ALTERNATİF YATIRIM ARAÇLARININ MENKUL KIYMETLER BORSASI İLE ETKİLEŞİMİ
INTERACTION OF ALTERNATIVE INVESTMENT INSTRUMENTS WITH THE STOCK EXCHANGE
Author(s): Ethem Kiliç, Mahmut UçaktürkSubject(s): Transformation Period (1990 - 2010), Present Times (2010 - today), Financial Markets
Published by: Bingöl Üniversitesi Sosyal Bilimler Enstitüsü
Keywords: BIST100; Interest; Dollar; Gold;
Summary/Abstract: This study aims to determine the impact of traditional alternative investment instruments on the Stock Exchange Istanbul. For this purpose, weekly data of BIST100, gold, interest and dollar variables for the period 25.12.2009 – 30.03.2018 were used. The relationship between variables was investigated with the help of the Johansen cointegration test and the Toda Yamamoto causation test. As a result of the analysis, it was determined that the variables were co-integrated in the long term. As a result of causality analysis, it was determined that there is a one-way causality relationship from BIST100 to dollar and interest and that there is no causality relationship between gold and BIST00.
Journal: Bingöl Üniversitesi Sosyal Bilimler Enstitüsü Dergisi (BUSBED)
- Issue Year: 11/2021
- Issue No: 21
- Page Range: 499-517
- Page Count: 19
- Language: Turkish