Identifying the optimal level of gold as a reserve asset using Black-Litterman model: the case for Malaysia, Turkey, KSA and Pakistan

• Main Authors: Bayram, Kamola, Abdullah, Adam, Meera, Ahamed Kameel Mydin
• Format: Article
• Language: English; English; English
• Published: Emerald Publishing 2018
• Subjects: HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/60884/13/60884_Identifying%20the%20optimal%20level%20of%20gold.pdf; http://irep.iium.edu.my/60884/1/60884_Identifying%20the%20optimal%20level%20of%20gold_SCOPUS.pdf; http://irep.iium.edu.my/60884/2/60884_Identifying%20the%20optimal%20level%20of%20gold_WOS.pdf; http://irep.iium.edu.my/60884/; https://www.emeraldinsight.com/doi/pdfplus/10.1108/IMEFM-06-2017-0142

Purpose – After the collapse of the Bretton Woods fixed exchange rate system in 1971, countries moved towards floating exchange rates, and the expectation was that the requirement for foreign reserves would decrease. However, central banks currently hold more foreign exchange reserves to enhance t...