Baur, Dirk G; Tran, Duy T. - Finance Discipline Group, Business School - 2012
This paper analyzes the long-run relationship between gold and silver prices. We closely follow Escribano and Granger (1998) and extend their study. First, we use a 40-year sample period from 1970-2010 and examine the existence and stability of a long-run relationship between gold and silver...