Can gold hedge against inflation? an empirical analysis in Malaysia
The purpose of this study is to examine the role of gold price to hedge against inflation in Malaysia. Previous studies stated that gold price can maintain its purchasing power and able to hedge against inflation. Malaysian database from 1967 to 2011 was used where gold price, consumer price index,...
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2014
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my-ums-ep.374542023-10-02T07:25:32Z Can gold hedge against inflation? an empirical analysis in Malaysia 2014 Izaan Azyan Abdul Jamil HG201-1496 Money The purpose of this study is to examine the role of gold price to hedge against inflation in Malaysia. Previous studies stated that gold price can maintain its purchasing power and able to hedge against inflation. Malaysian database from 1967 to 2011 was used where gold price, consumer price index, real interest rate, real income, and real exchange rate as variables in this research. The main finding in this study indicates that gold price has a relationship with domestic inflation in the short and long run. Other than that, gold price quoted in Ringgit also able to hedge against inflation in the long run. Thus, the main finding in this study could benefit both Malaysian Monetary and Investment Authority in hedging Inflation. 2014 Thesis https://eprints.ums.edu.my/id/eprint/37454/ https://eprints.ums.edu.my/id/eprint/37454/1/24%20PAGES.pdf text en public https://eprints.ums.edu.my/id/eprint/37454/2/FULLTEXT.pdf text en validuser masters Universiti Malaysia Sabah Faculty of Business, Economics and Accounting |
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Universiti Malaysia Sabah |
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UMS Institutional Repository |
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English English |
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HG201-1496 Money |
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HG201-1496 Money Izaan Azyan Abdul Jamil Can gold hedge against inflation? an empirical analysis in Malaysia |
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The purpose of this study is to examine the role of gold price to hedge against inflation in Malaysia. Previous studies stated that gold price can maintain its purchasing power and able to hedge against inflation. Malaysian database from 1967 to 2011 was used where gold price, consumer price index, real interest rate, real income, and real exchange rate as variables in this research. The main finding in this study indicates that gold price has a relationship with domestic inflation in the short and long run. Other than that, gold price quoted in Ringgit also able to hedge against inflation in the long run. Thus, the main finding in this study could benefit both Malaysian Monetary and Investment Authority in hedging Inflation. |
format |
Thesis |
qualification_level |
Master's degree |
author |
Izaan Azyan Abdul Jamil |
author_facet |
Izaan Azyan Abdul Jamil |
author_sort |
Izaan Azyan Abdul Jamil |
title |
Can gold hedge against inflation? an empirical analysis in Malaysia |
title_short |
Can gold hedge against inflation? an empirical analysis in Malaysia |
title_full |
Can gold hedge against inflation? an empirical analysis in Malaysia |
title_fullStr |
Can gold hedge against inflation? an empirical analysis in Malaysia |
title_full_unstemmed |
Can gold hedge against inflation? an empirical analysis in Malaysia |
title_sort |
can gold hedge against inflation? an empirical analysis in malaysia |
granting_institution |
Universiti Malaysia Sabah |
granting_department |
Faculty of Business, Economics and Accounting |
publishDate |
2014 |
url |
https://eprints.ums.edu.my/id/eprint/37454/1/24%20PAGES.pdf https://eprints.ums.edu.my/id/eprint/37454/2/FULLTEXT.pdf |
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