黄金双重属性联动避险与危机抵御分析

发布时间：2018-03-05 20:06

  本文选题：黄金　切入点：双重属性　出处：《学习与探索》2017年07期 　论文类型：期刊论文

【摘要】：黄金因具有货币和商品双重属性,可抵御通货膨胀风险和主权货币贬值风险,在国家经济安全及金融稳定中承担着重要作用。深入研究黄金双重避险能力及其联动性,尤其是当重大政治、经济及突发事件发生时其的演化规律,可以全面认识黄金的避险能力。研究表明,自布雷顿森林体系解体以来,黄金的双重避险能力呈现显著时变特性,其联动性在重大政治、经济及突发事件发生时明显增强;2007年次贷危机发生以来,联动能力急剧增强至历史最高点,"乱世买金"的特点充分体现。
[Abstract]:Because of its dual property of currency and commodity, gold can resist inflation risk and sovereign currency depreciation risk, and play an important role in national economic security and financial stability. Especially when major political, economic and unexpected events occur, the evolution law of gold can be fully understood. The research shows that since the Bretton Woods system disintegrated, gold's dual risk-averse ability has a remarkable time-varying characteristic. Its linkage is obviously strengthened when major political, economic and unexpected events occur. Since the subprime mortgage crisis occurred in 2007, the linkage ability has increased sharply to the highest point in history, and the characteristics of "buying gold in troubled times" have been fully reflected.
【作者单位】： 上海财经大学统计与管理学院;奥浦诺管理咨询(上海)有限公司;
【基金】：国家自然科学基金项目(71303145)
【分类号】：F831.54
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本文编号：1571686