Gold-oil dependence dynamics and the role of geopolitical risks: Evidence from a Markov-switching time-varying copula model
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DOI: 10.1016/j.eneco.2020.104748
Abstract: Abstract This paper examines the dependence structure and dynamics between gold and oil prices. Specifically, we study the hedge and safe haven ability of gold for oil prices using daily gold prices and West Texas… read more here.
Keywords: geopolitical risks; gold oil; oil; dependence ... See more keywords