Domestic macroeconomic determinants of precious metals prices in developed and emerging economies: An international analysis of the long and short run

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dc.contributor.authorRana, Hafiz Muhammad Usmanen
dc.contributor.authorO'Connor, Fergalen
dc.date.accessioned2023-12-04T10:50:18Z
dc.date.available2023-12-04T10:50:18Z
dc.date.issued2023-07-23en
dc.description.abstractThis study examines the relationship between domestic macroeconomic factors and domestic precious metals prices across developed and emerging markets from 1979 to 2020. The statistical characteristics of the domestic variables are not found to be consistent across countries, so that these relationships cannot be modelled in one specific way. To model each metal domestically, we use various time series techniques as dictated by the combined characteristics of the domestic variables. The findings of this analysis reveal relationships that are not consistent across countries or precious metals. No consistent set of variables is found to exist that can explain either the short or the long run determinants of domestic precious metals prices, and there is no clear divide between developed or emerging markets. Any model of the determinants of a precious metal's domestic price requires individual handling by the practitioners or academics undertaking it, rather than assuming a single set of determinants as is frequently doneen
dc.description.statusPeer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.articleid102813en
dc.identifier.citationRana, H.M.U. and O’Connor, F. (2023) ‘Domestic macroeconomic determinants of precious metals prices in developed and emerging economies: An international analysis of the long and short run’, International Review of Financial Analysis, 89, 102813 (13 pp). https://doi.org/10.1016/j.irfa.2023.102813.en
dc.identifier.doi10.1016/j.irfa.2023.102813en
dc.identifier.endpage13en
dc.identifier.issn1057-5219en
dc.identifier.journaltitleInternational Review of Financial Analysisen
dc.identifier.startpage1en
dc.identifier.urihttps://hdl.handle.net/10468/15291
dc.identifier.volume89en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.ispartofInternational Review of Financial Analysisen
dc.relation.urihttps://doi.org/10.1016/j.irfa.2023.102813en
dc.rights© 2023 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/)en
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectPrecious metals pricesen
dc.subjectLong-run equilibriumen
dc.subjectInflationen
dc.subjectUnemploymenten
dc.subjectEmerging marketsen
dc.titleDomestic macroeconomic determinants of precious metals prices in developed and emerging economies: An international analysis of the long and short runen
dc.typeArticle (peer-reviewed)en
oaire.citation.volume89en
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