[
1. Aggarwal, R. (1992). “Gold Markets”. in: The New Palgrave Dictionary of Money and Finance, Newman P., Milgate M. and Eatwell J; (eds.), 257-258, Macmillan, Basingstoke.
]Search in Google Scholar
[
2. Al-Khazali, O., Bouri, E. & Roubaud, D. (2018).The Impact of Positive and Negative Macroeconomic News Surprises: Gold versus Bitcoin. Economics Bulletin, 38(1), 373–382.
]Search in Google Scholar
[
3. Astrow A. (2012). Gold and the International Monetary System. A Report by the Chatham House Gold Taskforce, London.
]Search in Google Scholar
[
4. Aye, G. C., Chang, T. and Gupta, R. (2016). Is Gold an Inflation-Hedge? Evidence from an Interrupted Markov-Switching Co-integration Model. Resources Policy, 48(C), 77-84.10.1016/j.resourpol.2016.02.011
]Search in Google Scholar
[
5. Baur, D. G. and Lucey, B. M. (2010). Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds and Gold. The Financial Review, 45(2), 217-229.10.1111/j.1540-6288.2010.00244.x
]Search in Google Scholar
[
6. Bouri, E., Jalkh, N. P., Molnár, P. and Roubaud, D. (2017). Bitcoin for Energy Commodities Before and after the December 2013 Crash: Diversifier, Hedge or safe haven? Applied Economics, 49(50), 5063–5073.10.1080/00036846.2017.1299102
]Search in Google Scholar
[
7. Briere, M. Oosterlinck, K. and Szafaraz, A. (2015). Virtual Currency, Tangible Return: Portfolio Diversification with Bitcoin. Journal of Asset Management, 16(6), pp. 365-373.10.1057/jam.2015.5
]Search in Google Scholar
[
8. Choudhry, T., Hassan, S. and Shabi, S. (2015). Relationship Between Gold and Stock Markets During the Global Financial Crisis: Evidence from Nonlinear Causality Tests. International Review of Financial Analysis, 41(1), 1-31.10.1016/j.irfa.2015.03.011
]Search in Google Scholar
[
9. Ciner, C., Gurdgiev, C. and Luce, B. (2013). Hedges and Safe Havens: An Examination of Stocks, Bonds, Gold, Oil and Exchange Rates. International Review of Financial Analysis, 29, 202-211.10.1016/j.irfa.2012.12.001
]Search in Google Scholar
[
10. Conlon, T. and McGee, R. (2020). Safe-Haven or Risky Hazard? Bitcoin During the COVID-19 Bear market. Finance Research Letters, 35(July), 1–5.
]Search in Google Scholar
[
11. Corbet S., Katsiampa, P. and Lau, C. K. M. (2020). Measuring Quantile Dependence and Testing Directional Predictability Between Bitcoin, Altcoins and Traditional Financial Assets. International Review of Financial Analysis, 71(October), 16-32.
]Search in Google Scholar
[
12. Coudert, V. and Raymond, H. (2011). Gold and Financial Assets: Are There any Safe Havens in Bear Markets? Economics Bulletin, 31(2), 1613-1622.
]Search in Google Scholar
[
13. Dempster, N. and Artigas, J. (2010). Gold: Inflation Hedge and Long-Term Strategic Asset. The Journal of Wealth Management, 13(2), 69–75.10.3905/jwm.2010.13.2.069
]Search in Google Scholar
[
14. Drake, P. (2022). The Gold-Stock Market Relationship during COVID-19. Finance Research10.1016/j.frl.2021.102111
]Search in Google Scholar
[
15. Dyhrberg, A. H. (2016) Bitcoin, Gold and the Dollar–a GARCH Volatility Analysis. Finance Research Letters,16 (February), 85–92.10.1016/j.frl.2015.10.008
]Search in Google Scholar
[
16. Fabris, N. (2022). Da li zlato predstavlja efikasnu zaštitu od inflacije: primer Srbije. Revija kopaonicke škole prirodnog prava, 2, 117-134.
]Search in Google Scholar
[
17. Fabris, N. (2022a). Impact of Covid-19 Pandemic on Financial Innovation, Cashless Society, and Cyber Risk. Economics - Innovative and Economics Research Journal, 10(1), 73-86.10.2478/eoik-2022-0002
]Search in Google Scholar
[
18. Fang, L., Bouri, E., Gupta, R. and Roubaud, D. (2019). Does Global Economic Uncertainty Matter for the Volatility and Hedging Effectiveness of Bitcoin? International Review of Financial Analysis, 61 (Januarry), 29–36.10.1016/j.irfa.2018.12.010
]Search in Google Scholar
[
19. Frankel, J. (2014). Effects of Speculation and Interest Rates in a “Carry Trade” Model of Commodity Prices. Journal of International Money and Finance, 42, 88-112.10.1016/j.jimonfin.2013.08.006
]Search in Google Scholar
[
20. Gatara, M. (2022). Štiti li zlato zaista od inflacije. Retrieved from: www. novaczasutra.hr/Article/analiza-marija-gatare-stiti-li-zlato-zaista-odinflacije/2274
]Search in Google Scholar
[
21. Ghosh, D., Levin, E. J., Macmillan, P. and Wright, R.E. (2001). Gold as an Inflation Hedge. Retrieved from: https://www.researchgate.net/publication/24126838_’Gold_as_an_Inflation_Hedge’/link/0912f509cd3d768b70000000/download
]Search in Google Scholar
[
22. Gil-Alana, L. A., Abakah, E. J. A. and Rojo, M. F. R. (2020). Cryptocurrencies and Stock Market Indices. Are they related? Research in International Business and Finance 51 (January)10.1016/j.ribaf.2019.101063
]Search in Google Scholar
[
23. Goodell, J.W. and Goutte, S. (2021). Co-movement of COVID-19 and Bitcoin: Evidence from Wavelet Coherence Analysis. Finance Research Letters, 38(C), 1-7.10.1016/j.frl.2020.101625
]Search in Google Scholar
[
24. Guesmi, K., Saadi, S., Abid, I. and Ftiti, Z. (2019). Portfolio Diversification with Digital Currencies: Evidence from Bitcoin. International Review of Financial Analysis, 63(May), 431-437.10.1016/j.irfa.2018.03.004
]Search in Google Scholar
[
25. Hoque, M.E. & Low, S.W. (2022). Reactions of Bitcoin and Gold to Categorical Financial Stress: New Evidence from Quantile Estimation. Risks, 10(136), 1-11.10.3390/risks10070136
]Search in Google Scholar
[
26. Howarth, J. (2022). How Many Cryptocurrencies are There In 2022? Retrieved from: https://explodingtopics.com/blog/number-of-cryptocurrencies
]Search in Google Scholar
[
27. Iacurci G. (2021). Gold as an inflation Hedge? History Suggests Otherwise. Retrieved from: https://www.cnbc.com/2021/06/08/gold-as-an-inflation-hedge-history-suggests-otherwise.html
]Search in Google Scholar
[
28. Joachim, K. (2015). Facts and Fantasies about Gold. MPRA Paper No. 64590, Munich.
]Search in Google Scholar
[
29. Kaczmarek, P. (2022). Central Bank Digital Currency: Scenarios of Implementation and Potential Consequences for Monetary System. Journal of Central Banking Theory and Practice, 11(3) 137-154.10.2478/jcbtp-2022-0027
]Search in Google Scholar
[
30. Kaygin, E., Zengin, Y., Topcuoglu, E. and Ozkes, S. (2021). The Evaluation of Block Chain Technology within the Scope of Ripple and Banking Activities. Journal of Central Banking Theory and Practice, 10(3) 153-167.10.2478/jcbtp-2021-0029
]Search in Google Scholar
[
31. Key, A. (2022). Bitcoin Eyes Safe-Haven Status as Gold Correlation Returns. Retrieved from: https://decrypt.co/112742/bitcoin-eyes-safe-haven-status-gold-correlation-returns-says-bank-america.
]Search in Google Scholar
[
32. Klein T., Thu H. P. and Walther T. (2018). Bitcoin is not the New Gold–a Comparison of Volatility, Correlation, and Portfolio Performance. International Review of Financial Analysis, 59 (October), 105–116.10.1016/j.irfa.2018.07.010
]Search in Google Scholar
[
33. Koenker, R. and Bassett, G. (1978). Regression Quantiles. Econometrica, 46(1), 33–50.10.2307/1913643
]Search in Google Scholar
[
34. Kumar, A. S. and Padakandla, S. R. (2022). Testing the Safe-Haven Properties of Gold and Bitcoin in the Backdrop of COVID-19: A Wavelet Quantile Correlation Approach. Finance Research Letters, 47, 1-8.10.1016/j.frl.2022.102707
]Search in Google Scholar
[
35. Levin, E. and Wright, R. (2006). Short-Run and Long-Run Determinants of the Price of Gold. World Gold Council, Research Study No. 32, London.
]Search in Google Scholar
[
36. Lukić, V. (2017) “Potentials and limits of private digital currencies”, Seminar katedre za ekonomsku politiku, Ekonomski fakultet, Beograd.
]Search in Google Scholar
[
37. Nagy, B. Z. and Benedek, B. (2021). Higher Co-moments and Adjusted Sharpe Ratios for Cryptocurrencies. Finance Research Letters, 39(C).10.1016/j.frl.2020.101543
]Search in Google Scholar
[
38. OMFIF (2018). Global Crypto-Asset regulatory landscape. London & Oxford Group, London.
]Search in Google Scholar
[
39. Partz, H. (2022). Gold vs BTC Correlation Signals Bitcoin Becoming Safe Haven: BofA. Retrieved from: https://cointelegraph.com/news/gold-vs-btc-correlation-signals-bitcoin-becoming-safe-haven-bofa.
]Search in Google Scholar
[
40. Paulus, H. R. (2020). Can Cryptocurrency, Gold and Bonds Serve as Safe Haven for the Indonesian Capital Market. Retrieved from https://Downloads/60856-493-200264-6-10-20210416.pdf.
]Search in Google Scholar
[
41. Pho K. H., Ly, S., Lu, R., Hoang, T. H. V. and Wong, W-K. (2021). Is Bitcoin a Better Portfolio Diversifier than Gold? A Copula and Sectoral Analysis for China. International Review of Financial Analysis, 74(March), 21-35.10.1016/j.irfa.2021.101674
]Search in Google Scholar
[
42. Rai, V. (2022). Cryptocurrency: Not a Safe Haven in 2022. Retrieved from: https://economics.td.com/ca-cryptocurrency-not-safe-haven.
]Search in Google Scholar
[
43. Selmi, R., Mensi, W. Hammoudeh, S. and Bouoiyour, J. (2018). Is Bitcoin a Hedge, a Safe haven or a Diversifier for Oil Price Movements? A Comparison with Gold. Energy Economics, 74(August), 787–801.10.1016/j.eneco.2018.07.007
]Search in Google Scholar
[
44. Shafiee, S. and Topal E, (2010). An Overview of Global Gold Market and Gold Price Forecasting. Resources Policy, Vol 35, 178-189.10.1016/j.resourpol.2010.05.004
]Search in Google Scholar
[
45. Shahzad S. J. H., Bouri, E., Roubaud, D., Kristoufek, L. and Luceyf, B. (2019) Is Bitcoin a Better Safe-Haven Investment than Gold and Commodities? International Review of Financial Analysis, 63 (C), 322–330.10.1016/j.irfa.2019.01.002
]Search in Google Scholar
[
46. Summers, L. (1998). Gibson’s Paradox and the Gold Standard. Journal of Political Economy, 96(3), 528-50.
]Search in Google Scholar
[
47. Syuhada, K., Suprijanto, Dj. and Hakim, A. (2021). Comparing Gold’s and Bitcoin’s Safe Haven Rules Against Energy Commodities During the Covid-19 Outbreak: a Vine Copula Approach. Finance Researh Letters, 46(b).
]Search in Google Scholar
[
48. Tully, E. and Lucey, B. (2007). A Power GARCH Examination of the Gold Market. Research in International Business and Finance, 21(2), 316-325.10.1016/j.ribaf.2006.07.001
]Search in Google Scholar
[
49. Vučinić, M. and Luburić, L. (2022). Fintech, Risk-Based Thinking and Cyber Risk. Journal of Central Banking Theory and Practice, 11(2) 27-53.10.2478/jcbtp-2022-0012
]Search in Google Scholar
[
50. Vukovic, D., Maiti, M., Grubisic, Z., Grigorieva, E. M. and Frömmel, M. (2021) COVID-19 Pandemic: Is the Crypto Market a Safe Haven? The Impact of the First Wave. Sustainability, 13(15), 1-17.10.3390/su13158578
]Search in Google Scholar
[
51. Wagstyl, S. (2021). Will Gold Have its Day as a Crisis Hedge? Retrieved from: www-ft-com.ezp-prod1.hul.harvard.edu/content/c48cfd1b-8d99-4f02-be3a-d5917f3b3802.
]Search in Google Scholar
[
52. Wen, F., Cao, J., Liu, Z. and Wang, X. (2021). Dynamic Volatility Spillovers and Investment Strategies Between the Chinese Stock Market and Commodity markets. International Review of Financial Analysis, 76(July), 24-47.10.1016/j.irfa.2021.101772
]Search in Google Scholar
[
53. Yatie, A. (2022). Crypto-Assets Better Safe-Havens than Gold during Covid-19: The Case of European indices. Retrieved from: https://arxiv.org/pdf/2202.10760.
]Search in Google Scholar
[
54. Yue, F. (2022). Gold and Bitcoin were Touted as Safe Havens: Both Cases are Falling Apart. Retrieved from: https://www.marketwatch.com/story/gold-and-bitcoin-were-touted-as-safe-havens-both-cases-are-falling-apart-11664826613
]Search in Google Scholar