Dr. Mrunali Jambotkar

@ssagcpernem.in

Assistant Professor of Commerce
Sant Sohirobanath Ambiye Government College of Arts and Commerce, Virnoda Goa



           

https://researchid.co/mrunalijam

EDUCATION

Ph.D. in Commerce, M.Com, NET/SET

RESEARCH, TEACHING, or OTHER INTERESTS

Business, Management and Accounting, Economics, Econometrics and Finance, Social Sciences, Marketing

4

Scopus Publications

Scopus Publications



  • An assessment of gold as a hedge or safe haven: Evidence from major gold producing countries
    Jambotkar Mrunali Manohar and Guntur Anjana Raju
    Asian Economic and Social Society
    JEL Classification: G01; G11; G15. In the era of globalization, co-movement among the various financial assets has increased drastically and diversification benefits have reduced. Further, increased uncertainties in the financial system posed a serious challenge to researchers and investors in the search for alternative avenues for safeguarding their wealth and risk management. Therefore, using daily time series data that spans from January 2000 to March 2020, the study assesses the role of gold as a hedge and safe haven against equity market indices of major gold producing countries. The GARCH model, which covers average gold returns, highlighted the hedge and safe haven ability of gold in different quantiles of the return distribution. The results revealed that the severity of shock rarely matters in capturing the demand for safe haven assets. Additionally, a comparative analysis during crises evidenced a more heterogeneous and larger effect during the dot-com bubble burst in comparison with other selected crises. The robustness analysis through wavelet coherence with the predominance of red bounds and westward-facing arrows indicates the strong safe haven effect of gold during most of the crisis periods in the cases of Australia and South Africa. Furthermore, an improved understanding of such hedge and safe haven behavior patterns may have substantial implications for hedgers, portfolio managers, investors, and policy makers.

  • Does gold retain its hedge and safe haven role for energy sector indices during covid-19 pandemic? A cross-quantilogram approach
    Jambotkar Mrunali Manohar and Guntur Anjana Raju
    EconJournals
    The Outbreak of the COVID-19 Pandemic has caused unprecedented risk and uncertainty in the global financial markets The shattered investor’s faith in the Global Financial system has stimulated the need to explore safe haven assets to mitigate risk and safeguard wealth during such turmoil Therefore, this paper addresses the widely mooted hedge and safe haven property of gold against extreme downturns in the stock market energy sector indices during COVID-19 distress The sample countries considered comprises of the USA, Saudi Arabia, UAE, Russia, Canada, India and China being strategically linked to gold and oil commodities Splitting the sample period into Pre-COVID period from 30th June 2019 to 30th December 2019 and During-COVID period from December 31, 2019 to June 30, 2020 the study employs bivariate cross-quantilogram of (Han et al , 2016) to examine directional predictability in quantiles between gold and energy sector indices The results confirm the inability of gold to showcase its pronounced hedge and safe haven role before the COVID-19 crises Specifically, Countries such as Saudi Arabia, Russia and Canada show a significant negative predictability from energy sector indices to gold thereby indicating its safe haven role during COVID-19 crises © 2021, Econjournals All rights reserved