Which is the safe haven for emerging stock markets, gold or the US dollar?
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DOI: 10.1016/j.ememar.2017.12.006
Abstract: This paper examines whether gold or the US dollar is a safe haven for emerging stocks. By calculating the low-high tail dependence between markets via copulas and the downside risk gains of portfolios, we find… read more here.
Keywords: dollar; dollar safe; stock markets; gold dollar ... See more keywords