碩士 / 大葉大學 / 國際企業管理學系碩士班 / 104 / This article examine the causal relationship between crude oil and gold spot prices before and after the recent financial crisis. Weekly data from December 1994 to December 2014 is used. In the pre-crisis period, causality is linear and unidirectional, running from oil to gold price. Causality is nonlinear and unidirectional, running from gold to oil price. In the post-crisis period, a bidirectional linear causality relationship. Causality is nonlinear and unidirectional, running from gold to oil price. This findings imply that investors use the gold market as a hedge against inflation.
| Identifer | oai:union.ndltd.org:TW/104DYU00321014 |
| Date | January 2016 |
| Creators | YANG,FU-CHENG, 楊富丞 |
| Contributors | LIANG,CHIN-CHIA, CHEN,MEI-LING, 梁晉嘉, 陳美玲 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 74 |
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