The effects of US stock markets on the Istanbul stock exchange and its components

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buir.contributor.authorBerument, Hakan
dc.citation.epage94en_US
dc.citation.issueNumber2en_US
dc.citation.spage85en_US
dc.citation.volumeNumber11en_US
dc.contributor.authorBerument, Hakanen_US
dc.contributor.authorDenaux, Z. S.en_US
dc.contributor.authorYalcin, Y.en_US
dc.date.accessioned2019-02-10T06:38:44Z
dc.date.available2019-02-10T06:38:44Z
dc.date.issued2011en_US
dc.departmentDepartment of Economicsen_US
dc.description.abstractWith increasing financial integration (globalization), the performance of the emerging financial market has been substantially affected by the performances of major developed financial markets. This study explores how one of the leading Emerging Markets (the Istanbul Stock Exchange; ISE hereafter) and various components of the ISE index are affected by various indices from the US stock markets. The empirical evidence reveals that unexpected shocks in the US stock markets have both contemporaneous and first period effects on the Turkish stock market. The co-movements among the markets are positive and significant. Moreover, importantly, the Turkish stock market closely follows the movements of the US stock exchange which has small-cap companies rather than of the stock exchanges which have similar sectoral weights as in the Istanbul Stock Exchange.en_US
dc.description.provenanceSubmitted by Zeynep Aykut (zeynepay@bilkent.edu.tr) on 2019-02-10T06:38:44Z No. of bitstreams: 1 The_effects_of_US_stock_markets_on_the_Istanbul_stock_exchange_and_its_components.pdf: 592182 bytes, checksum: 3da995658475c17dec1e9e2d514472fd (MD5)en
dc.description.provenanceMade available in DSpace on 2019-02-10T06:38:44Z (GMT). No. of bitstreams: 1 The_effects_of_US_stock_markets_on_the_Istanbul_stock_exchange_and_its_components.pdf: 592182 bytes, checksum: 3da995658475c17dec1e9e2d514472fd (MD5) Previous issue date: 2011en
dc.identifier.eissn2378-864X
dc.identifier.issn1555-6336
dc.identifier.urihttp://hdl.handle.net/11693/49172
dc.language.isoEnglishen_US
dc.publisherInternational Academy of Business and Economicsen_US
dc.source.titleJournal of International Finance and Economicsen_US
dc.subjectEmerging marketsen_US
dc.subjectFinancial market integration and SVARen_US
dc.titleThe effects of US stock markets on the Istanbul stock exchange and its componentsen_US
dc.typeArticleen_US

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