Gold and the US dollar: Hedge or haven?

By Mark S. Joy. 2011

272 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/2626058039e4dc934c2d1844c44aa5ff5d04b266

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

Dynamic linkages among oil price, gold price, exchange rate, and stock market in India (2016, background): “When the US dollar depreciates against other major currencies, investors may choose to use gold as a safe haven (Capie et al., 2005; Joy, 2011), thus pushing up gold prices (Reboredo, 2012).”
The effects of uncertainty measures on the price of gold (2018, background): “…of the REER implies the appreciation of the USD; and therefore, the higher level of the REER is expected to decrease the price of the gold, as gold has served as the hedge against fluctuations in the foreign exchange value of the USD (Capie et al., 2005; Joy, 2011; Pukthuanthong and Roll, 2011).”
Gold price dynamics and the role of uncertainty (2018, background): “FX Joy (2011) 1986 to 2008 weekly 16 countries (G7, emerging markets) DCC-GARCH hedge, but no safe haven for FX FX Reboredo (2013) 2000 to 2012 weekly Australia, Canada, EMU, UK, Japan, Norway, Switzerland Copula hedge & safe haven for FX”
Assessing the safe haven property of the gold market during COVID-19 pandemic (2021, unknown): “…debt crisis (Agyei-Ampomah, Gounopoulos, & Mazouz, 2014; Boubaker, Cunado, Gil-Alana, & Gupta, 2020; Bredin, Conlon, & Potì, 2015), exchange rate crisis (Joy, 2011; Reboredo, 2013b; Reboredo * Corresponding author at: Centre for Econometric & Allied Research, University of Ibadan, Ibadan, Nigeria.”
The Financial Economics of Gold – A Survey (2015, background): “This sets up a natural but partial hedge against dollar risk while allowing for borrowing at lower dollar rates and avoiding some of the capital controls that China has in place (eee Kaminska, 2011).”