“…Many researchers have tried to prove the hedging benefit of gold, the most important precious metal in national and local portfolios. Such studies found gold to be a vital portfolio diversification tool [ [9] , [10] , [11] , [12] ], and similar findings were observed for other precious metals, including silver and platinum [ [13] , [14] , [15] ]. [ 16 , 17 ] compared Bitcoin to gold and found similarities.…”
“…Many researchers have tried to prove the hedging benefit of gold, the most important precious metal in national and local portfolios. Such studies found gold to be a vital portfolio diversification tool [ [9] , [10] , [11] , [12] ], and similar findings were observed for other precious metals, including silver and platinum [ [13] , [14] , [15] ]. [ 16 , 17 ] compared Bitcoin to gold and found similarities.…”
“…Fatah is presently led by Mahmoud Abbas, the Palestinian President who controls the territories (Palestinian National Authority), mostly located in the West Bank (Mensi et al, 2021). Meanwhile, under the leadership of Khaled Meshal, Hamas dominates the regions in the Gaza Strip (Gençyürek and Ekinci, 2022).…”
Section: Indonesian Concern In Arab-israel Conflictmentioning
Indonesia and Middle Eastern countries are associated with a shared characteristic in the form of Islam, despite the geographical separation and cultural and ethnic distinctions. Since gaining independence in 1945, Indonesia has consistently advocated for the peaceful resolution of conflict in the Middle East, including the Palestinian/Arab–Israeli conflict. Therefore, the objective of this study was to explore the motivations behind Indonesia’s consistent support for Middle Eastern conflict resolution. Although the Indonesian government is eager to advance its involvement in the conflict resolution process, it is also compelled by the constitution to uphold the “Free and Active” foreign policy axiom, which essentially restricts Indonesia from taking on a side, maintaining cordial ties with the parties involved. These principles prevent Indonesia from favoring one side and maintaining positive relations with both conflicting parties. Indonesia has often played a passive role as a facilitator or participant in conflict resolution attempts rather than actively taking on the role of a mediator. Indonesia’s unwavering commitment to resolving the Middle East conflict largely originates from Islamic solidarity with a predominantly Muslim population in the region and a shared identity as a fellow developing country, rather than being solely based on its constitution. Alternatively, this sense of unity may also stem from the notion of solidarity within the Global South.
Biofuel production is one of the key topics in today's world, which inevitably raises the question of the relationship between ethanol and agricultural commodities. The nexus between corn and ethanol is well known in the literature, but the link involving other biofuel feedstocks is relatively poorly explored. Therefore, this paper research the dynamic nexus between ethanol and five agricultural commodities using the cDCC‐FIAPARCH model, while two additional analyses complement the main results. Dynamic conditional correlation between ethanol and corn is the highest and reaches an average of 50%, while wheat and soybean follow with 31%. A rolling regression analysis reveals the relationship between conditional volatilities and conditional correlations, where the assets with lower conditional volatility have a more significant impact on conditional correlation. The findings may have several practical implications for agents working with ethanol and agricultural commodities, such as food security assessment, efficiency of supply chains and portfolio construction. [EconLit Citations: C61, O13, Q16].
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