Financial market risk and gold investment in an emerging market: the case of Turkey
This study aims to identify the opportunity cost of holding gold, in relation to the stock market for case of Turkey. The focus is to detect if gold acts as a safe haven or a hedge asset in times of distress. The Threshold GARCH (TARCH) model was utilized. The analysis used daily data for the peri...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
IIUM Press
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/61090/ http://irep.iium.edu.my/61090/ http://irep.iium.edu.my/61090/1/258-1-678-1-10-20171231.pdf |