References
- Adekoya, O. B., Oliyide, J. A., & Tahir, H. (2021). What do we know about the inflation-hedging property of precious metals in Africa? The case of leading producers of the commodities. Resources Policy, 72, 102120. https://doi.org/10.1016/j.resourpol.2021.102120
- Al‐Yahyaee, K. H., Mensi, W., Maitra, D., & Al-Jarrah, I. M. W. (2019). Portfolio management and dependencies among precious metal markets: Evidence from a Copula quantile-on-quantile approach. Resources Policy, 64, 101529. https://doi.org/10.1016/j.resourpol.2019.101529
- Arouri, M. E. H., Hammoudeh, S., Lahiani, A., & Nguyen, D. K. (2012). Long memory and structural breaks in modeling the return and volatility dynamics of precious metals. The Quarterly Review of Economics and Finance, 52(2), 207–218. https://doi.org/10.1016/j.qref.2012.04.004
- Batten, J. A., Ciner, C., & Lucey, B. M. (2010). The macroeconomic determinants of volatility in precious metals markets. Resources Policy, 35(2), 65–71. https://doi.org/10.1016/j.resourpol.2009.12.002
- Baur, D. G., & Glover, K. (2016). The destruction of a safe haven asset? Applied Finance Letters, 1(1), 8. https://doi.org/10.24135/afl.v1i1.5
- Baur, D. G., & Lucey, B. M. (2010). Is Gold a Hedge or a Safe Haven? an Analysis of Stocks, Bonds and Gold. Social Science Research Network. https://doi.org/10.2139/ssrn.952289
- Bollerslev, T. (1986). Generalized autoregressive conditional heteroskedasticity. Journal of Econometrics, 31(3), 307–327. https://doi.org/10.1016/0304-4076(86)90063-1
- Engle, R. F. (1982). Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation. Econometrica, 50(4), 987. https://doi.org/10.2307/1912773
- Engle, R. (2002). Dynamic Conditional Correlation: A Simple Class of Multivariate Generalized Autoregressive Conditional Heteroskedasticity Models. Journal of Business & Economic Statistics, 20(3), 339–350. http://www.jstor.org/stable/1392121
- Fabris, N. (2019). Cashless society – the future of money or a utopia? Journal of Central Banking Theory and Practice, 8(1), 53–66. https://doi.org/10.2478/jcbtp-2019-0003
- Fabris, N., & Jesic, M. (2023). Are gold and bitcoin a safe haven for European indices? Journal of Central Banking Theory and Practice, 12(1), 27–44. https://doi.org/10.2478/jcbtp-2023-0002
- Fabris, N., & Lazic, M. (2022). Evaluating the role of the exchange rate in monetary policy reaction function of advanced and emerging market economies. Journal of Central Banking Theory and Practice, 11(2), 77–96. https://doi.org/10.2478/jcbtp-2022-0014
- Hillier, D., Draper, P., & Faff, R. W. (2006). Do Precious Metals shine? An investment perspective. Financial Analysts Journal, 62(2), 98–106. https://doi.org/10.2469/faj.v62.n2.4085
- Hood, M., & Malik, F. (2013). Is gold the best hedge and a safe haven under changing stock market volatility? Review of Financial Economics, 22(2), 47–52. https://doi.org/10.1016/j.rfe.2013.03.001
- Inclán, C., & Tiao, G. C. (1994). Use of cumulative sums of squares for retrospective detection of changes of variance. Quarterly Publications of the American Statistical Association, 89(427), 913. https://doi.org/10.2307/2290916
- Kamıslı, M., Ozer, M., Sayılır, O., & Diallo, P. R. (2023). Time scales based analysis of the effects of COVID-19 related economic support on the stock markets in emerging markets. Journal of Central Banking Theory and Practice, 12(3), 41–60.
- Mensi, W., Vo, X. V., & Kang, S. H. (2021). Time and frequency connectedness and network across the precious metal and stock markets: Evidence from top precious metal importers and exporters. Resources Policy, 72, 102054. https://doi.org/10.1016/j.resourpol.2021.102054
- Milojević, N., & Redzepagic, S. (2021). Prospects of Artificial intelligence and machine learning application in Banking Risk Management. Journal of Central Banking Theory and Practice, 10(3), 41–57. https://doi.org/10.2478/jcbtp-2021-0023
- Ozer, M., Grubisic, Z., & Küçüksakarya, S. . (2023). Effects of exchange rate, output gap, and output gap volatility on inflation volatility in Turkey. Journal of Central Banking Theory and Practice, 12(1), 5–26. https://doi.org/10.2478/jcbtp-2023-0001
- Pazner, E. A., & Razin, A. (1975). On expected value vs. expected future value. The Journal of Finance, 30(3), 875–878. https://doi.org/10.1111/j.1540-6261.1975.tb01857.x
- Sadeghi, S., Sanoubar, N., Marvasti, M., & Karbor, R. (2014). The Relationship among Gold, Stock and Foreign Exchange Markets: Evidence from Iran. Asian Journal of Research in Social Sciences and Humanities, 4, 361-366.
- Shrydeh, N., Shahateet, M. I., Mohammad, S. J., & Sumadi, M. (2019). The hedging effectiveness of gold against US stocks in a post-financial crisis era. Cogent Economics & Finance, 7(1), 1698268. https://doi.org/10.1080/23322039.2019.1698268
- Vukovic, D., Maiti, M., Grubisic, Z., Grigorieva, E. M., & Frommel, M. (2021). COVID-19 pandemic: Is the crypto market a safe haven? The impact of the first wave. Sustainability, 13(15), 8578. https://doi.org/10.3390/su13158578