Analysis on the Impact of the Fluctuation of the International Gold Prices on the Chinese Gold Stocks
Five gold stocks in Chinese Shanghai and Shenzhen A-share and Comex gold futures are chosen to form the sample, for the purpose of analysing the impact of the fluctuation of the international gold prices on the gold stocks in Chinese Shanghai and Shenzhen A-share. Using the methods of unit root test...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2014-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2014/308626 |
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| _version_ | 1832563752231239680 |
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| author | Jiankang Jin Chen Jie Quanda Zhang |
| author_facet | Jiankang Jin Chen Jie Quanda Zhang |
| author_sort | Jiankang Jin |
| collection | DOAJ |
| description | Five gold stocks in Chinese Shanghai and Shenzhen A-share and Comex gold futures are chosen to form the sample, for the purpose of analysing the impact of the fluctuation of the international gold prices on the gold stocks in Chinese Shanghai and Shenzhen A-share. Using the methods of unit root test, Granger causality test, VAR model, and impulse response function, this paper has analysed the relationship between the price change of the international gold futures and the price fluctuation of gold stocks in Chinese Shanghai and Shenzhen comprehensively. The results suggest the fluctuation of the international gold futures has a strong influence on the domestic futures. |
| format | Article |
| id | doaj-art-0c1a028982254dc29ccce5348f519d3a |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-0c1a028982254dc29ccce5348f519d3a2025-02-03T01:12:32ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2014-01-01201410.1155/2014/308626308626Analysis on the Impact of the Fluctuation of the International Gold Prices on the Chinese Gold StocksJiankang Jin0Chen Jie1Quanda Zhang2School of Economics & Management, Northwest University, Xian 710127, ChinaSchool of Finance, Zhejiang University of Finance and Economics, Hangzhou 310018, ChinaSchool of Finance, Zhejiang University of Finance and Economics, Hangzhou 310018, ChinaFive gold stocks in Chinese Shanghai and Shenzhen A-share and Comex gold futures are chosen to form the sample, for the purpose of analysing the impact of the fluctuation of the international gold prices on the gold stocks in Chinese Shanghai and Shenzhen A-share. Using the methods of unit root test, Granger causality test, VAR model, and impulse response function, this paper has analysed the relationship between the price change of the international gold futures and the price fluctuation of gold stocks in Chinese Shanghai and Shenzhen comprehensively. The results suggest the fluctuation of the international gold futures has a strong influence on the domestic futures.http://dx.doi.org/10.1155/2014/308626 |
| spellingShingle | Jiankang Jin Chen Jie Quanda Zhang Analysis on the Impact of the Fluctuation of the International Gold Prices on the Chinese Gold Stocks Discrete Dynamics in Nature and Society |
| title | Analysis on the Impact of the Fluctuation of the International Gold Prices on the Chinese Gold Stocks |
| title_full | Analysis on the Impact of the Fluctuation of the International Gold Prices on the Chinese Gold Stocks |
| title_fullStr | Analysis on the Impact of the Fluctuation of the International Gold Prices on the Chinese Gold Stocks |
| title_full_unstemmed | Analysis on the Impact of the Fluctuation of the International Gold Prices on the Chinese Gold Stocks |
| title_short | Analysis on the Impact of the Fluctuation of the International Gold Prices on the Chinese Gold Stocks |
| title_sort | analysis on the impact of the fluctuation of the international gold prices on the chinese gold stocks |
| url | http://dx.doi.org/10.1155/2014/308626 |
| work_keys_str_mv | AT jiankangjin analysisontheimpactofthefluctuationoftheinternationalgoldpricesonthechinesegoldstocks AT chenjie analysisontheimpactofthefluctuationoftheinternationalgoldpricesonthechinesegoldstocks AT quandazhang analysisontheimpactofthefluctuationoftheinternationalgoldpricesonthechinesegoldstocks |