Can gold hedge against inflation? an empirical analysis in Malaysia
The purpose of this study is to examine the role of gold price to hedge against inflation in Malaysia. Previous studies stated that gold price can maintain its purchasing power and able to hedge against inflation. Malaysian database from 1967 to 2011 was used where gold price, consumer price index,...
| Main Author: | |
|---|---|
| Format: | Thesis |
| Language: | English English |
| Published: |
2014
|
| Subjects: | |
| Online Access: | https://eprints.ums.edu.my/id/eprint/37454/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/37454/2/FULLTEXT.pdf |
| _version_ | 1796911905592311808 |
|---|---|
| author | Izaan Azyan Abdul Jamil |
| author_facet | Izaan Azyan Abdul Jamil |
| author_sort | Izaan Azyan Abdul Jamil |
| collection | UMS |
| description | The purpose of this study is to examine the role of gold price to hedge against inflation in Malaysia. Previous studies stated that gold price can maintain its purchasing power and able to hedge against inflation. Malaysian database from 1967 to 2011 was used where gold price, consumer price index, real interest rate, real income, and real exchange rate as variables in this research. The main finding in this study indicates that gold price has a relationship with domestic inflation in the short and long run. Other than that, gold price quoted in Ringgit also able to hedge against inflation in the long run. Thus, the main finding in this study could benefit both Malaysian Monetary and Investment Authority in hedging Inflation. |
| first_indexed | 2024-03-06T03:25:42Z |
| format | Thesis |
| id | ums.eprints-37454 |
| institution | Universiti Malaysia Sabah |
| language | English English |
| last_indexed | 2024-03-06T03:25:42Z |
| publishDate | 2014 |
| record_format | dspace |
| spelling | ums.eprints-374542023-10-02T07:25:32Z https://eprints.ums.edu.my/id/eprint/37454/ Can gold hedge against inflation? an empirical analysis in Malaysia Izaan Azyan Abdul Jamil HG201-1496 Money The purpose of this study is to examine the role of gold price to hedge against inflation in Malaysia. Previous studies stated that gold price can maintain its purchasing power and able to hedge against inflation. Malaysian database from 1967 to 2011 was used where gold price, consumer price index, real interest rate, real income, and real exchange rate as variables in this research. The main finding in this study indicates that gold price has a relationship with domestic inflation in the short and long run. Other than that, gold price quoted in Ringgit also able to hedge against inflation in the long run. Thus, the main finding in this study could benefit both Malaysian Monetary and Investment Authority in hedging Inflation. 2014 Thesis NonPeerReviewed text en https://eprints.ums.edu.my/id/eprint/37454/1/24%20PAGES.pdf text en https://eprints.ums.edu.my/id/eprint/37454/2/FULLTEXT.pdf Izaan Azyan Abdul Jamil (2014) Can gold hedge against inflation? an empirical analysis in Malaysia. Masters thesis, Universiti Malaysia Sabah. |
| spellingShingle | HG201-1496 Money Izaan Azyan Abdul Jamil Can gold hedge against inflation? an empirical analysis in Malaysia |
| title | Can gold hedge against inflation? an empirical analysis in Malaysia |
| title_full | Can gold hedge against inflation? an empirical analysis in Malaysia |
| title_fullStr | Can gold hedge against inflation? an empirical analysis in Malaysia |
| title_full_unstemmed | Can gold hedge against inflation? an empirical analysis in Malaysia |
| title_short | Can gold hedge against inflation? an empirical analysis in Malaysia |
| title_sort | can gold hedge against inflation an empirical analysis in malaysia |
| topic | HG201-1496 Money |
| url | https://eprints.ums.edu.my/id/eprint/37454/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/37454/2/FULLTEXT.pdf |
| work_keys_str_mv | AT izaanazyanabduljamil cangoldhedgeagainstinflationanempiricalanalysisinmalaysia |