- Author
- Bukowski Sławomir I. (Uniwersytet Technologiczno-Humanistyczny w Radomiu)
- Title
- The Main Determinants of Gold Price in the International Market
Główne determinanty ceny złota na rynku międzynarodowym - Source
- International Business and Global Economy, 2016, nr 35/1, s. 402-413, bibliogr. 18 poz.
Biznes Międzynarodowy w Gospodarce Globalnej - Keyword
- Złoto, Rynek złota, Kurs walutowy, Obligacje skarbowe
Gold, Gold market, Exchange rates, Treasury bond - Note
- summ., streszcz.
- Abstract
- Celem pracy jest identyfikacja głównych czynników wpływających na cenę złota na rynku międzynarodowym. Zgodnie ze sformułowaną w artykule hipotezą, głównymi determinantami ceny złota na rynku międzynarodowym są: kurs dolara wobec euro, logarytmiczna stopa zwrotu z indeksu S&P 500, cena ropy naftowej brent, rentowność dziesięcioletnich obligacji skarbowych rządu USA oraz cena złota z poprzedniego okresu. W pracy zastosowano metody ekonometryczne i zbudowano model ekonometryczny. Wyniki estymacji modelu potwierdziły sformułowaną w badaniach hipotezę.(abstrakt oryginalny)
The aim of this paper is to identify the main factors which influence the gold price in the international market. According to the main hypothesis, the gold price is determined by the following factors: US$ to EUR exchange rate, log return on S&P 500, brent crude oil prices, yield to maturity of US 10-year Treasury bonds, and gold price history. Econometric methods have been applied and an econometric model has been built and estimated. An econometric analysis has confirmed our hypothesis.(original abstract) - Full text
- Show
- Bibliography
-
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- Cited by
- ISSN
- 2300-6102
- Language
- eng
- URI / DOI
- http://dx.doi.org/10.4467/23539496IB.16.029.5610
