Shariah stocks as an inflation hedge in Malaysia Report as inadecuate




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Abstract

The purpose of this paper is to study the hedging effectiveness of Shariah Islamic stockreturns against inflation over the post financial crisis period in Malaysia using wavelet analysis.By using wavelet tools such as wavelet coherence and the wavelet phase angle, the resultinganalyses were able to measure cross-correlations and causality between the time series as afunction of time-scales. Results tend to indicate that for investment horizons not exceeding 3years, the FTSE Bursa Malaysia Emas Shariah Index constituent returns can provide hedgingagainst inflation as real returns are largely uncorrelated with inflation.



Item Type: MPRA Paper -

Original Title: Shariah stocks as an inflation hedge in Malaysia-

English Title: Shariah stocks as an inflation hedge in Malaysia-

Language: English-

Keywords: Shariah Islamic stocks, inflation hedge, Malaysia, wavelets-

Subjects: C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C58 - Financial EconometricsG - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions-





Author: Haniff, Norazza Mohd

Source: https://mpra.ub.uni-muenchen.de/71681/







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