GÜVENLİ LİMAN VE HEDGE ARACI OLARAK ALTIN: TÜRKİYE ÖRNEĞİ

Ruslan Nagayev; Yusuf Dinç

GÜVENLİ LİMAN VE HEDGE ARACI OLARAK ALTIN: TÜRKİYE ÖRNEĞİ

Translated title of the contribution: GOLD AS HEDGE AND SAFE HAVEN: EVIDENCE FROM TURKEY

Ruslan Nagayev
, Yusuf Dinç

Istanbul Sabahattin Zaim University

Research output: Contribution to journal › Article › peer-review

Abstract

The aim of this paper is to investigate the properties of gold as a hedge and/or safe haven for diverse equity investors in Turkey (conventional and Islamic portfolios). The study covers the period from January 2010 to April 2018 and employs Wavelet Coherence as a multi-resolution analysis tool. The results suggest that gold maintains its role both as a hedging instrument during normal market conditions and save haven during the market disturbances for short-medium- and longterm portfolio investors. The findings have important implications for policy-makers and market players of Turkey.

Translated title of the contribution	GOLD AS HEDGE AND SAFE HAVEN: EVIDENCE FROM TURKEY
Original language	Turkish
Journal	Journal of Islamic Economics and Finance
Publication status	Published - 16 Jun 2018
Externally published	Yes

Cite this

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title = "G{\"U}VENLİ LİMAN VE HEDGE ARACI OLARAK ALTIN: T{\"U}RKİYE {\"O}RNEĞİ",

abstract = "The aim of this paper is to investigate the properties of gold as a hedge and/or safe haven for diverse equity investors in Turkey (conventional and Islamic portfolios). The study covers the period from January 2010 to April 2018 and employs Wavelet Coherence as a multi-resolution analysis tool. The results suggest that gold maintains its role both as a hedging instrument during normal market conditions and save haven during the market disturbances for short-medium- and longterm portfolio investors. The findings have important implications for policy-makers and market players of Turkey. ",

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AU - Nagayev, Ruslan

AU - Dinç, Yusuf

PY - 2018/6/16

Y1 - 2018/6/16

N2 - The aim of this paper is to investigate the properties of gold as a hedge and/or safe haven for diverse equity investors in Turkey (conventional and Islamic portfolios). The study covers the period from January 2010 to April 2018 and employs Wavelet Coherence as a multi-resolution analysis tool. The results suggest that gold maintains its role both as a hedging instrument during normal market conditions and save haven during the market disturbances for short-medium- and longterm portfolio investors. The findings have important implications for policy-makers and market players of Turkey.

AB - The aim of this paper is to investigate the properties of gold as a hedge and/or safe haven for diverse equity investors in Turkey (conventional and Islamic portfolios). The study covers the period from January 2010 to April 2018 and employs Wavelet Coherence as a multi-resolution analysis tool. The results suggest that gold maintains its role both as a hedging instrument during normal market conditions and save haven during the market disturbances for short-medium- and longterm portfolio investors. The findings have important implications for policy-makers and market players of Turkey.

UR - https://dergipark.org.tr/en/download/article-file/505225

M3 - Article

JO - Journal of Islamic Economics and Finance

JF - Journal of Islamic Economics and Finance

ER -

GÜVENLİ LİMAN VE HEDGE ARACI OLARAK ALTIN: TÜRKİYE ÖRNEĞİ

Abstract

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