Is Gold a Zero-Beta Asset? Analysis of the Investment Potential of Precious Metals

By J. McCown, John R. Zimmerman. 2006

141 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Mechanical Engineering

View Paper: https://www.semanticscholar.org/paper/70d9bb9604a6ecc8c8ad1f224e8bcc199d6a5e45

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In Economics and Econometrics

Citations in the corpus

Does gold act as a hedge or a safe haven for stocks? A smooth transition approach (2014, unknown): “…by Sherman [1986], Jaﬀe [1989], Chua, Stick and Woodward [1990], Upper [2000], Ciner [2001], Michaud, Michaud and Pulvermacher [2006], Hillier, Draper and Faﬀ [2006], McCown and Zimmerman [2006], and Kaul and Sapp [2006] and the overall results suggest that correlation is low or even negative.”
Are gold and silver a hedge against inflation? A two century perspective (2015, background): “McCown and Zimmerman (2006, 2007) provide evidence in favor of the hedging ability of gold and silver against inflation risk, especially over longer time horizons.”
Asymmetric spillover and network connectedness between crude oil, gold, and Chinese sector stock markets (2021, result): “Previous studies validate the strong role of yellow metal as an excellent hedge and safe haven for period of high inflation level (McCown and Zimmerman, 2006; Oxman, 2012; Beckmann and Czudaj, 2013; Hoang et al., 2016; Salisu et al., 2020; Adekoya et al., 2020) and extreme negative returns of stock…”
How oil prices, gold prices, uncertainty and risk impact Islamic and conventional stocks? Empirical evidence from QARDL technique (2020, background): “McCown and Zimmerman (2006) have presented that on average, gold has the same margin as T bills; thus the market risk is nil.”
Gold as an Infl ation Hedge in a Time-Varying Coefficient Framework (2012, background): “…to financial assets such as bonds or stocks.6 Such a question has been tackled by Sherman (1986), Jaffe (1989), Chua et al. (1990), Ciner (2001), Michaud et al. (2006), Hillier et al. (2006), McCown and Zimmerman (2006), Baur and Lucey (2010), Baur and McDermott (2010), and Ciner et al. (2010).”
Can Bitcoin be a diversifier, hedge or safe haven tool? (2019, background): “Sherman (1986), McCown and Zimmerman (2006), Hillier, Draper, and Faff (2006) and Miyazaki and Hamori (2016) found evidence that the correlation between gold and other financial assets were low or even negative.”