Please use this identifier to cite or link to this item:
http://hdl.handle.net/10662/24147
Title: | Effect of Economic Policy Uncertainty on the investment in numismatic assets: Evidence for the Walking Liberty Half Dollar |
Authors: | Paule Vianez, Jessica Alcázar Blanco, Antonio Coca Pérez, José Luis |
Keywords: | Inversiones Alternativas;Alternative investments;Incertidumbre Politica Economica;Economic Policy Uncertainty;Valor Refugio;Safe haven |
Issue Date: | 2022 |
Publisher: | Elsevier |
Abstract: | This study proposes to analyse the numismatic assets investment under Economic Policy Uncertainty (EPU). By applying a panel data approach to a sample of 25 different coins minted between 1916 and 1947 and valued annually from 2000 to 2019, it is shown that investing in the Walking Liberty Half Dollar can be considered a safe-haven asset when faced with EPU. However, of all the coins, only those minted during the Great Crash of 1929 and Second World War fulfil this characteristic. These findings have significant implications for investors, providing them with an attractive alternative investment in times of high EPU. |
URI: | http://hdl.handle.net/10662/24147 |
ISSN: | 1544-6123 |
DOI: | 10.1016/j.frl.2021.102412 |
Appears in Collections: | DEFYC - Artículos |
Files in This Item:
File | Description | Size | Format | |
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j_frl_2021_102412.pdf | 393,83 kB | Adobe PDF | View/Open |
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