Can gold effectively hedge risks of exchange rate?
This study tests whether gold can effectively hedge exchange rate risks. We take into account the asymmetric characteristic of exchange rate fluctuations and use the dynamic panel threshold model in order to select gold prices in major gold-related currencies in the world: the Australian dollar, the...
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| Format: | Article |
| Language: | English |
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Vilnius Gediminas Technical University
2013-11-01
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| Series: | Journal of Business Economics and Management |
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| Online Access: | https://journals.vgtu.lt/index.php/JBEM/article/view/3750 |