Time and quantile domain connectedness between the geopolitical risk of China and precious metals markets

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dc.authoridCevik, Emrah Ismail/0000-0002-8155-1597
dc.contributor.authorLu, Chengwu
dc.contributor.authorZafar, Muhammad Wasif
dc.contributor.authorCevik, Emrah I.
dc.contributor.authorDestek, Mehmet Akif
dc.contributor.authorBugan, Mehmet Fatih
dc.date.accessioned2024-10-29T17:58:28Z
dc.date.available2024-10-29T17:58:28Z
dc.date.issued2023
dc.departmentTekirdağ Namık Kemal Üniversitesi
dc.description.abstractIt is expected that the irrational behavior of the investors due to psychological reasons in risk situations, the decisions taken in fear and panic affect the performance of investment instruments, and thus the decisions of the diversified portfolio. Therefore, in this study, we investigated the existence of the argument that precious metals investments as an investment asset can protect against geopolitical risks and potentially act as a safe haven against such risks. To this end, we examine the impact of geopolitical risk for China, because China is the world leader in terms of the production of precious metals, on gold, silver, palladium, and platinum prices. In doing so, the monthly data from January 1990 to August 2022 is analyzed with time-varying quantile connectedness method. Our results show that especially during the higher tension periods such as the bombing of the Chinese Embassy in Yugoslavia in 1999, the 9/11 terrorist attacks, the trade war between the USA and China and Covid19 pandemic, high precious metals have received spillover from the geopolitical risk index.
dc.identifier.doi10.1016/j.resourpol.2023.103721
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.scopus2-s2.0-85162897065
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.resourpol.2023.103721
dc.identifier.urihttps://hdl.handle.net/20.500.11776/14341
dc.identifier.volume85
dc.identifier.wosWOS:001028740400001
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier Sci Ltd
dc.relation.ispartofResources Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectTime-varying quantile connectedness
dc.subjectGeopolitical risk
dc.subjectPrecious metals
dc.subjectSafe haven
dc.subjectCovid-19 pandemic
dc.titleTime and quantile domain connectedness between the geopolitical risk of China and precious metals markets
dc.typeArticle

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