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Gold's Price and Advanced Stock Markets: A Post-Crisis Approach

Gold's Price and Advanced Stock Markets: A Post-Crisis Approach

Nikolaos Stoupos, Apostolos Kiohos
Copyright: © 2020 |Pages: 14
ISBN13: 9781799824367|ISBN10: 1799824365|ISBN13 Softcover: 9781799824374|EISBN13: 9781799824381
DOI: 10.4018/978-1-7998-2436-7.ch007
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MLA

Stoupos, Nikolaos, and Apostolos Kiohos. "Gold's Price and Advanced Stock Markets: A Post-Crisis Approach." Recent Advances and Applications in Alternative Investments, edited by Constantin Zopounidis, et al., IGI Global, 2020, pp. 143-156. https://doi.org/10.4018/978-1-7998-2436-7.ch007

APA

Stoupos, N. & Kiohos, A. (2020). Gold's Price and Advanced Stock Markets: A Post-Crisis Approach. In C. Zopounidis, D. Kenourgios, & G. Dotsis (Eds.), Recent Advances and Applications in Alternative Investments (pp. 143-156). IGI Global. https://doi.org/10.4018/978-1-7998-2436-7.ch007

Chicago

Stoupos, Nikolaos, and Apostolos Kiohos. "Gold's Price and Advanced Stock Markets: A Post-Crisis Approach." In Recent Advances and Applications in Alternative Investments, edited by Constantin Zopounidis, Dimitris Kenourgios, and George Dotsis, 143-156. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2436-7.ch007

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Abstract

Traditionally, the gold has been approved as a safe-haven investment after the collapse of Breton Woods. The global investors especially prefer to rebalance their portfolios by purchasing gold or its derivatives during financial crises. This research explores realized dynamic linkages between gold and the advanced stock market indices, after the end of the 2008 economic recession. This chapter used the fractionally co-integrated ECM by utilizing intraday data from 2013 and thereafter. The empirical outcomes support that there is a negative-realized dynamics between the advanced stock markets and the gold's price in the short and in the long run. Specifically, the short-term dynamics of gold's price seems to be higher on the French and Japanese stock market indices. Lastly, the long-term dynamics of gold's price seems to be higher on the Dow Jones and the FTSE100.

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