Aghil Ariannejad

[ 1 ] - Study on Gold as a Hedge or Safe Haven for the Stock Market by a Markov Switching Approach

Although gold is no longer a central cornerstone of the international monetary and financial system, it still attracts considerable attention from researchers and investors. Nowadays, many investors manage their risk with valuable assets such as gold. This paper examines the dynamic relationships between gold and stock markets in the Tehran Stock Exchange. We have applied the Markov switching m...