Is gold a hedge or a safe-haven asset in the COVID–19 crisis?
This study examines the role of gold as a hedge or safe-haven asset in different phases of the COVID-19 pandemic crisis, corresponding to the timing of fiscal and monetary stimuli to support the weakened economy. Using high-frequency data, the results show that gold served as a safe-haven asset for...
Uloženo v:
| Vydáno v: | Economic modelling Ročník 102; s. 105588 |
|---|---|
| Hlavní autoři: | , , , |
| Médium: | Journal Article |
| Jazyk: | angličtina |
| Vydáno: |
Elsevier B.V
01.09.2021
Elsevier |
| Témata: | |
| ISSN: | 0264-9993, 1873-6122 |
| On-line přístup: | Získat plný text |
| Tagy: |
Přidat tag
Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!
|
| Abstract | This study examines the role of gold as a hedge or safe-haven asset in different phases of the COVID-19 pandemic crisis, corresponding to the timing of fiscal and monetary stimuli to support the weakened economy. Using high-frequency data, the results show that gold served as a safe-haven asset for stock markets during Phase I (December 31, 2019–March 16, 2020) of the pandemic. However, gold lost its safe-haven role during Phase II (March 17−April 24, 2020). The optimal weights of gold in S&P 500, Euro Stoxx 50, Nikkei 225, and WTI crude oil portfolios significantly increased during Phase II, suggesting that investors expanded investment in gold as a ‘flight-to-safety asset’ during the crisis. Further, hedging costs increased significantly during Phase II. These findings provide insight for individual and institutional investors and guidance to policymakers, regulators, and media on how gold evolved as a hedge and safe-haven asset in different phases of the pandemic.
•We study the role of gold in the COVID–19 crisis.•Gold acts as safe haven asset during Phase I (31 Dec 2019–16 Mar 2020).•Gold loses the safe haven status during Phase II (17 Mar −24 April 2020).•Investors increase their investment in gold during Phase II as a ‘flight-to-safety asset’.•Hedging cost increases during Phase II. |
|---|---|
| AbstractList | This study examines the role of gold as a hedge or safe-haven asset in different phases of the COVID-19 pandemic crisis, corresponding to the timing of fiscal and monetary stimuli to support the weakened economy. Using high-frequency data, the results show that gold served as a safe-haven asset for stock markets during Phase I (December 31, 2019–March 16, 2020) of the pandemic. However, gold lost its safe-haven role during Phase II (March 17−April 24, 2020). The optimal weights of gold in S&P 500, Euro Stoxx 50, Nikkei 225, and WTI crude oil portfolios significantly increased during Phase II, suggesting that investors expanded investment in gold as a ‘flight-to-safety asset’ during the crisis. Further, hedging costs increased significantly during Phase II. These findings provide insight for individual and institutional investors and guidance to policymakers, regulators, and media on how gold evolved as a hedge and safe-haven asset in different phases of the pandemic.
•We study the role of gold in the COVID–19 crisis.•Gold acts as safe haven asset during Phase I (31 Dec 2019–16 Mar 2020).•Gold loses the safe haven status during Phase II (17 Mar −24 April 2020).•Investors increase their investment in gold during Phase II as a ‘flight-to-safety asset’.•Hedging cost increases during Phase II. This study examines the role of gold as a hedge or safe-haven asset in different phases of the COVID-19 pandemic crisis, corresponding to the timing of fiscal and monetary stimuli to support the weakened economy. Using high-frequency data, the results show that gold served as a safe-haven asset for stock markets during Phase I (December 31, 2019–March 16, 2020) of the pandemic. However, gold lost its safe-haven role during Phase II (March 17−April 24, 2020). The optimal weights of gold in S&P 500, Euro Stoxx 50, Nikkei 225, and WTI crude oil portfolios significantly increased during Phase II, suggesting that investors expanded investment in gold as a ‘flight-to-safety asset’ during the crisis. Further, hedging costs increased significantly during Phase II. These findings provide insight for individual and institutional investors and guidance to policymakers, regulators, and media on how gold evolved as a hedge and safe-haven asset in different phases of the pandemic. |
| ArticleNumber | 105588 |
| Author | Sensoy, Ahmet Akhtaruzzaman, Md Boubaker, Sabri Lucey, Brian M. |
| Author_xml | – sequence: 1 givenname: Md surname: Akhtaruzzaman fullname: Akhtaruzzaman, Md organization: Australian Catholic University, Sydney, Australia – sequence: 2 givenname: Sabri surname: Boubaker fullname: Boubaker, Sabri email: sboubaker@em-normandie.fr organization: EM Normandie Business School, Métis Lab, Paris, France – sequence: 3 givenname: Brian M. orcidid: 0000-0002-4052-8235 surname: Lucey fullname: Lucey, Brian M. organization: Trinity Business School, Trinity College Dublin, Dublin 2, Ireland – sequence: 4 givenname: Ahmet surname: Sensoy fullname: Sensoy, Ahmet organization: Bilkent University, Faculty of Business Administration, Ankara, Turkey |
| BackLink | https://hal.science/hal-04998990$$DView record in HAL |
| BookMark | eNqFkMtKA0EQRRuJYBL9BKG3Lib2Y16NixDiI4FANuq2qempSTpMpqV7CLjzH_xDv8QJE1y4yaqK4p5bcEZk0LgGCbnlbMIZT-93EzSu2btyIpjg3S1J8vyCDHmeySjlQgzIkIk0jpRS8oqMQtgx1iVjNSTTZaAbV5cU6BbLDVLnuzVAhdEWDthQCAFbahvabpHO1-_Lx5-vb66o8TbYML0mlxXUAW9Oc0zenp9e54totX5ZzmeryMgsbSOoJKKE7i3IXEolFCvSjOcgS2nAJFUhpFGFMJmCohAgII9FmoFkkCVph47JXd-7hVp_eLsH_6kdWL2YrfTxxmKlcqXYgXfZpM8a70LwWP0BnOmjMb3TJ2P6aEz3xjru4R9nbAutdU3rwdZn6WlPY6fhYNHrYCw2Bkvr0bS6dPZMwy-Lboqv |
| CitedBy_id | crossref_primary_10_1080_1331677X_2021_2018619 crossref_primary_10_1155_2022_9375170 crossref_primary_10_1016_j_iref_2024_02_014 crossref_primary_10_1016_j_jeca_2024_e00381 crossref_primary_10_1016_j_irfa_2024_103292 crossref_primary_10_1108_CFRI_12_2021_0232 crossref_primary_10_1016_j_econmod_2022_106095 crossref_primary_10_1016_j_econmod_2023_106494 crossref_primary_10_3390_ijfs11030113 crossref_primary_10_1016_j_eneco_2024_107681 crossref_primary_10_3390_jrfm15060241 crossref_primary_10_3390_risks10070136 crossref_primary_10_1016_j_energy_2022_124607 crossref_primary_10_3934_QFE_2025005 crossref_primary_10_1016_j_frl_2021_102657 crossref_primary_10_1016_j_iref_2022_10_013 crossref_primary_10_1007_s10668_025_06325_x crossref_primary_10_1016_j_jcomm_2025_100494 crossref_primary_10_1186_s40854_023_00596_x crossref_primary_10_1016_j_resourpol_2021_102407 crossref_primary_10_1016_j_eneco_2022_105951 crossref_primary_10_1080_00036846_2021_1977774 crossref_primary_10_1016_j_gfj_2025_101159 crossref_primary_10_1515_snde_2022_0107 crossref_primary_10_1016_j_jeca_2022_e00265 crossref_primary_10_1016_j_jcomm_2022_100307 crossref_primary_10_1186_s40854_022_00411_z crossref_primary_10_1016_j_iref_2024_03_075 crossref_primary_10_1016_j_najef_2024_102348 crossref_primary_10_1016_j_jbef_2022_100698 crossref_primary_10_1016_j_mulfin_2023_100784 crossref_primary_10_1007_s10690_023_09440_9 crossref_primary_10_1016_j_eneco_2022_106360 crossref_primary_10_1016_j_heliyon_2023_e16502 crossref_primary_10_1080_00036846_2021_2003748 crossref_primary_10_1016_j_najef_2022_101816 crossref_primary_10_1016_j_frl_2022_102716 crossref_primary_10_1016_j_ribaf_2025_102998 crossref_primary_10_1108_PRR_08_2021_0038 crossref_primary_10_1016_j_eap_2024_03_015 crossref_primary_10_1016_j_eneco_2024_107904 crossref_primary_10_1016_j_frl_2023_104062 crossref_primary_10_1016_j_ribaf_2022_101863 crossref_primary_10_1080_23311975_2023_2174478 crossref_primary_10_1108_IJOEM_04_2022_0630 crossref_primary_10_1016_j_jmse_2024_04_001 crossref_primary_10_1016_j_jeca_2022_e00276 crossref_primary_10_1016_j_ribaf_2022_101618 crossref_primary_10_1016_j_resourpol_2022_103108 crossref_primary_10_3390_risks9090163 crossref_primary_10_3390_ijerph181910548 crossref_primary_10_1016_j_irfa_2025_104321 crossref_primary_10_1080_17520843_2022_2091825 crossref_primary_10_1016_j_econmod_2022_105896 crossref_primary_10_1016_j_ribaf_2023_102204 crossref_primary_10_1155_2022_9520486 crossref_primary_10_1016_j_ribaf_2024_102467 crossref_primary_10_1108_RBF_04_2021_0069 crossref_primary_10_1016_j_iref_2023_03_003 crossref_primary_10_1016_j_frl_2022_102707 crossref_primary_10_1186_s40854_024_00686_4 crossref_primary_10_1108_IJOEM_09_2021_1465 crossref_primary_10_1016_j_techfore_2024_123319 crossref_primary_10_1016_j_ribaf_2024_102464 crossref_primary_10_1057_s41599_025_04910_z crossref_primary_10_5604_01_3001_0016_2377 crossref_primary_10_1016_j_resourpol_2023_104286 crossref_primary_10_3390_jrfm16020103 crossref_primary_10_1016_j_najef_2023_101894 crossref_primary_10_1016_j_ribaf_2022_101846 crossref_primary_10_1186_s40854_023_00451_z crossref_primary_10_1016_j_iref_2025_104620 crossref_primary_10_1016_j_resourpol_2022_102920 crossref_primary_10_1186_s40854_023_00510_5 crossref_primary_10_3390_su152014814 crossref_primary_10_1016_j_ribaf_2024_102456 crossref_primary_10_1142_S0217590825490128 crossref_primary_10_1016_j_irfa_2021_101864 crossref_primary_10_21511_imfi_21_2__2024_08 crossref_primary_10_1016_j_ribaf_2024_102217 crossref_primary_10_18778_2391_6478_S1_2024_03 crossref_primary_10_1016_j_irfa_2022_102316 crossref_primary_10_1016_j_ribaf_2025_103142 crossref_primary_10_1002_fut_22416 crossref_primary_10_1016_j_inteco_2024_100478 crossref_primary_10_1016_j_najef_2024_102142 crossref_primary_10_1016_j_eneco_2022_106396 crossref_primary_10_1016_j_eneco_2023_106677 crossref_primary_10_1016_j_gfj_2023_100894 crossref_primary_10_1016_j_jeca_2023_e00337 crossref_primary_10_1371_journal_pone_0282631 crossref_primary_10_1016_j_qref_2021_07_006 crossref_primary_10_1016_j_qref_2022_10_010 crossref_primary_10_1108_JFRA_03_2023_0131 crossref_primary_10_1016_j_inteco_2022_11_001 crossref_primary_10_1007_s11135_022_01404_x crossref_primary_10_1016_j_ribaf_2023_102102 crossref_primary_10_1016_j_resourpol_2023_103817 crossref_primary_10_1016_j_iref_2023_07_047 crossref_primary_10_1016_j_chaos_2023_114079 crossref_primary_10_1016_j_physa_2022_128217 crossref_primary_10_1016_j_najef_2025_102497 crossref_primary_10_2478_ceej_2024_0027 crossref_primary_10_1016_j_rser_2023_114137 crossref_primary_10_1007_s13563_025_00520_y crossref_primary_10_1016_j_resourpol_2024_104688 crossref_primary_10_1057_s41599_025_05258_0 crossref_primary_10_1016_j_iref_2023_06_002 crossref_primary_10_1016_j_jeca_2023_e00327 crossref_primary_10_1016_j_econmod_2022_105998 crossref_primary_10_1111_joes_12677 crossref_primary_10_1016_j_irfa_2022_102458 crossref_primary_10_1108_JES_05_2022_0267 crossref_primary_10_1016_j_ribaf_2022_101788 crossref_primary_10_1108_JFEP_02_2024_0057 crossref_primary_10_1016_j_jeca_2022_e00240 crossref_primary_10_1016_j_pacfin_2022_101768 crossref_primary_10_1016_j_eneco_2024_107820 crossref_primary_10_1002_jid_3634 crossref_primary_10_1016_j_econmod_2022_106030 crossref_primary_10_1016_j_jeca_2023_e00317 crossref_primary_10_1016_j_frl_2023_104131 crossref_primary_10_1016_j_jeca_2023_e00315 crossref_primary_10_24136_oc_3272 crossref_primary_10_1016_j_irfa_2024_103478 crossref_primary_10_1016_j_irfa_2024_103237 crossref_primary_10_1016_j_eneco_2023_106690 crossref_primary_10_1016_j_resourpol_2025_105489 crossref_primary_10_1007_s40822_023_00231_1 crossref_primary_10_1016_j_qref_2024_03_002 crossref_primary_10_1016_j_ribaf_2023_102125 crossref_primary_10_1057_s41260_022_00292_y crossref_primary_10_1016_j_ribaf_2024_102544 crossref_primary_10_1016_j_physa_2023_128898 crossref_primary_10_1080_00036846_2025_2526177 crossref_primary_10_3390_su14106152 crossref_primary_10_1080_23311975_2025_2451132 crossref_primary_10_1016_j_jeca_2022_e00245 crossref_primary_10_1016_j_jeca_2023_e00302 crossref_primary_10_1080_2573234X_2023_2193224 crossref_primary_10_1016_j_eneco_2024_107712 crossref_primary_10_1016_j_iref_2024_04_015 crossref_primary_10_1016_j_pacfin_2023_102009 crossref_primary_10_1016_j_irfa_2025_104194 crossref_primary_10_1016_j_jeca_2023_e00306 crossref_primary_10_1108_SEF_05_2023_0258 crossref_primary_10_1016_j_jebo_2024_106850 crossref_primary_10_1016_j_ribaf_2022_101648 crossref_primary_10_1016_j_ribaf_2022_101768 crossref_primary_10_2478_nispa_2024_0008 crossref_primary_10_1007_s10690_023_09443_6 crossref_primary_10_1016_j_ememar_2023_101019 crossref_primary_10_3390_economies12040077 crossref_primary_10_1016_j_jebo_2023_09_016 crossref_primary_10_1108_EMJB_03_2022_0046 crossref_primary_10_1016_j_resourpol_2022_102637 crossref_primary_10_1016_j_qref_2025_101976 crossref_primary_10_1016_j_irfa_2023_102756 crossref_primary_10_1016_j_iref_2023_02_015 crossref_primary_10_46557_001c_70301 crossref_primary_10_2478_ijme_2024_0011 crossref_primary_10_1016_j_ribaf_2023_102134 crossref_primary_10_3390_ijfs10010013 crossref_primary_10_1007_s13132_024_01951_8 crossref_primary_10_1108_IMEFM_03_2024_0153 crossref_primary_10_1080_23322039_2023_2241205 crossref_primary_10_2478_sbe_2023_0001 crossref_primary_10_1016_j_techfore_2022_122174 crossref_primary_10_1016_j_frl_2024_106210 crossref_primary_10_1016_j_iref_2024_103661 crossref_primary_10_1016_j_najef_2022_101764 crossref_primary_10_1016_j_ribaf_2023_101957 crossref_primary_10_1016_j_irfa_2023_102520 crossref_primary_10_1108_IGDR_10_2021_0131 crossref_primary_10_1016_j_resourpol_2024_105222 crossref_primary_10_1016_j_resourpol_2022_102752 crossref_primary_10_1016_j_irfa_2022_102121 crossref_primary_10_1371_journal_pone_0291684 crossref_primary_10_1016_j_intfin_2024_101936 crossref_primary_10_1016_j_ribaf_2023_102028 crossref_primary_10_1177_03128962231184658 crossref_primary_10_1177_0958305X221127645 crossref_primary_10_2478_mmcks_2023_0016 crossref_primary_10_1002_fut_22447 crossref_primary_10_1108_SEF_01_2024_0056 crossref_primary_10_1177_0193841X251317024 crossref_primary_10_3390_ijfs10010006 crossref_primary_10_1016_j_ribaf_2021_101610 crossref_primary_10_1007_s10614_024_10736_9 crossref_primary_10_1016_j_econmod_2025_107195 crossref_primary_10_1177_09722629231185202 crossref_primary_10_1016_j_resourpol_2023_103579 crossref_primary_10_1016_j_gfj_2024_100964 crossref_primary_10_1016_j_econmod_2022_105821 crossref_primary_10_1016_j_heliyon_2024_e40382 crossref_primary_10_1016_j_jcomm_2022_100284 crossref_primary_10_3390_en14248494 crossref_primary_10_1007_s10479_023_05517_w crossref_primary_10_1051_e3sconf_202342601082 crossref_primary_10_3390_economies12090229 crossref_primary_10_1016_j_ribaf_2024_102630 crossref_primary_10_1007_s00181_024_02583_2 crossref_primary_10_1016_j_eneco_2023_107103 crossref_primary_10_1007_s00181_023_02358_1 crossref_primary_10_1016_j_jbef_2022_100747 crossref_primary_10_1016_j_resourpol_2022_103061 crossref_primary_10_1016_j_najef_2022_101747 crossref_primary_10_1186_s40854_024_00678_4 crossref_primary_10_1016_j_iref_2024_01_037 crossref_primary_10_1016_j_gfj_2024_100955 crossref_primary_10_1016_j_irfa_2025_104046 crossref_primary_10_1016_j_resourpol_2024_105203 crossref_primary_10_1108_IJOEM_05_2022_0818 crossref_primary_10_21511_imfi_19_3__2022_29 crossref_primary_10_1016_j_najef_2024_102093 crossref_primary_10_1057_s41260_025_00424_0 crossref_primary_10_1016_j_ribaf_2024_102627 crossref_primary_10_1080_23322039_2024_2382375 crossref_primary_10_1016_j_ribaf_2023_102160 crossref_primary_10_1016_j_ribaf_2023_102165 crossref_primary_10_1108_IJOEM_11_2022_1673 crossref_primary_10_3390_commodities2010002 crossref_primary_10_1016_j_bir_2025_04_005 crossref_primary_10_3846_tede_2022_17302 crossref_primary_10_1108_JIABR_11_2021_0302 crossref_primary_10_1111_jifm_12166 crossref_primary_10_1016_j_iref_2023_06_022 crossref_primary_10_3390_commodities4020005 crossref_primary_10_1016_j_jairtraman_2025_102791 crossref_primary_10_1016_j_frl_2021_102481 crossref_primary_10_1016_j_frl_2022_102782 crossref_primary_10_1016_j_jeca_2023_e00348 crossref_primary_10_1016_j_resourpol_2022_103170 crossref_primary_10_2478_eb_2023_0007 crossref_primary_10_1007_s10479_022_04578_7 crossref_primary_10_1002_rfe_70000 crossref_primary_10_1016_j_finr_2025_100008 crossref_primary_10_1108_IMEFM_06_2020_0295 crossref_primary_10_33707_akuiibfd_1563260 crossref_primary_10_1057_s41261_025_00281_2 crossref_primary_10_3390_ijfs10020024 crossref_primary_10_1016_j_irfa_2023_102955 crossref_primary_10_1016_j_frl_2022_102978 crossref_primary_10_1016_j_resourpol_2022_102715 crossref_primary_10_1016_j_ribaf_2023_102051 crossref_primary_10_1016_j_frl_2023_104082 crossref_primary_10_1016_j_eneco_2025_108225 crossref_primary_10_3390_commodities1010003 crossref_primary_10_1016_j_heliyon_2024_e40400 crossref_primary_10_3390_ijfs10030070 crossref_primary_10_1016_j_eneco_2023_106831 crossref_primary_10_1080_00036846_2024_2305618 crossref_primary_10_1016_j_eneco_2024_107523 crossref_primary_10_1080_23311975_2024_2382919 crossref_primary_10_1080_23322039_2024_2322876 crossref_primary_10_3390_ijfs10030072 crossref_primary_10_1016_j_econmod_2022_105806 crossref_primary_10_1016_j_resourpol_2022_102951 crossref_primary_10_3390_jrfm17030099 crossref_primary_10_1016_j_eap_2022_05_001 crossref_primary_10_1016_j_energy_2025_136483 crossref_primary_10_1016_j_iref_2025_103864 crossref_primary_10_1108_IJOEM_08_2023_1327 crossref_primary_10_1016_j_eneco_2024_108171 crossref_primary_10_1007_s43546_022_00218_1 crossref_primary_10_3390_jrfm15050192 crossref_primary_10_1002_fut_22365 crossref_primary_10_18267_j_pep_878 crossref_primary_10_1002_sd_3172 crossref_primary_10_1007_s10614_024_10757_4 crossref_primary_10_3390_ijfs10030076 crossref_primary_10_1007_s43546_024_00638_1 crossref_primary_10_26745_ahbvuibfd_1110109 crossref_primary_10_1016_j_pacfin_2021_101656 crossref_primary_10_1016_j_resourpol_2024_104722 crossref_primary_10_1111_1467_8454_70007 crossref_primary_10_1108_RBF_08_2021_0154 crossref_primary_10_1111_eufm_12561 crossref_primary_10_1016_j_econmod_2023_106502 crossref_primary_10_3390_math11030698 crossref_primary_10_22430_24223182_2481 crossref_primary_10_3390_ijfs9040070 crossref_primary_10_1080_20954816_2025_2453352 crossref_primary_10_1016_j_resourpol_2022_102859 crossref_primary_10_2478_jcbtp_2025_0017 crossref_primary_10_1111_opec_12286 crossref_primary_10_1016_j_najef_2022_101670 crossref_primary_10_1016_j_ribaf_2025_103081 crossref_primary_10_1080_13504851_2023_2182402 crossref_primary_10_1007_s10614_022_10254_6 crossref_primary_10_1016_j_resourpol_2022_103020 crossref_primary_10_1016_j_eneco_2023_106853 crossref_primary_10_1016_j_frl_2024_105267 crossref_primary_10_1016_j_iref_2025_103848 crossref_primary_10_1016_j_najef_2025_102516 crossref_primary_10_3390_ijfs11010006 crossref_primary_10_1177_0193841X221141812 crossref_primary_10_3390_risks10030058 crossref_primary_10_1016_j_eap_2022_12_010 crossref_primary_10_1016_j_ribaf_2023_102070 crossref_primary_10_1108_SEF_11_2022_0531 crossref_primary_10_1016_j_frl_2023_104534 crossref_primary_10_1016_j_resourpol_2023_103786 crossref_primary_10_3390_ijfs11010008 crossref_primary_10_1016_j_resourpol_2022_102726 crossref_primary_10_1177_09722629221087375 crossref_primary_10_1016_j_eap_2022_12_023 crossref_primary_10_1080_00036846_2024_2393454 crossref_primary_10_3390_jrfm16050280 crossref_primary_10_1016_j_resourpol_2023_103672 crossref_primary_10_1016_j_jeca_2021_e00223 crossref_primary_10_1016_j_resourpol_2023_103791 crossref_primary_10_1016_j_ribaf_2021_101508 crossref_primary_10_1016_j_ribaf_2023_102080 crossref_primary_10_1111_fire_12345 crossref_primary_10_1016_j_najef_2025_102502 crossref_primary_10_1016_j_irfa_2023_102492 crossref_primary_10_1016_j_iref_2021_12_013 crossref_primary_10_1016_j_irfa_2022_102078 crossref_primary_10_3390_ijfs9030040 |
| Cites_doi | 10.1016/j.inteco.2018.10.001 10.1080/07350015.2011.652048 10.1016/j.econmod.2019.07.023 10.1016/S0304-4076(99)00080-9 10.1016/j.jimonfin.2015.12.007 10.1016/j.econmod.2014.10.030 10.1016/j.physa.2019.123093 10.1016/j.irfa.2012.12.001 10.1016/j.resourpol.2020.101603 10.1111/j.2517-6161.1981.tb01175.x 10.1016/j.frl.2019.101393 10.1080/1351847021000029188 10.1016/j.intfin.2014.07.003 10.1016/j.jbankfin.2009.12.008 10.1111/j.1540-6261.1993.tb05128.x 10.1016/j.eneco.2011.01.009 10.1016/j.irfa.2018.08.003 10.1007/s40953-019-00163-1 10.1016/j.gfj.2017.07.001 10.1016/j.eneco.2018.07.007 10.1016/j.jclepro.2020.121015 10.1111/j.1468-0297.2008.02208.x 10.1016/j.econmod.2019.05.016 10.1093/rfs/hhu032 10.1198/073500102288618487 10.1111/jofi.12776 10.2307/2331164 10.1016/j.econmod.2018.02.008 10.1016/j.jbankfin.2013.03.020 10.1080/07350015.2013.771027 10.1080/00036840802314606 10.1016/j.intfin.2018.01.002 10.1016/j.frl.2019.101344 10.1016/j.frl.2020.101604 10.1016/j.ijforecast.2011.02.006 10.1016/j.irfa.2020.101526 10.1016/0304-4076(86)90063-1 10.1093/rof/rfq007 10.1016/j.econmod.2014.10.044 10.1016/j.qref.2020.03.004 10.1016/j.resourpol.2013.02.003 10.1080/01621459.1980.10477520 10.1016/j.econmod.2016.07.003 10.1016/j.eneco.2014.05.014 10.1111/j.1540-6288.2010.00244.x 10.1016/j.resourpol.2019.02.013 10.1016/j.jcomm.2017.05.003 10.1016/j.irfa.2019.01.002 10.1080/13504851.2014.920471 10.1016/j.resourpol.2018.01.001 10.1016/j.eneco.2015.11.022 10.1016/j.jbankfin.2013.11.014 10.1016/j.econmod.2019.05.010 10.1016/j.jbankfin.2020.105823 10.1093/rfs/11.4.817 10.1016/j.intfin.2019.05.004 10.1016/j.frl.2020.101882 10.1016/j.jimonfin.2017.02.010 10.1016/j.energy.2019.04.155 10.1016/j.intfin.2014.04.006 10.1016/j.eneco.2019.06.007 |
| ContentType | Journal Article |
| Copyright | 2021 Elsevier B.V. Attribution - NonCommercial |
| Copyright_xml | – notice: 2021 Elsevier B.V. – notice: Attribution - NonCommercial |
| DBID | AAYXX CITATION 1XC BXJBU IHQJB VOOES |
| DOI | 10.1016/j.econmod.2021.105588 |
| DatabaseName | CrossRef Hyper Article en Ligne (HAL) HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société HAL-SHS: Archive ouverte en Sciences de l'Homme et de la Société (Open Access) Hyper Article en Ligne (HAL) (Open Access) |
| DatabaseTitle | CrossRef |
| DatabaseTitleList | |
| DeliveryMethod | fulltext_linktorsrc |
| Discipline | Economics |
| EISSN | 1873-6122 |
| ExternalDocumentID | oai:HAL:hal-04998990v1 10_1016_j_econmod_2021_105588 S0264999321001772 |
| GroupedDBID | --K --M .L6 .~1 0R~ 1B1 1OL 1RT 1~. 1~5 29G 3R3 4.4 457 4G. 5GY 5VS 63O 7-5 71M 8P~ 9JO AACTN AAEDT AAEDW AAFFL AAIAV AAIKJ AAKOC AALRI AAOAW AAPFB AAQFI AAQXK AAXUO ABFNM ABFRF ABJNI ABMAC ABXDB ABYKQ ACDAQ ACGFO ACGFS ACHQT ACIWK ACNCT ACRLP ACROA ADBBV ADEZE ADFHU ADMUD AEBSH AEFWE AEKER AEYQN AFKWA AFODL AFTJW AGHFR AGTHC AGUBO AGYEJ AHHHB AIEXJ AIIAU AIKHN AITUG AJBFU AJOXV AJWLA ALMA_UNASSIGNED_HOLDINGS AMFUW AMRAJ ASPBG AVWKF AXJTR AXLSJ AZFZN BEHZQ BEZPJ BGSCR BKOJK BKOMP BLXMC BNTGB BPUDD BULVW BZJEE CS3 DU5 EBS EFJIC EFLBG EJD EO8 EO9 EP2 EP3 F5P FDB FEDTE FGOYB FIRID FNPLU FYGXN G-2 G-Q GBLVA HMB HVGLF HZ~ IHE IXIXF J1W KOM LW9 LY5 LY9 M41 MO0 MS~ MVM N9A O-L O9- OAUVE OZT P-8 P-9 P2P PC. PQQKQ Q38 R2- RIG ROL RPZ SDF SDG SDP SEB SEE SES SEW SPCBC SSB SSF SSZ T5K TN5 U5U UNMZH WH7 WUQ Y6R YK3 ~G- 9DU AATTM AAXKI AAYWO AAYXX ABWVN ACLOT ACRPL ACVFH ADCNI ADMHG ADNMO AEIPS AEUPX AFJKZ AFPUW AGQPQ AIGII AIIUN AKBMS AKRWK AKYEP ANKPU APXCP CITATION EFKBS ~HD 1XC BXJBU IHQJB VOOES |
| ID | FETCH-LOGICAL-c376t-af3ee3a000a38339290b6718a3d3cac5fb23c9b2c79abb2a2a84267a30a756ee3 |
| ISICitedReferencesCount | 332 |
| ISICitedReferencesURI | http://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=Summon&SrcAuth=ProQuest&DestLinkType=CitingArticles&DestApp=WOS_CPL&KeyUT=000680417500029&url=https%3A%2F%2Fcvtisr.summon.serialssolutions.com%2F%23%21%2Fsearch%3Fho%3Df%26include.ft.matches%3Dt%26l%3Dnull%26q%3D |
| ISSN | 0264-9993 |
| IngestDate | Tue Oct 14 20:49:55 EDT 2025 Tue Nov 18 21:52:01 EST 2025 Sat Nov 29 07:19:22 EST 2025 Fri Feb 23 02:44:02 EST 2024 |
| IsDoiOpenAccess | true |
| IsOpenAccess | true |
| IsPeerReviewed | true |
| IsScholarly | true |
| Keywords | COVID–19 Gold Hedge G11 G01 G23 G15 Safe-haven asset Financial crisis COVID-19 |
| Language | English |
| License | Attribution - NonCommercial: http://creativecommons.org/licenses/by-nc |
| LinkModel | OpenURL |
| MergedId | FETCHMERGED-LOGICAL-c376t-af3ee3a000a38339290b6718a3d3cac5fb23c9b2c79abb2a2a84267a30a756ee3 |
| ORCID | 0000-0002-4052-8235 0000-0002-6416-2952 |
| OpenAccessLink | https://hal.science/hal-04998990 |
| ParticipantIDs | hal_primary_oai_HAL_hal_04998990v1 crossref_primary_10_1016_j_econmod_2021_105588 crossref_citationtrail_10_1016_j_econmod_2021_105588 elsevier_sciencedirect_doi_10_1016_j_econmod_2021_105588 |
| PublicationCentury | 2000 |
| PublicationDate | 2021-09-01 |
| PublicationDateYYYYMMDD | 2021-09-01 |
| PublicationDate_xml | – month: 09 year: 2021 text: 2021-09-01 day: 01 |
| PublicationDecade | 2020 |
| PublicationTitle | Economic modelling |
| PublicationYear | 2021 |
| Publisher | Elsevier B.V Elsevier |
| Publisher_xml | – name: Elsevier B.V – name: Elsevier |
| References | (bib67) 2020 Tachibana (bib65) 2018; 35 Bollerslev (bib21) 1986; 31 Akhtaruzzaman, Shamsuddin, Easton (bib10) 2014; 31 The Guardian (bib66) 2020 Brooks, Burke (bib26) 2003; 9 Akhtaruzzaman, Abdel-Qader, Hammami, Shams (bib5) 2021; 38 Cerullli Associates (bib28) 2020;April Engle, Kelly (bib37) 2012; 30 Agyei-Ampomah, Gounopoulos, Mazouz (bib2) 2014; 40 Iglesias-Casal, López-Penabad, López-Andión, Maside-Sanfiz (bib43) 2020; 85 Arouri, Lahiani, Nguyen (bib12) 2015; 44 Selmi, Mensi, Hammoudeh, Bouoiyour (bib61) 2018; 74 Akhtaruzzaman, Sensoy, Corbet (bib8) 2020; 37 Nasreen, Tiwari, Eizaguirre, Wohar (bib52) 2020; 260 Bloomberg (bib20) 2020 (bib71) 2020 Ahmad, Sadorsky, Sharma (bib3) 2018; 72 Boubaker, Cunado, Gil-Alana, Gupta (bib22) 2020; 540 Bouri, Jalkh (bib23) 2019; 157 Kroner, Ng (bib46) 1998; 11 Aielli (bib4) 2013; 31 Zhang, Broadstock (bib73) 2020; 68 Bouri, Shahzad, Roubaud, Kristoufek, Lucey (bib24) 2020; 77 Akhtaruzzaman, Boubaker, Chiah, Zhong (bib6) 2021 Baur, Smales (bib74) 2020; 117 Bloomberg (bib19) 2020 Elie, Naji, Dutta, Uddin (bib35) 2019; 178 Batten, Kinateder, Szilagyi, Wagner (bib14) 2021; 93 Fatum, Yamamoto (bib39) 2016; 66 Beckmann, Berger, Czudaj (bib17) 2015; 48 Ciner, Gurdgiev, Lucey (bib32) 2013; 29 Chang, McAleer, Tansuchat (bib29) 2011; 33 Ji, Zhang, Zhao (bib44) 2020 Li, McLeod (bib49) 1981; 43 Longstaff (bib50) 2004; 77 Lucey, Li (bib51) 2015; 22 Shahzad, Bouri, Roubaud, Kristoufek (bib62) 2020; 87 Tse (bib68) 2000; 98 Elsayed, Yarovaya (bib36) 2019; 62 Turhan, Sensoy, Hacihasanoglu (bib69) 2014; 32 Engle (bib38) 2002; 20 World Gold Council (bib72) 2020 Kroner, Sultan (bib47) 1993; 28 Pan, Wang, Yang (bib53) 2014; 46 Basher, Sadorsky (bib13) 2016; 54 Shahzad, Raza, Roubaud, Hernandez, Bekiros (bib64) 2019; 17 Junttila, Pesonen, Raatikainen (bib45) 2018; 56 WHO (bib70) 2021 Cheema, Faff, Szulczuk (bib31) July 7, 2020 Reboredo (bib57) 2010; 42 Akhtaruzzaman, Shamsuddin (bib9) 2016; 59 Hosking (bib41) 1980; 75 Reboredo (bib58) 2013; 38 Ranaldo, Söderlind (bib54) 2010; 14 Adrian, Crump, Vogt (bib1) 2019; 74 Salisu, Vo, Lawal (bib60) 2020 Hussain Shahzad, Bouri, Roubaud, Kristoufek (bib42) 2020; 87 Raza, Ali, Shahzad, Raza (bib55) 2018; 57 Cappiello, Engle, Sheppard (bib27) 2006; 4 Glosten, Jagannathan, Runkle (bib40) 1993; 48 Diebold, Yilmaz (bib33) 2009; 119 Baur, Lucey (bib15) 2010; 45 Charfeddine, Benlagha, Maouchi (bib30) 2020; 85 Diebold, Yilmaz (bib34) 2012; 28 Reboredo (bib59) 2013; 37 Ali, Bouri, Czudaj, Shahzad (bib11) 2020; 66 Brogaard, Hendershott, Riordan (bib25) 2014; 27 Li, Lucey (bib48) 2017; 7 Bekiros, Boubaker, Nguyen, Uddin (bib18) 2017; 73 Raza, Ali, Shahzad, Rehman, Salman (bib56) 2019; 61 Shahzad, Bouri, Roubaud, Kristoufek, Lucey (bib63) 2019; 63 Akhtaruzzaman, Boubaker, Sensoy (bib7) 2021; 38 Baur, McDermott (bib16) 2010; 34 Diebold (10.1016/j.econmod.2021.105588_bib34) 2012; 28 Ji (10.1016/j.econmod.2021.105588_bib44) 2020 Kroner (10.1016/j.econmod.2021.105588_bib47) 1993; 28 Ciner (10.1016/j.econmod.2021.105588_bib32) 2013; 29 Raza (10.1016/j.econmod.2021.105588_bib55) 2018; 57 Fatum (10.1016/j.econmod.2021.105588_bib39) 2016; 66 Li (10.1016/j.econmod.2021.105588_bib49) 1981; 43 Glosten (10.1016/j.econmod.2021.105588_bib40) 1993; 48 Diebold (10.1016/j.econmod.2021.105588_bib33) 2009; 119 Bouri (10.1016/j.econmod.2021.105588_bib24) 2020; 77 Charfeddine (10.1016/j.econmod.2021.105588_bib30) 2020; 85 Akhtaruzzaman (10.1016/j.econmod.2021.105588_bib8) 2020; 37 Brooks (10.1016/j.econmod.2021.105588_bib26) 2003; 9 The Guardian (10.1016/j.econmod.2021.105588_bib66) 2020 Baur (10.1016/j.econmod.2021.105588_bib74) 2020; 117 Tse (10.1016/j.econmod.2021.105588_bib68) 2000; 98 Bouri (10.1016/j.econmod.2021.105588_bib23) 2019; 157 Elie (10.1016/j.econmod.2021.105588_bib35) 2019; 178 Cheema (10.1016/j.econmod.2021.105588_bib31) 2020 Adrian (10.1016/j.econmod.2021.105588_bib1) 2019; 74 Raza (10.1016/j.econmod.2021.105588_bib56) 2019; 61 Beckmann (10.1016/j.econmod.2021.105588_bib17) 2015; 48 Reboredo (10.1016/j.econmod.2021.105588_bib58) 2013; 38 Elsayed (10.1016/j.econmod.2021.105588_bib36) 2019; 62 Akhtaruzzaman (10.1016/j.econmod.2021.105588_bib10) 2014; 31 Boubaker (10.1016/j.econmod.2021.105588_bib22) 2020; 540 Engle (10.1016/j.econmod.2021.105588_bib38) 2002; 20 Basher (10.1016/j.econmod.2021.105588_bib13) 2016; 54 World Gold Council (10.1016/j.econmod.2021.105588_bib72) 2020 Li (10.1016/j.econmod.2021.105588_bib48) 2017; 7 (10.1016/j.econmod.2021.105588_bib71) 2020 Lucey (10.1016/j.econmod.2021.105588_bib51) 2015; 22 Bekiros (10.1016/j.econmod.2021.105588_bib18) 2017; 73 Shahzad (10.1016/j.econmod.2021.105588_bib64) 2019; 17 Baur (10.1016/j.econmod.2021.105588_bib16) 2010; 34 Cerullli Associates (10.1016/j.econmod.2021.105588_bib28) 2020 Baur (10.1016/j.econmod.2021.105588_bib15) 2010; 45 Bollerslev (10.1016/j.econmod.2021.105588_bib21) 1986; 31 Ali (10.1016/j.econmod.2021.105588_bib11) 2020; 66 Zhang (10.1016/j.econmod.2021.105588_bib73) 2020; 68 Akhtaruzzaman (10.1016/j.econmod.2021.105588_bib7) 2021; 38 Akhtaruzzaman (10.1016/j.econmod.2021.105588_bib9) 2016; 59 WHO (10.1016/j.econmod.2021.105588_bib70) 2021 Bloomberg (10.1016/j.econmod.2021.105588_bib20) 2020 Kroner (10.1016/j.econmod.2021.105588_bib46) 1998; 11 Tachibana (10.1016/j.econmod.2021.105588_bib65) 2018; 35 Hosking (10.1016/j.econmod.2021.105588_bib41) 1980; 75 Reboredo (10.1016/j.econmod.2021.105588_bib59) 2013; 37 Reboredo (10.1016/j.econmod.2021.105588_bib57) 2010; 42 Junttila (10.1016/j.econmod.2021.105588_bib45) 2018; 56 (10.1016/j.econmod.2021.105588_bib67) 2020 Hussain Shahzad (10.1016/j.econmod.2021.105588_bib42) 2020; 87 Cappiello (10.1016/j.econmod.2021.105588_bib27) 2006; 4 Akhtaruzzaman (10.1016/j.econmod.2021.105588_bib5) 2021; 38 Longstaff (10.1016/j.econmod.2021.105588_bib50) 2004; 77 Nasreen (10.1016/j.econmod.2021.105588_bib52) 2020; 260 Salisu (10.1016/j.econmod.2021.105588_bib60) 2020 Shahzad (10.1016/j.econmod.2021.105588_bib63) 2019; 63 Bloomberg (10.1016/j.econmod.2021.105588_bib19) 2020 Chang (10.1016/j.econmod.2021.105588_bib29) 2011; 33 Selmi (10.1016/j.econmod.2021.105588_bib61) 2018; 74 Iglesias-Casal (10.1016/j.econmod.2021.105588_bib43) 2020; 85 Brogaard (10.1016/j.econmod.2021.105588_bib25) 2014; 27 Ranaldo (10.1016/j.econmod.2021.105588_bib54) 2010; 14 Ahmad (10.1016/j.econmod.2021.105588_bib3) 2018; 72 Pan (10.1016/j.econmod.2021.105588_bib53) 2014; 46 Akhtaruzzaman (10.1016/j.econmod.2021.105588_bib6) 2021 Turhan (10.1016/j.econmod.2021.105588_bib69) 2014; 32 Agyei-Ampomah (10.1016/j.econmod.2021.105588_bib2) 2014; 40 Shahzad (10.1016/j.econmod.2021.105588_bib62) 2020; 87 Batten (10.1016/j.econmod.2021.105588_bib14) 2021; 93 Engle (10.1016/j.econmod.2021.105588_bib37) 2012; 30 Arouri (10.1016/j.econmod.2021.105588_bib12) 2015; 44 Aielli (10.1016/j.econmod.2021.105588_bib4) 2013; 31 |
| References_xml | – volume: 62 start-page: 20 year: 2019 end-page: 34 ident: bib36 article-title: Financial stress dynamics in the MENA region: evidence from the Arab spring publication-title: J. Int. Financ. Mark. Inst. Money – volume: 38 start-page: 130 year: 2013 end-page: 137 ident: bib58 article-title: Is gold a hedge or safe haven against oil price movements? publication-title: Resour. Pol. – volume: 93 start-page: 104422 year: 2021 ident: bib14 article-title: Hedging stocks with oil publication-title: Energy Econ. – year: 2021 ident: bib70 article-title: WHO Coronavirus Disease (COVID-19) Dashboard – start-page: 101882 year: 2021 ident: bib6 article-title: COVID−19 and oil price risk exposure publication-title: Finance Res. Lett. – volume: 38 start-page: 101604 year: 2021 ident: bib7 article-title: Financial contagion during COVID-19 crisis publication-title: Finance Res. Lett. – volume: 540 start-page: 123093 year: 2020 ident: bib22 article-title: Global crises and gold as a safe haven: evidence from over seven and a half centuries of data publication-title: Phys. Stat. Mech. Appl. – year: July 7, 2020 ident: bib31 article-title: The 2008 Global Financial Crisis and COVID-19 Pandemic: How Safe Are the Safe Haven Assets? – year: 2020 ident: bib19 article-title: Perfect Storm Plunges Asia Stocks into Bear Markets One by One – volume: 117 start-page: 105823 year: 2020 ident: bib74 article-title: Hedging geopolitical risk with precious metals publication-title: J. Bank. Finance – volume: 34 start-page: 1886 year: 2010 end-page: 1898 ident: bib16 article-title: Is gold a safe haven? International evidence publication-title: J. Bank. Finance – volume: 9 start-page: 557 year: 2003 end-page: 580 ident: bib26 article-title: Information criteria for GARCH model selection publication-title: Eur. J. Finance – volume: 260 start-page: 121015 year: 2020 ident: bib52 article-title: Dynamic connectedness between oil prices and stock returns of clean energy and technology companies publication-title: J. Clean. Prod. – volume: 43 start-page: 231 year: 1981 end-page: 239 ident: bib49 article-title: Distribution of the residual autocorrelations in multivariate ARMA time series models publication-title: J. Roy. Stat. Soc. B – start-page: 101526 year: 2020 ident: bib44 article-title: Searching for safe-haven assets during the COVID-19 pandemic publication-title: Int. Rev. Financ. Anal. – volume: 48 start-page: 16 year: 2015 end-page: 24 ident: bib17 article-title: Does gold act as a hedge or a safe haven for stocks? A smooth transition approach publication-title: Econ. Modell. – volume: 87 start-page: 212 year: 2020 end-page: 224 ident: bib62 article-title: Safe haven, hedge and diversification for G7 stock markets: gold versus Bitcoin publication-title: Econ. Modell. – volume: 119 start-page: 158 year: 2009 end-page: 171 ident: bib33 article-title: Measuring financial asset return and volatility spillovers, with application to global equity markets publication-title: Econ. J. – volume: 57 start-page: 10 year: 2018 end-page: 29 ident: bib55 article-title: Do commodities effectively hedge real estate risk? A multi-scale asymmetric DCC approach publication-title: Resour. Pol. – volume: 38 start-page: 101393 year: 2021 ident: bib5 article-title: Is China a source of financial contagion? publication-title: Finance Res. Lett. – volume: 66 start-page: 49 year: 2016 end-page: 64 ident: bib39 article-title: Intra-safe haven currency behavior during the global financial crisis publication-title: J. Int. Money Finance – volume: 4 start-page: 537 year: 2006 end-page: 572 ident: bib27 article-title: Asymmetric dynamics in the correlations of global equity and bond returns publication-title: J. Financ. Econom. – volume: 66 year: 2020 ident: bib11 article-title: Revisiting the valuable roles of commodities for international stock markets publication-title: Resour. Pol. – volume: 74 start-page: 1931 year: 2019 end-page: 1973 ident: bib1 article-title: Nonlinearity and flight-to-safety in the risk-return trade-off for stocks and bonds publication-title: J. Finance – year: 2020 ident: bib20 article-title: Oil for Less than Nothing? Here's How that Happened – volume: 17 start-page: 885 year: 2019 end-page: 912 ident: bib64 article-title: Gold as safe haven for G-7 stocks and bonds: a revisit publication-title: J. Quant. Econ. – volume: 68 start-page: 101239 year: 2020 ident: bib73 article-title: Global financial crisis and rising connectedness in the international commodity markets publication-title: Int. Rev. Financ. Anal. – volume: 27 start-page: 2267 year: 2014 end-page: 2306 ident: bib25 article-title: High-frequency trading and price discovery publication-title: Rev. Financ. Stud. – volume: 85 start-page: 106 year: 2020 end-page: 118 ident: bib43 article-title: Diversification and optimal hedges for socially responsible investment in Brazil publication-title: Econ. Modell. – volume: 59 start-page: 143 year: 2016 end-page: 163 ident: bib9 article-title: International contagion through financial versus non-financial firms publication-title: Econ. Modell. – volume: 37 start-page: 101344 year: 2020 ident: bib8 article-title: The influence of Bitcoin on portfolio diversification and design publication-title: Finance Res. Lett. – volume: 14 start-page: 385 year: 2010 end-page: 407 ident: bib54 article-title: Safe haven currencies publication-title: Rev. Finance – year: 2020 ident: bib67 article-title: The CARES Act Works for All Americans – volume: 46 start-page: 472 year: 2014 end-page: 484 ident: bib53 article-title: Hedging crude oil using refined product: a regime switching asymmetric DCC approach publication-title: Energy Econ. – volume: 48 start-page: 1779 year: 1993 end-page: 1801 ident: bib40 article-title: On the relation between the expected value and the volatility of the nominal excess return on stocks publication-title: J. Finance – volume: 30 start-page: 212 year: 2012 end-page: 228 ident: bib37 article-title: Dynamic equicorrelation publication-title: J. Bus. Econ. Stat. – volume: 98 start-page: 107 year: 2000 end-page: 127 ident: bib68 article-title: A test for constant correlations in a multivariate GARCH model publication-title: J. Econom. – volume: 7 start-page: 1 year: 2017 end-page: 14 ident: bib48 article-title: Reassessing the role of precious metals as safe havens–What colour is your haven and why? publication-title: Journal of Commodity Markets – volume: 32 start-page: 397 year: 2014 end-page: 414 ident: bib69 article-title: A comparative analysis of the dynamic relationship between oil prices and exchange rates publication-title: J. Int. Financ. Mark. Inst. Money – volume: 87 start-page: 212 year: 2020 end-page: 224 ident: bib42 article-title: Safe haven, hedge and diversification for G7 stock markets: gold versus Bitcoin publication-title: Econ. Modell. – volume: 22 start-page: 35 year: 2015 end-page: 45 ident: bib51 article-title: What precious metals act as safe havens, and when? Some US evidence publication-title: Appl. Econ. Lett. – volume: 29 start-page: 202 year: 2013 end-page: 211 ident: bib32 article-title: Hedges and safe havens: an examination of stocks, bonds, gold, oil and exchange rates publication-title: Int. Rev. Financ. Anal. – year: 2020 ident: bib66 article-title: FTSE 100 Suffers Worst Quarter since 1987 as COVID-19 Recession Looms - as it Happened – volume: 33 start-page: 912 year: 2011 end-page: 923 ident: bib29 article-title: Crude oil hedging strategies using dynamic multivariate GARCH publication-title: Energy Econ. – volume: 44 start-page: 273 year: 2015 end-page: 282 ident: bib12 article-title: World gold prices and stock returns in China: insights for hedging and diversification strategies publication-title: Econ. Modell. – start-page: 101897 year: 2020 ident: bib60 article-title: Hedging oil price risk with gold during COVID-19 pandemic publication-title: Resour. Pol. – volume: 45 start-page: 217 year: 2010 end-page: 229 ident: bib15 article-title: Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold publication-title: Financ. Rev. – volume: 73 start-page: 317 year: 2017 end-page: 334 ident: bib18 article-title: Black swan events and safe havens: the role of gold in globally integrated emerging markets publication-title: J. Int. Money Finance – volume: 11 start-page: 817 year: 1998 end-page: 844 ident: bib46 article-title: Modeling asymmetric comovements of asset returns publication-title: Rev. Financ. Stud. – volume: 31 start-page: 378 year: 2014 end-page: 396 ident: bib10 article-title: Dynamic correlation analysis of spillover effects of interest rate risk and return on Australian and US financial firms publication-title: J. Int. Financ. Mark. Inst. Money – volume: 56 start-page: 255 year: 2018 end-page: 280 ident: bib45 article-title: Commodity market based hedging against stock market risk in times of financial crisis: the case of crude oil and gold publication-title: J. Int. Financ. Mark. Inst. Money – volume: 75 start-page: 602 year: 1980 end-page: 608 ident: bib41 article-title: The multivariate portmanteau statistic publication-title: J. Am. Stat. Assoc. – volume: 74 start-page: 787 year: 2018 end-page: 801 ident: bib61 article-title: Is Bitcoin a hedge, a safe haven or a diversifier for oil price movements? A comparison with gold publication-title: Energy Econ. – volume: 28 start-page: 535 year: 1993 end-page: 551 ident: bib47 article-title: Time-varying distributions and dynamic hedging with foreign currency futures publication-title: J. Financ. Quant. Anal. – volume: 54 start-page: 235 year: 2016 end-page: 247 ident: bib13 article-title: Hedging emerging market stock prices with oil, gold, VIX, and bonds: a comparison between DCC, ADCC and GO-GARCH publication-title: Energy Econ. – volume: 72 start-page: 278 year: 2018 end-page: 295 ident: bib3 article-title: Optimal hedge ratios for clean energy equities publication-title: Econ. Modell. – volume: 85 start-page: 198 year: 2020 end-page: 217 ident: bib30 article-title: Investigating the dynamic relationship between cryptocurrencies and conventional assets: implications for financial investors publication-title: Econ. Modell. – volume: 37 start-page: 2665 year: 2013 end-page: 2676 ident: bib59 article-title: Is gold a safe haven or a hedge for the US dollar? Implications for risk management publication-title: J. Bank. Finance – volume: 31 start-page: 307 year: 1986 end-page: 327 ident: bib21 article-title: Generalized autoregressive conditional heteroskedasticity publication-title: J. Econom. – year: 2020 ident: bib72 article-title: The Relevance of Gold as a Strategic Asset – volume: 157 start-page: 117 year: 2019 end-page: 133 ident: bib23 article-title: Conditional quantiles and tail dependence in the volatilities of gold and silver publication-title: International Economics – volume: 20 start-page: 339 year: 2002 ident: bib38 article-title: Dynamic conditional correlation: a simple class of multivariate generalized autoregressive conditional heteroskedasticity models publication-title: J. Bus. Econ. Stat. – volume: 28 start-page: 57 year: 2012 end-page: 66 ident: bib34 article-title: Better to give than to receive: predictive directional measurement of volatility spillovers publication-title: Int. J. Forecast. – year: 2020 ident: bib71 article-title: Mad March: How the Stock Market Is Being Hit by COVID-19 – volume: 42 start-page: 3735 year: 2010 end-page: 3744 ident: bib57 article-title: Nonlinear effects of oil shocks on stock returns: a Markov-switching approach publication-title: Appl. Econ. – volume: 40 start-page: 507 year: 2014 end-page: 521 ident: bib2 article-title: Does gold offer a better protection against losses in sovereign debt bonds than other metals? publication-title: J. Bank. Finance – volume: 77 start-page: 511 year: 2004 end-page: 526 ident: bib50 article-title: The flight-to-liquidity premium in US treasury bond prices publication-title: J. Bus. – year: 2020;April ident: bib28 article-title: The Coronavirus Pandemic Is Affecting Gold's Safe Haven Status – volume: 31 start-page: 282 year: 2013 end-page: 299 ident: bib4 article-title: Dynamic conditional correlation: on properties and estimation publication-title: J. Bus. Econ. Stat. – volume: 77 start-page: 156 year: 2020 end-page: 164 ident: bib24 article-title: Bitcoin, gold, and commodities as safe havens for stocks: new insight through wavelet analysis publication-title: Q. Rev. Econ. Finance – volume: 63 start-page: 322 year: 2019 end-page: 330 ident: bib63 article-title: Is Bitcoin a better safe-haven investment than gold and commodities? publication-title: Int. Rev. Financ. Anal. – volume: 61 start-page: 210 year: 2019 end-page: 230 ident: bib56 article-title: Can alternative hedging assets add value to Islamic-conventional portfolio mix: evidence from MGARCH models publication-title: Resour. Pol. – volume: 178 start-page: 544 year: 2019 end-page: 553 ident: bib35 article-title: Gold and crude oil as safe-haven assets for clean energy stock indices: blended copulas approach publication-title: Energy – volume: 35 start-page: 82 year: 2018 end-page: 96 ident: bib65 article-title: Safe-haven and hedge currencies for the US, UK, and euro area stock markets: a copula-based approach publication-title: Global Finance J. – volume: 157 start-page: 117 year: 2019 ident: 10.1016/j.econmod.2021.105588_bib23 article-title: Conditional quantiles and tail dependence in the volatilities of gold and silver publication-title: International Economics doi: 10.1016/j.inteco.2018.10.001 – volume: 30 start-page: 212 year: 2012 ident: 10.1016/j.econmod.2021.105588_bib37 article-title: Dynamic equicorrelation publication-title: J. Bus. Econ. Stat. doi: 10.1080/07350015.2011.652048 – volume: 87 start-page: 212 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib42 article-title: Safe haven, hedge and diversification for G7 stock markets: gold versus Bitcoin publication-title: Econ. Modell. doi: 10.1016/j.econmod.2019.07.023 – volume: 98 start-page: 107 year: 2000 ident: 10.1016/j.econmod.2021.105588_bib68 article-title: A test for constant correlations in a multivariate GARCH model publication-title: J. Econom. doi: 10.1016/S0304-4076(99)00080-9 – volume: 66 start-page: 49 year: 2016 ident: 10.1016/j.econmod.2021.105588_bib39 article-title: Intra-safe haven currency behavior during the global financial crisis publication-title: J. Int. Money Finance doi: 10.1016/j.jimonfin.2015.12.007 – volume: 44 start-page: 273 year: 2015 ident: 10.1016/j.econmod.2021.105588_bib12 article-title: World gold prices and stock returns in China: insights for hedging and diversification strategies publication-title: Econ. Modell. doi: 10.1016/j.econmod.2014.10.030 – volume: 540 start-page: 123093 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib22 article-title: Global crises and gold as a safe haven: evidence from over seven and a half centuries of data publication-title: Phys. Stat. Mech. Appl. doi: 10.1016/j.physa.2019.123093 – volume: 29 start-page: 202 year: 2013 ident: 10.1016/j.econmod.2021.105588_bib32 article-title: Hedges and safe havens: an examination of stocks, bonds, gold, oil and exchange rates publication-title: Int. Rev. Financ. Anal. doi: 10.1016/j.irfa.2012.12.001 – volume: 66 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib11 article-title: Revisiting the valuable roles of commodities for international stock markets publication-title: Resour. Pol. doi: 10.1016/j.resourpol.2020.101603 – volume: 43 start-page: 231 year: 1981 ident: 10.1016/j.econmod.2021.105588_bib49 article-title: Distribution of the residual autocorrelations in multivariate ARMA time series models publication-title: J. Roy. Stat. Soc. B doi: 10.1111/j.2517-6161.1981.tb01175.x – volume: 38 start-page: 101393 year: 2021 ident: 10.1016/j.econmod.2021.105588_bib5 article-title: Is China a source of financial contagion? publication-title: Finance Res. Lett. doi: 10.1016/j.frl.2019.101393 – volume: 9 start-page: 557 year: 2003 ident: 10.1016/j.econmod.2021.105588_bib26 article-title: Information criteria for GARCH model selection publication-title: Eur. J. Finance doi: 10.1080/1351847021000029188 – volume: 32 start-page: 397 year: 2014 ident: 10.1016/j.econmod.2021.105588_bib69 article-title: A comparative analysis of the dynamic relationship between oil prices and exchange rates publication-title: J. Int. Financ. Mark. Inst. Money doi: 10.1016/j.intfin.2014.07.003 – volume: 34 start-page: 1886 year: 2010 ident: 10.1016/j.econmod.2021.105588_bib16 article-title: Is gold a safe haven? International evidence publication-title: J. Bank. Finance doi: 10.1016/j.jbankfin.2009.12.008 – year: 2020 ident: 10.1016/j.econmod.2021.105588_bib31 – volume: 48 start-page: 1779 year: 1993 ident: 10.1016/j.econmod.2021.105588_bib40 article-title: On the relation between the expected value and the volatility of the nominal excess return on stocks publication-title: J. Finance doi: 10.1111/j.1540-6261.1993.tb05128.x – volume: 33 start-page: 912 year: 2011 ident: 10.1016/j.econmod.2021.105588_bib29 article-title: Crude oil hedging strategies using dynamic multivariate GARCH publication-title: Energy Econ. doi: 10.1016/j.eneco.2011.01.009 – volume: 68 start-page: 101239 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib73 article-title: Global financial crisis and rising connectedness in the international commodity markets publication-title: Int. Rev. Financ. Anal. doi: 10.1016/j.irfa.2018.08.003 – volume: 17 start-page: 885 year: 2019 ident: 10.1016/j.econmod.2021.105588_bib64 article-title: Gold as safe haven for G-7 stocks and bonds: a revisit publication-title: J. Quant. Econ. doi: 10.1007/s40953-019-00163-1 – year: 2021 ident: 10.1016/j.econmod.2021.105588_bib70 – volume: 35 start-page: 82 year: 2018 ident: 10.1016/j.econmod.2021.105588_bib65 article-title: Safe-haven and hedge currencies for the US, UK, and euro area stock markets: a copula-based approach publication-title: Global Finance J. doi: 10.1016/j.gfj.2017.07.001 – volume: 4 start-page: 537 year: 2006 ident: 10.1016/j.econmod.2021.105588_bib27 article-title: Asymmetric dynamics in the correlations of global equity and bond returns publication-title: J. Financ. Econom. – volume: 74 start-page: 787 year: 2018 ident: 10.1016/j.econmod.2021.105588_bib61 article-title: Is Bitcoin a hedge, a safe haven or a diversifier for oil price movements? A comparison with gold publication-title: Energy Econ. doi: 10.1016/j.eneco.2018.07.007 – volume: 260 start-page: 121015 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib52 article-title: Dynamic connectedness between oil prices and stock returns of clean energy and technology companies publication-title: J. Clean. Prod. doi: 10.1016/j.jclepro.2020.121015 – volume: 119 start-page: 158 year: 2009 ident: 10.1016/j.econmod.2021.105588_bib33 article-title: Measuring financial asset return and volatility spillovers, with application to global equity markets publication-title: Econ. J. doi: 10.1111/j.1468-0297.2008.02208.x – start-page: 101897 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib60 article-title: Hedging oil price risk with gold during COVID-19 pandemic publication-title: Resour. Pol. – volume: 85 start-page: 198 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib30 article-title: Investigating the dynamic relationship between cryptocurrencies and conventional assets: implications for financial investors publication-title: Econ. Modell. doi: 10.1016/j.econmod.2019.05.016 – year: 2020 ident: 10.1016/j.econmod.2021.105588_bib28 – volume: 27 start-page: 2267 year: 2014 ident: 10.1016/j.econmod.2021.105588_bib25 article-title: High-frequency trading and price discovery publication-title: Rev. Financ. Stud. doi: 10.1093/rfs/hhu032 – volume: 20 start-page: 339 year: 2002 ident: 10.1016/j.econmod.2021.105588_bib38 article-title: Dynamic conditional correlation: a simple class of multivariate generalized autoregressive conditional heteroskedasticity models publication-title: J. Bus. Econ. Stat. doi: 10.1198/073500102288618487 – volume: 74 start-page: 1931 year: 2019 ident: 10.1016/j.econmod.2021.105588_bib1 article-title: Nonlinearity and flight-to-safety in the risk-return trade-off for stocks and bonds publication-title: J. Finance doi: 10.1111/jofi.12776 – volume: 28 start-page: 535 year: 1993 ident: 10.1016/j.econmod.2021.105588_bib47 article-title: Time-varying distributions and dynamic hedging with foreign currency futures publication-title: J. Financ. Quant. Anal. doi: 10.2307/2331164 – volume: 77 start-page: 511 year: 2004 ident: 10.1016/j.econmod.2021.105588_bib50 article-title: The flight-to-liquidity premium in US treasury bond prices publication-title: J. Bus. – volume: 72 start-page: 278 year: 2018 ident: 10.1016/j.econmod.2021.105588_bib3 article-title: Optimal hedge ratios for clean energy equities publication-title: Econ. Modell. doi: 10.1016/j.econmod.2018.02.008 – volume: 37 start-page: 2665 year: 2013 ident: 10.1016/j.econmod.2021.105588_bib59 article-title: Is gold a safe haven or a hedge for the US dollar? Implications for risk management publication-title: J. Bank. Finance doi: 10.1016/j.jbankfin.2013.03.020 – volume: 31 start-page: 282 year: 2013 ident: 10.1016/j.econmod.2021.105588_bib4 article-title: Dynamic conditional correlation: on properties and estimation publication-title: J. Bus. Econ. Stat. doi: 10.1080/07350015.2013.771027 – volume: 42 start-page: 3735 year: 2010 ident: 10.1016/j.econmod.2021.105588_bib57 article-title: Nonlinear effects of oil shocks on stock returns: a Markov-switching approach publication-title: Appl. Econ. doi: 10.1080/00036840802314606 – volume: 56 start-page: 255 year: 2018 ident: 10.1016/j.econmod.2021.105588_bib45 article-title: Commodity market based hedging against stock market risk in times of financial crisis: the case of crude oil and gold publication-title: J. Int. Financ. Mark. Inst. Money doi: 10.1016/j.intfin.2018.01.002 – volume: 37 start-page: 101344 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib8 article-title: The influence of Bitcoin on portfolio diversification and design publication-title: Finance Res. Lett. doi: 10.1016/j.frl.2019.101344 – volume: 38 start-page: 101604 year: 2021 ident: 10.1016/j.econmod.2021.105588_bib7 article-title: Financial contagion during COVID-19 crisis publication-title: Finance Res. Lett. doi: 10.1016/j.frl.2020.101604 – volume: 28 start-page: 57 year: 2012 ident: 10.1016/j.econmod.2021.105588_bib34 article-title: Better to give than to receive: predictive directional measurement of volatility spillovers publication-title: Int. J. Forecast. doi: 10.1016/j.ijforecast.2011.02.006 – start-page: 101526 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib44 article-title: Searching for safe-haven assets during the COVID-19 pandemic publication-title: Int. Rev. Financ. Anal. doi: 10.1016/j.irfa.2020.101526 – volume: 31 start-page: 307 year: 1986 ident: 10.1016/j.econmod.2021.105588_bib21 article-title: Generalized autoregressive conditional heteroskedasticity publication-title: J. Econom. doi: 10.1016/0304-4076(86)90063-1 – volume: 14 start-page: 385 year: 2010 ident: 10.1016/j.econmod.2021.105588_bib54 article-title: Safe haven currencies publication-title: Rev. Finance doi: 10.1093/rof/rfq007 – year: 2020 ident: 10.1016/j.econmod.2021.105588_bib72 – volume: 48 start-page: 16 year: 2015 ident: 10.1016/j.econmod.2021.105588_bib17 article-title: Does gold act as a hedge or a safe haven for stocks? A smooth transition approach publication-title: Econ. Modell. doi: 10.1016/j.econmod.2014.10.044 – volume: 77 start-page: 156 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib24 article-title: Bitcoin, gold, and commodities as safe havens for stocks: new insight through wavelet analysis publication-title: Q. Rev. Econ. Finance doi: 10.1016/j.qref.2020.03.004 – volume: 38 start-page: 130 year: 2013 ident: 10.1016/j.econmod.2021.105588_bib58 article-title: Is gold a hedge or safe haven against oil price movements? publication-title: Resour. Pol. doi: 10.1016/j.resourpol.2013.02.003 – volume: 75 start-page: 602 year: 1980 ident: 10.1016/j.econmod.2021.105588_bib41 article-title: The multivariate portmanteau statistic publication-title: J. Am. Stat. Assoc. doi: 10.1080/01621459.1980.10477520 – volume: 59 start-page: 143 year: 2016 ident: 10.1016/j.econmod.2021.105588_bib9 article-title: International contagion through financial versus non-financial firms publication-title: Econ. Modell. doi: 10.1016/j.econmod.2016.07.003 – year: 2020 ident: 10.1016/j.econmod.2021.105588_bib20 – volume: 46 start-page: 472 year: 2014 ident: 10.1016/j.econmod.2021.105588_bib53 article-title: Hedging crude oil using refined product: a regime switching asymmetric DCC approach publication-title: Energy Econ. doi: 10.1016/j.eneco.2014.05.014 – volume: 45 start-page: 217 year: 2010 ident: 10.1016/j.econmod.2021.105588_bib15 article-title: Is gold a hedge or a safe haven? An analysis of stocks, bonds and gold publication-title: Financ. Rev. doi: 10.1111/j.1540-6288.2010.00244.x – volume: 61 start-page: 210 year: 2019 ident: 10.1016/j.econmod.2021.105588_bib56 article-title: Can alternative hedging assets add value to Islamic-conventional portfolio mix: evidence from MGARCH models publication-title: Resour. Pol. doi: 10.1016/j.resourpol.2019.02.013 – volume: 7 start-page: 1 year: 2017 ident: 10.1016/j.econmod.2021.105588_bib48 article-title: Reassessing the role of precious metals as safe havens–What colour is your haven and why? publication-title: Journal of Commodity Markets doi: 10.1016/j.jcomm.2017.05.003 – year: 2020 ident: 10.1016/j.econmod.2021.105588_bib67 – volume: 63 start-page: 322 year: 2019 ident: 10.1016/j.econmod.2021.105588_bib63 article-title: Is Bitcoin a better safe-haven investment than gold and commodities? publication-title: Int. Rev. Financ. Anal. doi: 10.1016/j.irfa.2019.01.002 – volume: 22 start-page: 35 year: 2015 ident: 10.1016/j.econmod.2021.105588_bib51 article-title: What precious metals act as safe havens, and when? Some US evidence publication-title: Appl. Econ. Lett. doi: 10.1080/13504851.2014.920471 – volume: 57 start-page: 10 year: 2018 ident: 10.1016/j.econmod.2021.105588_bib55 article-title: Do commodities effectively hedge real estate risk? A multi-scale asymmetric DCC approach publication-title: Resour. Pol. doi: 10.1016/j.resourpol.2018.01.001 – volume: 54 start-page: 235 year: 2016 ident: 10.1016/j.econmod.2021.105588_bib13 article-title: Hedging emerging market stock prices with oil, gold, VIX, and bonds: a comparison between DCC, ADCC and GO-GARCH publication-title: Energy Econ. doi: 10.1016/j.eneco.2015.11.022 – year: 2020 ident: 10.1016/j.econmod.2021.105588_bib19 – year: 2020 ident: 10.1016/j.econmod.2021.105588_bib71 – volume: 40 start-page: 507 year: 2014 ident: 10.1016/j.econmod.2021.105588_bib2 article-title: Does gold offer a better protection against losses in sovereign debt bonds than other metals? publication-title: J. Bank. Finance doi: 10.1016/j.jbankfin.2013.11.014 – volume: 87 start-page: 212 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib62 article-title: Safe haven, hedge and diversification for G7 stock markets: gold versus Bitcoin publication-title: Econ. Modell. doi: 10.1016/j.econmod.2019.07.023 – year: 2020 ident: 10.1016/j.econmod.2021.105588_bib66 – volume: 85 start-page: 106 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib43 article-title: Diversification and optimal hedges for socially responsible investment in Brazil publication-title: Econ. Modell. doi: 10.1016/j.econmod.2019.05.010 – volume: 117 start-page: 105823 year: 2020 ident: 10.1016/j.econmod.2021.105588_bib74 article-title: Hedging geopolitical risk with precious metals publication-title: J. Bank. Finance doi: 10.1016/j.jbankfin.2020.105823 – volume: 11 start-page: 817 year: 1998 ident: 10.1016/j.econmod.2021.105588_bib46 article-title: Modeling asymmetric comovements of asset returns publication-title: Rev. Financ. Stud. doi: 10.1093/rfs/11.4.817 – volume: 62 start-page: 20 year: 2019 ident: 10.1016/j.econmod.2021.105588_bib36 article-title: Financial stress dynamics in the MENA region: evidence from the Arab spring publication-title: J. Int. Financ. Mark. Inst. Money doi: 10.1016/j.intfin.2019.05.004 – start-page: 101882 year: 2021 ident: 10.1016/j.econmod.2021.105588_bib6 article-title: COVID−19 and oil price risk exposure publication-title: Finance Res. Lett. doi: 10.1016/j.frl.2020.101882 – volume: 73 start-page: 317 year: 2017 ident: 10.1016/j.econmod.2021.105588_bib18 article-title: Black swan events and safe havens: the role of gold in globally integrated emerging markets publication-title: J. Int. Money Finance doi: 10.1016/j.jimonfin.2017.02.010 – volume: 178 start-page: 544 year: 2019 ident: 10.1016/j.econmod.2021.105588_bib35 article-title: Gold and crude oil as safe-haven assets for clean energy stock indices: blended copulas approach publication-title: Energy doi: 10.1016/j.energy.2019.04.155 – volume: 31 start-page: 378 year: 2014 ident: 10.1016/j.econmod.2021.105588_bib10 article-title: Dynamic correlation analysis of spillover effects of interest rate risk and return on Australian and US financial firms publication-title: J. Int. Financ. Mark. Inst. Money doi: 10.1016/j.intfin.2014.04.006 – volume: 93 start-page: 104422 year: 2021 ident: 10.1016/j.econmod.2021.105588_bib14 article-title: Hedging stocks with oil publication-title: Energy Econ. doi: 10.1016/j.eneco.2019.06.007 |
| SSID | ssj0002149 |
| Score | 2.6774814 |
| Snippet | This study examines the role of gold as a hedge or safe-haven asset in different phases of the COVID-19 pandemic crisis, corresponding to the timing of fiscal... |
| SourceID | hal crossref elsevier |
| SourceType | Open Access Repository Enrichment Source Index Database Publisher |
| StartPage | 105588 |
| SubjectTerms | Business administration COVID–19 Financial crisis Gold Hedge Humanities and Social Sciences Safe-haven asset |
| Title | Is gold a hedge or a safe-haven asset in the COVID–19 crisis? |
| URI | https://dx.doi.org/10.1016/j.econmod.2021.105588 https://hal.science/hal-04998990 |
| Volume | 102 |
| WOSCitedRecordID | wos000680417500029&url=https%3A%2F%2Fcvtisr.summon.serialssolutions.com%2F%23%21%2Fsearch%3Fho%3Df%26include.ft.matches%3Dt%26l%3Dnull%26q%3D |
| hasFullText | 1 |
| inHoldings | 1 |
| isFullTextHit | |
| isPrint | |
| journalDatabaseRights | – providerCode: PRVESC databaseName: Elsevier SD Freedom Collection Journals 2021 customDbUrl: eissn: 1873-6122 dateEnd: 99991231 omitProxy: false ssIdentifier: ssj0002149 issn: 0264-9993 databaseCode: AIEXJ dateStart: 19950101 isFulltext: true titleUrlDefault: https://www.sciencedirect.com providerName: Elsevier |
| link | http://cvtisr.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwtV1bb9MwFLa6DgleEFcxbrIQb1VKYyeN_TRVY2hF20DaQH0LJ06ydpR0StJq2hP_gX_IL-E4tlOxgQZIvFhRJMeJz5fj7xydCyEvuYRBJpG5Ib8fekEiAw9PuRQH34cAcjx0m0Th_ejwUEwm8n2n88nlwqzmUVGI83N59l9FjfdQ2Dp19i_E3T4Ub-A1Ch1HFDuOfyT4cdU7WczTHiAJ1LlYOkqyV0GeeVPdOr6HbDmrXXjjzruP49cu4AH_kx4qkWpWXQ73s9nLpm_O3J12GiefpzWUy4sLsJ7Ug7Q18BfLBGzMxhEk5ayN_UE0mfbWpdYuB_3Wy4MmtXENjqZfbGK2dUgwv424sl6yK5kyjTJD4uUhGTXKLDPKVkQcTVf2szZuErCvanbjZDjtazcBfmxfr6ybFIemK-ClotlHej29HNM1ptCC2CCbLAql6JLN0Xh38rY9rZlvTCT3fussr1e_XOx3_GVj6jzxDTM5vkNuW5OCjgwU7pJOVtwjN53Mqvtke1xRDQkKtIEEXZR4uYYEbSBBZwVFSNAGEt-_fvMlNWDYfkA-vNk93tnzbOMMT-F5UXuQ8yzjgF8HXHDNgAfJEEkI8JQrUGGeMK5kwlQkIUkYMBBI1CLgA4jCIU59SLrFosgeEarr-QdykOZMiSBUKSi0n7lQqQxDSLJ0iwRuO2Jlq8rr5ibz2IUPnsZ2F2O9i7HZxS3Sb6edmbIq100Qbq9jyw0N54sRINdNfYGyaZfR9dT3RvuxvqftfYF8bOU__vfnPyG31r_BU9Kty2X2jNxQq3pWlc8t3n4AwLGQAg |
| linkProvider | Elsevier |
| openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Is+gold+a+hedge+or+a+safe-haven+asset+in+the+COVID%E2%80%9319+crisis%3F&rft.jtitle=Economic+modelling&rft.au=Akhtaruzzaman%2C+Md&rft.au=Boubaker%2C+Sabri&rft.au=Lucey%2C+Brian+M.&rft.au=Sensoy%2C+Ahmet&rft.date=2021-09-01&rft.pub=Elsevier+B.V&rft.issn=0264-9993&rft.eissn=1873-6122&rft.volume=102&rft_id=info:doi/10.1016%2Fj.econmod.2021.105588&rft.externalDocID=S0264999321001772 |
| thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0264-9993&client=summon |
| thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0264-9993&client=summon |
| thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0264-9993&client=summon |