The causal nexus between bank indices and geopolitical risk: bootstrap causality analysis under horizontal sector dependence
| dc.authorid | 0000-0003-2110-7571 | |
| dc.contributor.author | Yıldırım, Hakan | |
| dc.contributor.author | Şahin, Eyyüp Ensari | |
| dc.contributor.author | Akdağ, Saffet | |
| dc.contributor.author | Adewale Alola, Andrew | |
| dc.date.accessioned | 2024-01-26T10:33:25Z | |
| dc.date.available | 2024-01-26T10:33:25Z | |
| dc.date.issued | 2023 | en_US |
| dc.department | Hitit Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Uluslararası Ticaret ve Lojistik Yönetimi Bölümü | |
| dc.description.abstract | As the global economy thrives and pushes for sustainable growth, there are also a plethora of non-economic challenges arising from the respective dimensions of insecurity and geopolitical tensions such as inter- and intra-country conficts. Geopolitical risk mostly arises from security tensions, war, and terrorist incidents, which hamper peaceful inter-country and regional cooperation, thus endangering state institutions such as fnancial institutions. Given this observation, the current study examines the relationship between the geopolitical risk index and bank indices by employing the bootstrap panel causality approach over a monthly period from September 2003 to December 2018. In this case, the causality analysis of the geopolitical risk index and bank indices for six (6) countries (China, Indonesia, Israel, Philippines, Saudi Arabia, and Turkey) was performed. Importantly, the investigation found causality only from the geopolitical risk index to bank indices in Turkey and Israel. Given the statistical evidence from the study, we ofer related policy recommendations, especially for the examined countries. | |
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| dc.identifier.citation | Yıldırım, H., Şahin, E. E., Akdağ, S., & Alola, A. A. (2023). The causal nexus between bank indices and geopolitical risk: bootstrap causality analysis under horizontal sector dependence. Journal of Social and Economic Development, 1-8. | |
| dc.identifier.doi | 10.1007/s40847-023-00257-w | |
| dc.identifier.issn | 0972-5792 | |
| dc.identifier.issn | 2199-6873 | |
| dc.identifier.scopusquality | Q2 | |
| dc.identifier.uri | https://doi.org/10.1007/s40847-023-00257-w | |
| dc.identifier.uri | https://hdl.handle.net/11491/8749 | |
| dc.identifier.wos | WOS:001002964100001 | |
| dc.identifier.wosquality | N/A | |
| dc.indekslendigikaynak | Web of Science | |
| dc.indekslendigikaynak | Scopus | |
| dc.institutionauthor | Şahin, Eyyüp Ensari | |
| dc.language.iso | en | |
| dc.publisher | SPRINGER INDIA | |
| dc.relation.ispartof | Journal of Social and Economic Development | |
| dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | |
| dc.rights | info:eu-repo/semantics/openAccess | |
| dc.subject | Geopolitical risks | en_US |
| dc.subject | Bank indices | en_US |
| dc.subject | Bootstrap panel causality | en_US |
| dc.subject | Developing economies | en_US |
| dc.title | The causal nexus between bank indices and geopolitical risk: bootstrap causality analysis under horizontal sector dependence | |
| dc.type | Article |
