International Conference on Eurasian Economies
29-31 August 2016 – Kaposvár, HUNGARY
Paper detail
Paper ID : 1462
Status : Paper published
Language : Turkish
Topic : Finance and Financial Crises
Presenter: Prof. Dr. Sudi Apak
Session : 1D Finans I
The Short and Long Term Quantitative Analysis of Supply-Demand Equilibrium of Gold as a Financial Asset and Empirical Testing of Gold Price Function
Finansal Varlık Olarak Altının Arz-Talep Dengesinin Kısa ve Uzun Dönem Kantitatif Analizi ve Altın Fiyat Fonksiyonunun Ampirik Olarak Test Edilmesi
- Prof. Dr. Sudi Apak (Esenyurt University, Türkiye)
- Asst. Prof. Dr. Ali Osman Serdar Citak (Medipol University, Türkiye)
Abstract
In order to analyze gold as a financial asset requires evaluation both technical features of precious metals and financial markets in the analytical framework. The aim of this study is to analyze the demand and supply functions of gold under the market conditions which are dominated by bullion banks and central bank in both short and long terms. Finally, as first step the mathematical infrastructure of gold price function analyzed and as second step gold price function has been estimated by using econometrical methods. In this study, the one period lagged data of gold price in US dollar and return of US treasury bonds have used for estimating of the model and reached statistically significant results.
JEL codes: Q30, Q31
Apak, Sudi, Citak, Ali Osman Serdar (2016). "The Short and Long Term Quantitative Analysis of Supply-Demand Equilibrium of Gold as a Financial Asset and Empirical Testing of Gold Price Function" in Proceedings of International Conference of Eurasian Economies 2016, pp.567-572, Kaposvár, HUNGARY.
DOI: https://doi.org/10.36880/C07.01462
