Analisis Emas Sebagai Hedge dan Safe Haven Asset: Kasus Negara Indonesia, Malaysia, Filipina, Thailand, dan Singapura Periode 2006-2020.

Deskripsi

This research aimed to analyze gold's ability as hedge and safe haven asset in the period of 2006-2020 towards stock market in ASEAN countries (Indonesia, Malaysia, Philippines, Thailand, and Singapore). Gold's ability was presented as beta from a testing using OLS and rolling regression models. The result showed that gold is in fact not a strong hedge and safe haven asset for stock market in Indonesia, Malaysia, and Singapore, but gold can be a safe haven for stock market in Philippines and Thailand during extreme market condition. Gold's ability to be hedge and safe haven asset changes over period of time.Ada Tabel