Topic
BRIC
About: BRIC is a research topic. Over the lifetime, 1375 publications have been published within this topic receiving 20116 citations.
Papers published on a yearly basis
Papers
TL;DR: In this paper, the authors investigate the linkage between economic development and environmental quality in BRIC economies and find that both economic and financial development are determinants of the environmental quality and environmental degradation.
1,590 citations
TL;DR: This article examined the role of gold in the global financial system and found that gold is both a hedge and a safe haven for major European stock markets and the US but not for Australia, Canada, Japan and large emerging markets such as the BRIC countries.
Abstract: The aim of this paper is to examine the role of gold in the global financial system. We test the hypothesis that gold represents a safe haven against stocks of major emerging and developing countries. A descriptive and econometric analysis for a sample spanning a 30 year period from 1979 to 2009 shows that gold is both a hedge and a safe haven for major European stock markets and the US but not for Australia, Canada, Japan and large emerging markets such as the BRIC countries. We also distinguish between a weak and strong form of the safe haven and argue that gold may act as a stabilizing force for the financial system by reducing losses in the face of extreme negative market shocks. Looking at specific crisis periods, we find that gold was a strong safe haven for most developed markets during the peak of the recent financial crisis.
1,582 citations
TL;DR: This paper examined the role of gold in the global financial system and found that gold is both a hedge and a safe haven for major European stock markets and the US but not for Australia, Canada, Japan and large emerging markets such as the BRIC countries.
Abstract: The aim of this paper is to examine the role of gold in the global financial system. We test the hypothesis that gold represents a safe haven against stocks of major emerging and developing countries. A descriptive and econometric analysis for a sample spanning a 30 year period from 1979-2009 shows that gold is both a hedge and a safe haven for major European stock markets and the US but not for Australia, Canada, Japan and large emerging markets such as the BRIC countries. We also distinguish between a weak and strong form of the safe haven and argue that gold may act as a stabilizing force for the financial system by reducing losses in the face of extreme negative market shocks. Looking at specific crisis periods, we find that gold was a strong safe haven for most developed markets during the peak of the recent financial crisis.
1,361 citations
TL;DR: In this paper, the impact of economic growth and financial development on environmental degradation using a panel cointegration technique for the period between 1980 and 2007, except for Russia (1992-2007).
1,035 citations
TL;DR: In this article, the authors examined dynamic causal relationships between pollutant emissions, energy consumption and output for a panel of BRIC countries over the period 1971-2005, except for Russia (1990-2005).
915 citations
Related Topics (5)
Performance Metrics
| Year | Papers |
|---|---|
| 2025 | 23 |
| 2024 | 30 |
| 2023 | 49 |
| 2022 | 59 |
| 2021 | 30 |
| 2020 | 49 |