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- Title
COVID-19 Sürecinin Türk Finansal Sistemine Yönelik Etkilerinin Toda-Yamamoto Yöntemi ile Analizi.
- Authors
Büyükakın, Figen; Demir, Sedanur
- Abstract
It is estimated that the effects of the COVID-19 pandemic, which has become one of the most important problems of humanity in the last two years, will continue for a long time. Since the outbreak of COVID19, millions of people died, lost their jobs, education, production, and tourism stopped, production costs increased, production-consumption and supply-demand balances deteriorated, and growth values turned negative. The COVID-19 pandemic, which initially only threatened human health, spread over time to the real and financial sectors of economies. COVID-19, which has caused panic and uncertainty around the world, has begun to be called the new "Black Swan" of financial markets due to its significant effects on the financial system. From this point of view, the aim of the study was determined to examine the impact of the COVID-19 pandemic on the financial system of Turkey, which has attracted attention as a country that has experienced many crises in the past. The variables used in the study are the number of COVID-19 patients and deaths, gold prices, USD-TL exchange rates, Euro-TL exchange rates and BIST-100 index values. In line with the purpose of the study, Toda-Yamamoto causality analysis was applied by using daily data including the period of 06.04.2020–02.07.2021 belonging to the variables. According to the obtained results, there is a causal relationship from the number of COVID-19 patients and deaths to gold prices, US dollar exchange rate and Euro exchange rate.
- Subjects
TURKEY; GOLD sales &; prices; COVID-19; COVID-19 pandemic; FOREIGN exchange rates; INDUSTRIAL costs; NONFERROUS metal industries
- Publication
Journal of Aksaray University Faculty of Economics & Administrative Sciences / Aksaray Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi, 2022, Vol 14, Issue 4, p387
- ISSN
1308-7525
- Publication type
Article
- DOI
10.52791/aksarayiibd.1053192