisher |
International Society for Development and Sustainability (ISDS) |
| series |
International Journal of Development and Sustainability |
| issn |
2186-8662 2186-8662 |
| publishDate |
2013-03-01 |
| description |
Gold with special nature has always been regarded as a safe asset. This paper examine whether gold serves as a hedge for stock or/and inflation in China mainland market. Employing improved classic methods, and some new methods, such as quantile regression and binary probit model, our empirical results show, for short-term investors, that gold always cannot hedge stock and inflation risk. But it is actually a good hedge for stock or inflation if you
would hold gold for a long time. However, it is regrettable that gold is not a safe haven when investors face with stock and inflation risk in china capital market anyway. |
| topic |
Hedge Safe haven Gold Inflation Stock |
| url |
http://isdsnet.com/ijds-v2n1-2.pdf |
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AT deej isgoldahedgeorasafehavenevidencefrominflationandstockmarket AT lil isgoldahedgeorasafehavenevidencefrominflationandstockmarket AT zhengz isgoldahedgeorasafehavenevidencefrominflationandstockmarket |
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