RT Journal Article SR Electronic T1 Gold and Systemic Risk JF The Journal of Alternative Investments FD Institutional Investor Journals SP 79 OP 86 DO 10.3905/jai.2014.17.1.079 VO 17 IS 1 A1 Chih-Chieh (Jason) Chiu A1 Mitchell Ratner YR 2014 UL https://pm-research.com/content/17/1/79.abstract AB This study tests gold as a hedge and safe haven asset against systemic risk in 21 emerging and developed countries from 1979 to 2012. Generalized autoregressive conditional heteroskedasticity (GARCH) dynamic conditional correlation analysis indicates that gold serves as an effective hedge against systemic risk. Gold also provides a safe haven in times of extreme market volatility and during periods of financial crises in most countries.TOPICS: Commodities, global, statistical methods, financial crises and financial market history