Institution
University of Economics, Ho Chi Minh City
Education•Ho Chi Minh City, Vietnam•
About: University of Economics, Ho Chi Minh City is a education organization based out in Ho Chi Minh City, Vietnam. It is known for research contribution in the topics: Stock market & Emerging markets. The organization has 520 authors who have published 1051 publications receiving 12918 citations.
Topics: Stock market, Emerging markets, Volatility (finance), Stock exchange, Diversification (finance)
Papers published on a yearly basis
Papers
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TL;DR: In this paper, the authors investigated the relationship between stocks, bonds and gold and found that gold is a hedge against stocks on average and a safe haven in extreme stock market conditions.
Abstract: Is gold a hedge against sudden changes in stock and bond returns, or does it instead have a subtly different property, that of being a safe haven? This paper addresses these two interlinked questions. A safe haven is defined as a security that is uncorrelated with stocks and bonds in case of a market crash. This is counterpoised against a hedge, defined as a security that is uncorrelated with stocks or bonds on average. We study constant and time-varying relationships between stocks, bonds and gold in order to investigate the existence of a hedge and a safe haven. The empirical analysis examines US, UK and German stock and bond returns and their relationship with gold returns. We find that gold is a hedge against stocks on average and a safe haven in extreme stock market conditions. This finding suggests that the existence of a safe haven enhances the stability and resiliency of financial markets since it reduces investors' losses at times when a reduction is needed the most. A portfolio analysis further shows that the safe haven property is extremely short-lived so that an investor buying gold one day after a shock loses money.
1,255 citations
TL;DR: In this article, the volatility relationship between the main Chinese stock markets and Bitcoin evolved significantly during this period of enormous financial stress, and the authors provided a number of observations as to why this situation occurred.
591 citations
TL;DR: This paper investigated the return relations between major asset classes using data from both the US and the UK and found that gold can be regarded as a safe haven against exchange rates in both countries, highlighting its monetary asset role.
Abstract: In this paper we investigate the return relations between major asset classes using data from both the US and the UK. Our first objective is to examine time variation in conditional correlations to determine when these variables act as a hedge against each other. Secondly, we provide evidence on whether the dependencies between the asset classes differ during extreme price movements by using quantile regressions. This analysis provides evidence on whether these asset classes can be considered as safe havens for each other. A noteworthy finding of our study is that gold can be regarded as a safe haven against exchange rates in both countries, highlighting its monetary asset role
416 citations
TL;DR: In this article, the authors examined the expected economic impact of government actions by analyzing the effect of such actions on stock market returns using daily data from January 22 to April 17, 2020 from 77 countries.
404 citations
TL;DR: It showed that in ASEAN-5 countries, economic growth, financial development and FDI leads to an increase in environmental degradation, and the quadratic term for economic growth showed a negative impact on environmental degradation.
343 citations
Authors
Showing all 555 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Muhammad Shahbaz | 92 | 1001 | 34170 |
| Simplice A. Asongu | 62 | 1051 | 18242 |
| Shawkat Hammoudeh | 60 | 279 | 11081 |
| Brian M. Lucey | 58 | 373 | 14227 |
| Elie Bouri | 41 | 226 | 6496 |
| Syed Jawad Hussain Shahzad | 37 | 207 | 4684 |
| Festus Victor Bekun | 32 | 145 | 3495 |
| Jonathan A. Batten | 32 | 229 | 3667 |
| Walid Mensi | 32 | 110 | 3320 |
| Sang Hoon Kang | 32 | 154 | 2977 |
| Zafar U. Ahmed | 31 | 142 | 4013 |
| Muhammad Mohsin | 31 | 66 | 2133 |
| Hung Bui | 30 | 137 | 4630 |
| Xuan Vinh Vo | 28 | 213 | 2880 |
| Dominique Guegan | 28 | 349 | 3048 |