A Study on Bubble Phenomenon in the Gold Market
碩士 === 大葉大學 === 國際企業管理學系碩士班 === 104 === The study examines whether multiple bubbles exist in gold market during the 1994-2014 period using a recently developed unit root test (SADF and GSADF) by Phillips et al.. Our empirical results reveal strong evidence of explosive behavior in gold market and i...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2016
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| Online Access: | http://ndltd.ncl.edu.tw/handle/60528387114735261026 |
| Summary: | 碩士 === 大葉大學 === 國際企業管理學系碩士班 === 104 === The study examines whether multiple bubbles exist in gold market during the 1994-2014 period using a recently developed unit root test (SADF and GSADF) by Phillips et al.. Our empirical results reveal strong evidence of explosive behavior in gold market and investigate seven bubbles there. The results also show that gold has been a safe haven in periods of wide-spread financial crisis.
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