Purpose: The purpose of this study is to empirically test the level of interdependence between three major assets: Gold, crude oil and USD index in terms of the return volatility spillover effects. This helps investors managing their portfolios and provides them with sense of direction on how to use these assets in portfolio diversification leading to a risk reduction benefits. Design/methodology/approach: Gold, oil and USD index volatilities are estimated using EGARCH (1, 1) model after detecting the stationarity and heteroskedasticity of the sample using the following diagnostic tests: Augmented ...

After the emergence of the industrial society and the increased dependency on technology, along with globalization and worldwide economic recessions, labor market is being affected the most. Thus, unemployment is increasing and is becoming a serious problem, leading to poverty increase and economic decline. Innovative ways to reduce unemployment insurance (UI), have a high priority nowadays. UI protects from the risks of unemployment, and provide regular payments for employees who are laid off involuntarily. Hence, this is considered an important solution for the increased poverty, and the ...