TY - JOUR
T1 - Can Precious Metals hedge the Risks of Sino-US Political Relation?
T2 - Evidence from Toda-Yamamoto Granger Causality Test in Quantiles
AU - Cai, Yifei
AU - Chang, Hao-Wen
AU - Xiang, Feiyun
AU - Chang, Tsangyao
PY - 2023/8/15
Y1 - 2023/8/15
N2 - By using a novel Granger causality test in quantiles, this study first confirms the hedging role of precious metals (i.e., gold, platinum and silver) to Sino-US political relation risks. The causality is found to be quantile-varied. Important policy implications are provided to investors, arbitrageurs, and funding managers.
AB - By using a novel Granger causality test in quantiles, this study first confirms the hedging role of precious metals (i.e., gold, platinum and silver) to Sino-US political relation risks. The causality is found to be quantile-varied. Important policy implications are provided to investors, arbitrageurs, and funding managers.
U2 - 10.1016/j.frl.2023.104327
DO - 10.1016/j.frl.2023.104327
M3 - Article
SN - 1544-6123
JO - Finance Research Letters
JF - Finance Research Letters
M1 - 104327
ER -